Fosun Targets HK$100 Billion Asset Tokenization Push with New Hong Kong Platform

Chinese conglomerate Fosun International is betting big on asset tokenization, launching an ambitious platform in Hong Kong that aims to capture HK$100 billion in custody assets within five years as the city emerges as a global hub for digital finance innovation.

The Shanghai-based group unveiled its FinRWA Platform through wealth tech subsidiary Finloop on Wednesday, creating what it claims is Hong Kong's first comprehensive tokenized money market fund offering across multiple currencies, China Daily reported . The platform already hosts the world's first renminbi-denominated tokenized money market fund alongside US dollar and Hong Kong dollar variants.

Finloop CEO Cai Hua's aggressive five-year target represents a fivefold increase from the company's current HK$20 billion asset base, reflecting broader confidence in Hong Kong's digital asset regulatory environment and market potential.

Bridging Traditional and Digital Finance

The platform addresses a key friction point in digital asset adoption by allowing investors to manage both virtual asset trades and traditional securities through a single interface. This unified approach targets institutional clients seeking streamlined access to tokenized real-world assets (RWAs) without abandoning conventional investment operations.

RWA tokenization converts traditional investments like real estate, stocks, and bonds into blockchain-based tokens that can be traded on digital networks while maintaining underlying asset backing. The technology promises increased liquidity, fractional ownership, and 24/7 trading capabilities for traditionally illiquid assets.

Fosun's entry follows its securities arm's successful upgrade to include virtual asset trading services under Hong Kong's regulatory framework, joining over 40 firms that have expanded their licenses to capture digital asset opportunities.

Government Strategy Paying Dividends

The launch validates Hong Kong's strategic push to attract digital finance companies through targeted incentives and regulatory clarity. Finloop relocated to Hong Kong in 2024 with assistance from the Office for Attracting Strategic Enterprises, which has prioritized digital finance as one of five key sectors for economic development.

Peter Yan King-shun, director-general of OASES, highlighted how "leading players in the industry expanding their presence in Hong Kong could inject fresh ideas into the city's asset tokenization and foster ecosystem development," China Daily reported.

The government's approach appears to be working, with multiple mainland Chinese firms and global giants announcing Hong Kong expansion plans. E-commerce group JD and Standard Chartered Bank have both signaled intentions to apply for stablecoin issuer licenses under Hong Kong's forthcoming Stablecoins Ordinance.

Market Timing and Competitive Positioning

Fosun's platform launch coincides with the Hong Kong government's second policy statement on digital assets released in June, which emphasized expanding tokenized product offerings and establishing the city as a global innovation center.

Cai positioned the move as anticipating an inevitable shift, stating that "traditional financial assets are likely to move onto blockchain gradually, and securities tokenization is expected to become an irreversible trend."

The company plans strategic partnerships with stablecoin issuers, RWA investment banks, and cryptocurrency exchanges to build a comprehensive ecosystem around its platform. This integrated approach aims to capture value across the entire tokenization process from issuance to trading and custody.

For Hong Kong, the influx of mainland capital and expertise in digital asset infrastructure represents validation of its regulatory approach and competitive positioning against Singapore and other Asian financial centers vying for digital finance leadership.