Chinese developer Xincheng Group plans to raise funds through tokenized debt financing

According to Jinse Finance, Bloomberg reported that Chinese developer Seazen Group Limited plans to issue tokenized private bonds by the end of the year, marking its entry into Hong Kong's digital asset sector. The company announced its strategy to explore such assets on Friday. Seazen expects to establish a digital asset management division by the end of the year and launch non-fungible token products related to its Wuyue Plaza investment properties.