Chinese Builder Seazen Plans to Raise Funds From Tokenized Debt

Chinese builder Seazen Group Ltd. plans to issue tokenized private debt by the end of the year, as part of its foray into the Hong Kong government’s favored digital asset space.

The Shanghai-based developer, one of the few to avoid default during the country’s prolonged property crisis, unveiled its strategy to explore such assets on Friday. It expects to establish a digital asset management unit and launch non-fungible token products related to its Wuyue Plaza investment properties by the end of the year.

“Having developed for 32 years, the group has accumulated substantial capital reserves and has conducted preliminary exploration ...