New City Development to Establish Digital Asset Research Institute

According to Foresight News, Hong Kong-listed company New City Development (stock code 1030) has announced the establishment of a Digital Asset Research Institute today. The initiative aims to integrate the company's existing business expertise with Real World Asset (RWA) tokenization technology to advance its strategic layout in RWA applications. The company plans to bring in external experts in blockchain, digital finance, and compliance to address specific areas of expertise. This includes legal advisors to comprehensively assess domestic and international legal issues related to RWA, professional consultants to evaluate financial and tax matters, and technical suppliers to optimize technological solutions. Additionally, New City Development intends to maintain communication with regulatory authorities.