Major Hong Kong Property Firm to Seek Regulatory Approval for Tokenized Real Estate

12 Jun 2019

Major Hong Kong Property Firm to Seek Regulatory Approval for Tokenized Real Estate

Family-owned property firm Stan Group — which represents the assets of “shop king” real estate scion Tang Shing-bor — is set to meet with Hong Kong’s securities watchdog in January 2020 to seek approval for the sale of tokenized real estate assets. Hong Kong English-language newspaper South China Morning Post (SCMP) reported the news on June 12.

Stan Group is reported to have a real estate portfolio estimated at over HK$50 billion ($6.38 billion).

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