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Tianshi Resources will issue silver tokens, pioneering the tokenization of physical assets in Hong Kong.
On August 22, according to an announcement from the Hong Kong Stock Exchange, the Hong Kong listed company Times Resources (08028.HK) announced that it will cooperate with a certain securities and futures company to issue digital tokens backed by physical silver assets (silver tokens), promoting Hong Kong's first silver tokenization of real-world assets (RWA) project. The parent company of the securities and futures company will assist the product issuer in obtaining all necessary approvals from the regulatory authorities (if any) before launching the silver tokens.