Hang Feng Technology Innovation Co., Ltd., a Cayman Islands holding company ("Hang Feng") providing comprehensive corporate management consulting and asset management services, and Animoca Brands, a global leader in Web3 and digital property rights ("Animoca"), today announced that they entered into a non-binding memorandum of understanding for a strategic partnership to drive the development of Hang Feng's real-world asset ("RWA") tokenization ecosystem. The collaboration will leverage Hang Feng's expertise in asset management and institutional client networks along with Animoca's blockchain capabilities and its on-chain vault marketplace, NUVA, a unified and chain-agnostic vault marketplace ("NUVA"), to distribute the Hang Feng's tokenized RWA.

Under the proposed partnership, the companies expect to create a dedicated vault backed by Hang Feng's RWA on the NUVA platform. The collaboration will focus on accelerating institutional adoption of RWAs by exploring opportunities to tokenize assets managed by Hang Feng and provide its client base with access to NUVA's infrastructure. In addition, the companies plan to co-produce educational content and research to foster market understanding and innovation in the RWA space.

The strategic partnership follows a recent collaboration between Animoca Brands and ProvLabs to launch NUVA. NUVA is an on-chain marketplace that will offer a set of vaults from leading asset issuers, and is expected to play a role in accelerating the integration of RWA products with the wider digital asset ecosystem.

Leo Xu, Chief Executive Officer of Hang Feng, said: "following our listing on Nasdaq and the strategic launch of our new RWA business initiative, this proposed partnership with Animoca will be a key step in our strategy, aiming to redefine the future of asset management through blockchain innovation. We are excited for a collaborate with a global Web3 pioneer to transform interests in our fund-of-funds portfolios into dynamic, tokenized assets. By uniting our institutional expertise and network with Animoca's technological vision, we believe we will be positioned to develop a boarder ecosystem and enhance our market presence. We believe that this proposed collaboration will breathe new life into institutional-grade assets, making them more fluid, inclusive, efficient and aligned with the digital future. "