Geely Technology plans to issue Huanghuali RWA tokens in Hong Kong, aiming to raise 100 million yuan

According to reports from the newspaper, Geely Technology Group, a subsidiary of Geely Automobile, plans to convert rare Huanghuali wood into tradable RWA (Real World Asset) tokens.

The company's chief representative in Hainan, Zhao Xiaobao, stated that this move could provide financial support to industries facing cash flow pressures. Geely Technology intends to issue the first batch of tokens in Hong Kong in the coming months, aiming to raise 100 million yuan.