China New City Signs Strategic Memo with HashKey Exchange for Virtual Asset Management

Hongqiao Group, a Hong Kong-listed firm, partners with Eastern Yilin to develop an integrated forestry, finance, and blockchain ecosystem, marking its entry into the RWA market space.

Summary

Hongqiao Group announced a non-binding strategic memorandum signed on August 8, 2025 with Eastern Yilin, a forestry asset digitization operator, to jointly develop an integrated 'Forestry + Finance + Blockchain' ecosystem. This initiative marks the company's entry into the real-world asset (RWA) space, targeting enhanced applications in the forestry sector.

Terms & Concepts
  • Blockchain: A decentralized digital ledger technology enabling secure and transparent transactions.
  • RWA: Real-World Assets that represent tangible assets digitized for integration with blockchain platforms.