According to EXIO Group, the launch of Hong Kong’s first RWA digital token introduces a convertible preferred note model with stablecoin subscriptions to improve on-chain asset ownership and cost efficiency.
Licensed virtual asset exchange EXIO Group announced the launch of Hong Kong’s first real-world asset (RWA) token, $EXCB-25, on Ethereum. The product, issued in partnership with a CITIC Capital trust company, adopts a convertible preferred note structure and supports stablecoin subscriptions. The trust company records asset ownership, aiming to lower issuance costs, improve on-chain verification of ownership, and stabilize asset value. This official announcement highlights a collaborative effort to introduce new mechanisms for tokenized real-world assets.