According to Foresight News, a Hong Kong real estate tycoon and Chow Tai Fook family wealth heir, Zheng Zhigang's listed company, Yu Cheng Kejin, plans to integrate tokenized funds and digital Hong Kong dollars (HKD) on a single platform. Liu Furong, the co-CEO of Yu Cheng Kejin, stated that the company currently holds a Hong Kong Securities and Futures Commission (SFC) Type 9 license, which allows them to provide asset management services. In the future, they plan to venture into more funds, security token offerings (STOs), and financial products.
Foresight News previously reported on November 2 that Yu Cheng Kejin collaborated with Chainlink Labs to develop cross-chain fund tokens.