Chow Tai Fook founder Cheng Sun established ALMAD Group to explore investments in digital assets, RWA, and other fields

ChainCatcher news, according to reports from the Hong Kong Economic Journal, Zheng Zhigang, the grandson of the late founder of Chow Tai Fook and former CEO of New World Development, has gradually stepped down from multiple family business positions since last year and has now announced the establishment of ALMAD Group.

This comprehensive enterprise group will focus on Web 3 financial innovation, exploring investments in areas such as digital assets and the tokenization of real-world assets (RWA), and will also investigate applications of blockchain technology and immersive digital experiences across different industries.