Fosun Tokenizes Medical Company Shares in Hong Kong

Fosun Wealth Holdings, based in Hong Kong, has launched tokenized shares for Sisram Medical, an Israeli firm listed on the Hong Kong Stock Exchange. This move aligns with the region’s goal to become a leading hub for cryptocurrency and blockchain technology. The shares represent a market value of about $328 million and were issued through Vaulta, incorporating both Solana and Ethereum technologies for the issuance and settlement processes. This initiative marks the first equity tokenization under Fosun’s new program. The company plans to extend tokenization to additional corporate bonds and shares but has not disclosed specific companies or timelines for these future plans. A spokesperson from Fosun stated, “The tokenization of Fosun’s listed companies demonstrates our dedication to financial innovation and digital transformation. By leveraging Vaulta and Solana, we enhance access to our portfolio and provide investors with improved transparency, efficiency, and inclusivity.” This launch comes amidst a growing trend for the tokenization of real-world assets (RWA), which has surged to a total value of $27.9 billion, marking a 7.4% increase from the previous month, as reported by RWA.xyzdata.