NVT assists in the successful issuance of Hong Kong's first transferable tokenized restructuring notes

On December 16, 2024, as a leading infrastructure provider in the RWA field, NVT HK Limited (referred to as "NVT") assisted Cinda International Asset Management Limited (referred to as "Cinda International Asset Management") as the arranger and manager, successfully issuing its first transferable tokenized repackaging note on the Ethereum blockchain, namely the Short-Term Asset-Backed Liquidity Note Token (STBL). This is the first case of a transferable tokenized repackaging note arranged and issued by a financial institution in Hong Kong. Liu Jialing, Managing Director of Cinda International Asset Management, stated in a press release on December 24, 2024, "This innovative financial product demonstrates Hong Kong's important position as a global financial innovation center." The target clients of STBL are professional investors (for the definition, please refer to the Hong Kong Companies Ordinance Chapter 571 "Securities and Futures Ordinance"), with AAA-rated money market funds ("MMFs") as the underlying assets. NVT, as the on-chain operator, provides efficient and smooth blockchain technology solutions for the issuance and distribution of STBL. The first distributors of STBL include GF Securities (Hong Kong) Brokerage Limited and Hash Blockchain Limited ("Hash Key Exchange").

The issuance of STBL fully reflects NVT's and its partners' firm commitment to driving innovation through blockchain technology, while showcasing a series of unique features and advantages:

• Cash management tool with competitive returns: By utilizing top-rated MMFs, STBL provides professional investors with reliable and stable investment options.
• High liquidity: STBL supports daily subscriptions and redemptions, and can be transferred 24/7, providing high liquidity for professional investors.
• Potential alternative investment medium applicable to global investment scenarios: This tokenized note is a perpetual bond, designed to serve as an alternative investment medium (AIM) for the upcoming blockchain community (cited from the press release published by Linklaters on January 2, 2025).

Zhao Jianggong, Founder and CEO of NVT, stated, "NVT is honored to participate in the successful issuance of STBL on the Ethereum blockchain, which is not only an excellent case of financial product tokenization but also an important milestone in empowering traditional finance with blockchain technology. As a core participant in STBL, NVT provides secure, reliable, and scalable comprehensive technology solutions for the issuance and distribution of STBL. This successful practice is attributed to Hong Kong's open and inclusive financial innovation environment and the active participation and support from all sectors of the industry. We believe that through innovative collaboration with industry players, we can more efficiently promote the digital transformation of capital markets, enhancing transparency, efficiency, and global accessibility. The advantages of fintech in improving the efficiency of the traditional financial system, reducing costs, and expanding markets are gaining wider recognition, injecting new vitality into consolidating Hong Kong's core position as an international financial center. In the future, we look forward to extensive cooperation with more financial institutions to build an innovative and prosperous digital capital market ecosystem, allowing the benefits of fintech to reach all market participants."

Zhao Jianggong emphasized: "With STBL, the trading of on-chain financial products can be realized within Hong Kong's compliance framework. This is an important milestone for Hong Kong's digital finance industry."

NVT is a fintech company deeply rooted in Hong Kong, focusing on providing comprehensive digital infrastructure and technology solutions for financial institutions and corporate clients. NVT's RWA tokenization system transforms traditional financial products into fully compliant and easily accessible digital assets, redefining the investment landscape of capital markets. NVT continues to lead industry innovation:

• In January 2024, assisted GF Securities (Hong Kong) in successfully issuing Hong Kong's first tokenized securities issued under Hong Kong law.
• In December 2024, assisted Cinda International Asset Management in successfully arranging the issuance of STBL.

Successfully completing milestone cases serving two major financial institutions within a year fully demonstrates NVT's high-quality customer service and the reliability and efficiency of its RWA tokenization system. In the future, NVT will continue to expand and deepen collaboration with industry partners, focusing on building a robust interconnected ecosystem that supports the deep integration of traditional and digital finance, creating disruptive growth opportunities for all participants.

Contact NVT

Official website: www.nvt.com.hk