Fosun Wealth Holdings, a company based in Hong Kong, has launched the tokenization of Sisram Medical’s shares, an Israeli firm listed on the Hong Kong Stock Exchange. These tokenized shares, valued at approximately $328 million, were created using platforms such as Vaulta, Solana, Ethereum, and Sonic.
The initiative is part of the firm’s intention to support Hong Kong’s goal of becoming a major hub for cryptocurrency and blockchain technology.
This development also marks the launch of Asia’s first “Hong Kong Stock Performance Linked Token” with multichain support, according to an announcement made on Tuesday. Fosun issued and managed the tokens using Vaulta’s “Banking OS” system and Solana.
A spokesperson for Fosun Wealth Holdings stated, “Through Vaulta and Solana, we can expand access to our portfolio, offering investors new levels of transparency, efficiency, and inclusivity.”
Sisram Medical’s Shares Tokenized as Fosun Eyes More Blockchain Assets
Sisram Medical trades under the ticker (1696, HK) and is the first company to have its shares tokenized in this project. Fosun plans to tokenize more bonds and shares later, but has not shared details about which companies or when.
As of Tuesday, the total value of RWAs stood at $27.9 billion, marking a 7.4% rise from the prior month, based on data from RWA.xyz. Further, Yves La Rose, CEO of Vaulta Foundation, said that, “Vaulta is purpose-built to support this transition, providing the infrastructure for institutions to issue, manage, and scale real-world assets On-Chain. This launch shows where the future of capital markets is heading.”
The firm aims to join the trend of putting traditional assets on blockchain networks for easier trading and access. If Fosun’s project succeeds, it could encourage more companies in Asia to tokenize assets.
Also Read: Fosun Eyes Stablecoin License Under Hong Kong’s New Rules
