China Supply Chain Holdings Limited (3708.HK), Monday announced a strategic cooperation framework agreement with Gold Energy Co., an Australian mining enterprise, regarding gold digital assets.
Through the establishment of a regular supply chain, the companies intend to build mutual trust and develop a high level of recognition of each other's asset quality and compliance in operations.
Under this framework, the companies will jointly develop real world assets or RWA digital assets backed by physical gold and launch the first-phase project called 'HUG Token'.
The company's stock closed at HKD 0.039, up 2.632 percent on the Hong Kong Stock Exchange.
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