Hongqiao Group Expands into RWA, Partners with Dongfang Yilin to Build a "Forestry + Finance + Blockchain" Ecosystem

ChainCatcher News, according to Zhitong Finance, Hongqiao Group (08137) announced that after market close on August 8, the company entered into a non-legally binding strategic cooperation memorandum with Dongfang Yilin Industrial Co., Ltd. Dongfang Yilin is a comprehensive digital operator of forestry assets registered in China.

According to the memorandum, the main areas of cooperation between the two parties are as follows: using live Hainan huanghuali trees as the underlying asset, both parties will jointly explore the financialization of valuable forestry assets, promote the industrialization of ecological resources, the capitalization of the ecological industry, the productization of ecological capital, and the marketization of ecological products. They plan to build a green economic closed loop of "valuable forestry industry resources + finance + blockchain" by integrating the latest trends in RWA, stablecoins, and compliant digital currency issuance.

The announcement stated that the Group focuses on a business model in the resource sector and is committed to seeking investment opportunities with resilience and stability. Hainan huanghuali is ranked as the top of the world's five most valuable woods, characterized by its scarcity, growth potential, and high value. The proposed cooperation aligns with the Group's exploration of potential business development models and strategic deployment requirements.