Hong Kong acquires first tokenized real estate fund, China launches three-year Metaverse development plan

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    (Kitco News) – China aims to promote the development of the domestic Metaverse industry as companies aim to integrate next-generation information technologies such as artificial intelligence, blockchain, cloud computing, and virtual reality into the Metaverse. officially launched its three-year action plan.

    according to report According to the South China Morning Post, a policy document published on Friday by five Chinese ministries, including the Ministry of Industry and Information Technology (MIIT), by 2025, China will develop “three to five industrial clusters” centered on these technologies. He said his goal is to build a Focused on “Breakthrough Applications and Governance”.

    The plan includes five main challenges for domestic enterprises. Creating a 3D interactive industrial metaverse. Designing immersive and interactive digital life applications. Establishment of a comprehensive industrial support system. Implement a secure and reliable industrial governance framework.

    According to the plan, China is considering integrating Metaverse development into various aspects of its economy, including the consumer electronics, automobile, and aerospace industries. Manufacturing industries such as steel and textiles can also use this technology to optimize schedules, perform material calculations, and expedite other parts of the production process.

    The plan defines the metaverse as an immersive, interconnected space where the digital and physical worlds merge and their respective economies merge. The report states that the Metaverse is expected to lead the development of next-generation internet technologies, aiming to accelerate the intelligent and green modernization of the manufacturing sector and help build modern industrial systems. He emphasizes that.

    Ultimately, China aims to create a broad metaverse for industrial use that will help drive new growth and manufacturing, the document said. The plan aims to “capture the opportunity of the global acceleration of the Metaverse industry, which has the potential to lead the next generation of Internet development and accelerate the upgrade of manufacturing to become more advanced, intelligent and environmentally friendly.” It was held on. ”

    Over time, this plan will make significant progress in core metaverse technologies such as data flow, content generation, digital twins, and perception and interaction, establishing China as the world’s leading metaverse industrial ecosystem and building a sustainable industry. We aim to build a development environment.

    Tokenization of real estate in Hong Kong

    As the trend of tokenization gradually gains momentum in the global financial world, Hong Kong-based investment firm Taiji Capital has launched a Security Token Offering (STO) for a real estate fund that allocates dedicated tokens to professional investors. It became the first company in the region to raise

    According to local media report, Taiji Capital has launched the closed-end STO PRINCE fund through its Pioneer Asset Management subsidiary. The fund’s goal is to raise HK$100 million to acquire ownership of a group of five interconnected stores located along Prince Edward Road West in Kowloon, which are located on a block It will be tokenized, tracked, and traded on-chain.

    To provide 24-hour trading functionality and reduce financial costs, Taiji Capital plans to list PRINCE tokens on its crypto asset trading platform, HKbitEX, subject to regulatory approval.

    Zhang Zhongyu, vice president of capital markets and asset management business at Taiji Capital, said STOs are a great way to save money for real estate developers and owners compared to traditional financing methods such as bank loans with interest rates as high as 5%. He said procurement costs are low.

    Investors need a minimum amount of HK$1,000 to participate in the fund, which entitles them to benefits such as rental income and property value appreciation. Annual dividends are distributed among investors based on rental income from stores less related costs. Currently, stores with similar rents along Prince Edward Road are yielding between 2% and 3%.

    Disclaimer: The views expressed in this article are those of the author and may not reflect the views of the author. Kitoko Metals Co., Ltd. The author has made every effort to ensure the accuracy of the information provided. However, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation for the exchange of products, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept liability for losses and/or damages arising from the use of this publication.


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