Latest news with #tokenization
Yahoo
10 hours ago
- Business
- Yahoo
UK Commits to Enabling DLT, Tokenization Work in its Wholesale Strategy
The U.K. government on Tuesday said it intends to enable the wholesale market to identify the best distributed ledger technology (DLT) use cases as well as roll out tokenization solutions. The country wants DLT - the blockchain technology that underpins crypto - to be utilized across different sectors in wholesale financial markets and create cross market groups "to take forward live activity," the country's Treasury said in a policy paper. A part of the plan includes creating a regulatory framework for crypto technology, something which is already underway as the nation sets out to be a crypto hub. The U.K. published draft legislation for the stablecoin issuers and exchanges in April. "For instance, on digital wholesale payments the government and regulators are open to proposals that innovate on existing forms of payment, such as tokenised deposits, and also new innovations such as stablecoins," said Treasury. The government wants to enable the sector to test solutions that tokenize financial assets and help digitize post trade processes. Worldwide, RWA tokenization has grown by 380% in just three years and reached $24 billion this month, according to a first-half 2025 report from RedStone, Gauntlet and U.K. regulators will also test using stablecoins - digital tokens pegged to assets - alongside other payment solutions in the new digital securities sandbox.
Finextra
a day ago
- Business
- Finextra
KN Group and AlloyX partner for tokenisation
In July 2025, Hong Kong fintech company KN Group announced a significant strategic partnership with AlloyX, a prominent Hong Kong-based Web3 financial technology company. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Leveraging AlloyX's on-chain tokenization infrastructure technology, the two parties will jointly launch the industry's first tokenized fund with consumer loans as its underlying assets. This collaboration marks the first tokenization of individual cash loans on-chain, providing broader funding sources for the underlying assets and exploring new possibilities for traditional consumer finance businesses. As a promoter of inclusive finance with business spanning emerging markets including Thailand, the Philippines, Indonesia, Pakistan, and Mexico, KN Group will conduct a shelf offering of USD 100 million in tokenized consumer finance assets (RWA), with an initial issuance size of USD 20 million. AlloyX, a renowned Hong Kong Web3 fintech firm, specializes in bridging traditional finance with blockchain-based services, providing secure and efficient fiat and stablecoin payment solutions alongside asset tokenization services. This powerful alliance will significantly enhance asset liquidity, stability, and capital efficiency, opening new channels for global capital market asset allocation. Lucas Kong, General Manager of KN Group Hong Kong and Global Head of Treasury at KN Group, stated: "This global debut is a major milestone following KN Group's decade of deep cultivation in AI fintech. It successfully bridges traditional financial services with the global capital markets through digital pathways. This initiative explores a replicable path for onboarding traditional consumer financial assets onto the blockchain, granting investors greater transparency, flexibility, and investment efficiency. Through financial asset tokenization, we aim to better serve global investors. Moving forward, we aspire to achieve further breakthroughs in setting new industry standards, unlocking fresh asset value, and connecting global emerging ecosystems, continuing our strides in innovative finance." Under this strategic partnership, AlloyX provides KN Group with blockchain technology solutions and support. Jessie Chen, Head of RWA Issuance at AlloyX, commented: "We are delighted to partner with KN Group to jointly advance the global tokenization of cash loans, accelerating the integration and development of traditional financial systems with next-generation Web3 technology applications. This ensures high-quality financial assets circulate on-chain in a compliant and transparent manner. AlloyX will continue collaborating with industry partners to support institutions in their standardized, modularized, and globalized blockchain-based business expansion." As a key enterprise introduced by the Hong Kong Office for Attracting Strategic Enterprises (OASES), KN Group will leverage this innovation as a starting point. It will continue to harness its strengths in AI-powered risk control technology, optimize asset management, expand into emerging markets, and lead the global digital development of inclusive finance.
Malay Mail
2 days ago
- Business
- Malay Mail
KN Group and AlloyX Form Strategic Partnership, Launching World's First On-Chain Tokenized Consumer Loan Assets
HONG KONG SAR - Media OutReach Newswire - 15 July 2025 - In July 2025, Hong Kong fintech company KN Group announced a significant strategic partnership with AlloyX, a prominent Hong Kong-based Web3 financial technology company. Leveraging AlloyX's on-chain tokenization infrastructure technology, the two parties will jointly launch the industry's first tokenized fund with consumer loans as its underlying assets. This collaboration marks the first tokenization of individual cash loans on-chain, providing broader funding sources for the underlying assets and exploring new possibilities for traditional consumer finance a promoter of inclusive finance with business spanning emerging markets including Thailand, the Philippines, Indonesia, Pakistan, and Mexico, KN Group will conduct a shelf offering of USD 100 million in tokenized consumer finance assets (RWA), with an initial issuance size of USD 20 million. AlloyX, a renowned Hong Kong Web3 fintech firm, specializes in bridging traditional finance with blockchain-based services, providing secure and efficient fiat and stablecoin payment solutions alongside asset tokenization services. This powerful alliance will significantly enhance asset liquidity, stability, and capital efficiency, opening new channels for global capital market asset Kong, General Manager of KN Group Hong Kong and Global Head of Treasury at KN Group, stated: "This global debut is a major milestone following KN Group's decade of deep cultivation in AI fintech. It successfully bridges traditional financial services with the global capital markets through digital pathways. This initiative explores a replicable path for onboarding traditional consumer financial assets onto the blockchain, granting investors greater transparency, flexibility, and investment efficiency. Through financial asset tokenization, we aim to better serve global investors. Moving forward, we aspire to achieve further breakthroughs in setting new industry standards, unlocking fresh asset value, and connecting global emerging ecosystems, continuing our strides in innovative finance."Under this strategic partnership, AlloyX provides KN Group with blockchain technology solutions and support. Jessie Chen, Head of RWA Issuance at AlloyX, commented: "We are delighted to partner with KN Group to jointly advance the global tokenization of cash loans, accelerating the integration and development of traditional financial systems with next-generation Web3 technology applications. This ensures high-quality financial assets circulate on-chain in a compliant and transparent manner. AlloyX will continue collaborating with industry partners to support institutions in their standardized, modularized, and globalized blockchain-based business expansion."As a key enterprise introduced by the Hong Kong Office for Attracting Strategic Enterprises (OASES), KN Group will leverage this innovation as a starting point. It will continue to harness its strengths in AI-powered risk control technology, optimize asset management, expand into emerging markets, and lead the global digital development of inclusive #FintechInnovation #Blockchain #RWATokenization #DeFi #Web3 #DigitalAssets #FinancialInclusion #KNGroup Wechat: KN Group The issuer is solely responsible for the content of this announcement. KN Group Established in 2014, KN Group is a financial technology company with a core focus on artificial intelligence and big data. Its vision is to make financial services more accessible, convenient, and fair. Leveraging AI technology, KN Group has developed comprehensive assessment models to effectively evaluate customer credit risks, gain deeper insights into customer needs better through extensive infrastructure, provide more personalized services, and identify and manage risks more efficiently. KN Group is one of the strategic enterprises introduced under the Hong Kong Office for Attracting Strategic Enterprises (OASES). Its business now spans multiple regions, including Thailand, the Philippines, Indonesia, Pakistan, and Mexico.
Zawya
2 days ago
- Business
- Zawya
KN Group and AlloyX Form Strategic Partnership, Launching World's First On-Chain Tokenized Consumer Loan Assets
HONG KONG SAR - Media OutReach Newswire - 15 July 2025 - In July 2025, Hong Kong fintech company KN Group announced a significant strategic partnership with AlloyX, a prominent Hong Kong-based Web3 financial technology company. Leveraging AlloyX's on-chain tokenization infrastructure technology, the two parties will jointly launch the industry's first tokenized fund with consumer loans as its underlying assets. This collaboration marks the first tokenization of individual cash loans on-chain, providing broader funding sources for the underlying assets and exploring new possibilities for traditional consumer finance businesses. As a promoter of inclusive finance with business spanning emerging markets including Thailand, the Philippines, Indonesia, Pakistan, and Mexico, KN Group will conduct a shelf offering of USD 100 million in tokenized consumer finance assets (RWA), with an initial issuance size of USD 20 million. AlloyX, a renowned Hong Kong Web3 fintech firm, specializes in bridging traditional finance with blockchain-based services, providing secure and efficient fiat and stablecoin payment solutions alongside asset tokenization services. This powerful alliance will significantly enhance asset liquidity, stability, and capital efficiency, opening new channels for global capital market asset allocation. Lucas Kong, General Manager of KN Group Hong Kong and Global Head of Treasury at KN Group, stated: "This global debut is a major milestone following KN Group's decade of deep cultivation in AI fintech. It successfully bridges traditional financial services with the global capital markets through digital pathways. This initiative explores a replicable path for onboarding traditional consumer financial assets onto the blockchain, granting investors greater transparency, flexibility, and investment efficiency. Through financial asset tokenization, we aim to better serve global investors. Moving forward, we aspire to achieve further breakthroughs in setting new industry standards, unlocking fresh asset value, and connecting global emerging ecosystems, continuing our strides in innovative finance." Under this strategic partnership, AlloyX provides KN Group with blockchain technology solutions and support. Jessie Chen, Head of RWA Issuance at AlloyX, commented: "We are delighted to partner with KN Group to jointly advance the global tokenization of cash loans, accelerating the integration and development of traditional financial systems with next-generation Web3 technology applications. This ensures high-quality financial assets circulate on-chain in a compliant and transparent manner. AlloyX will continue collaborating with industry partners to support institutions in their standardized, modularized, and globalized blockchain-based business expansion." As a key enterprise introduced by the Hong Kong Office for Attracting Strategic Enterprises (OASES), KN Group will leverage this innovation as a starting point. It will continue to harness its strengths in AI-powered risk control technology, optimize asset management, expand into emerging markets, and lead the global digital development of inclusive finance. Hashtag: #FintechInnovation #Blockchain #RWATokenization #DeFi #Web3 #DigitalAssets #FinancialInclusion #KNGroup Wechat: KN Group The issuer is solely responsible for the content of this announcement. KN Group Established in 2014, KN Group is a financial technology company with a core focus on artificial intelligence and big data. Its vision is to make financial services more accessible, convenient, and fair. Leveraging AI technology, KN Group has developed comprehensive assessment models to effectively evaluate customer credit risks, gain deeper insights into customer needs better through extensive infrastructure, provide more personalized services, and identify and manage risks more efficiently. KN Group is one of the strategic enterprises introduced under the Hong Kong Office for Attracting Strategic Enterprises (OASES). Its business now spans multiple regions, including Thailand, the Philippines, Indonesia, Pakistan, and Mexico. KN Group
Yahoo
2 days ago
- Business
- Yahoo
Superstate CEO Robert Leshner Buys Majority Stake in 'Shady' Liquor Vendor With BTC Strategy
Robert Leshner, CEO and co-founder of tokenization firm Superstate, said he bought a majority stake in publicly listed e-commerce liquor retailer LQR House (YHC), planning to overhaul the embattled company. Leshner purchased a 56.9% controlling stake in the firm for $2.03 million, according to a document filed to the SEC. The move sent shares of LQR up as much as 45% during Monday trading. LQR House runs an online seller of a range of premium liquor products. In November, the firm embraced bitcoin BTC as a treasury asset, approving an up-to $1 million BTC allocation and enabling crypto payments on its platform. In a post on X, Leshner said he hasn't conducted "extensive diligence" on the company, which he described as having a "somewhat shady history." The firm's share price plummeted over 90% since March. Still, his intent is clear: Clean house and overhaul the business. According to the SEC filing, Leshner plans to remove all current directors and install a new board to pursue "strategic alternatives" and "explore the potential for strategic transactions." "There are signs the company is up to no good," Leshner said in his post. "I will sort them out, but please be extremely careful with any low market cap companies. "I may lose all my investment and you might too," he added. It was not immediately clear whether Leshner has any plans for digital assets in his turnaround plans. However, the acquisition fits into a growing trend of prominent figures in crypto circles taking the helm of publicly traded firms. Joseph Lubin, Ethereum ETH co-founder and CEO of development firm Consensys, became chairman of Sharplink Gaming (SBET) when that company pivoted to an ETH treasury strategy. Thomas Lee, head of research at Fundstrat and well-known Wall Street commentator, joined BitMine Immersion Technology (BMNR) as chairman to spearhead the firm's crypto treasury plans. Leshner was a founder of early decentralized finance (DeFi) lending protocol Compound COMP before focusing on asset tokenization with Superstate. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
