Peach Tech and Orient HK Partner for Financial Innovation

Web DeskJuly 3, 2024 01:11 PMbusiness
  • Revolutionizing traditional finance with Web3 digital assets integration
  • Tokenizing real-world assets to bridge traditional finance and blockchain
  • Groundbreaking collaboration to advance tokenization of real estate assets
Peach Tech and Orient HK Partner for Financial InnovationImage Credits: Yahoo Finance
Peach Tech and Orient Asset Management (Hong Kong) have partnered to tokenize real-world assets, bridging traditional finance with blockchain technology in Asia.

Peach Tech Limited and Orient Asset Management (Hong Kong) Limited have joined forces in a strategic partnership to revolutionize traditional financial institutions by integrating Web3 digital assets in Hong Kong. This collaboration aims to tokenize real-world assets managed by Orient HK through the Peach Investment Fund (PIF) and Peach Investment Fund Token (PIFT), with Peach Tech offering advisory services and infrastructure support.

This partnership marks a significant milestone for Peach Tech as it paves the way for the tokenization of traditional financial assets, such as real estate. The initiative is designed to foster a more cohesive and innovative financial ecosystem that bridges the gap between traditional finance and blockchain technology in Asia.

Peach Tech Limited is a leading technology company that specializes in linking traditional financial assets with blockchain technology. Their services in the crypto and RWA space include advisory services, real-world asset tokenization, and token issuance.

Orient Asset Management (Hong Kong) Limited, a subsidiary of Orient Securities International Financial Group Co. Ltd, focuses on providing asset management services outside mainland China. The company offers a range of asset management services, including private funds, public funds, investment management accounts, and advisory services.

The collaboration between Peach Tech and Orient HK underscores the commitment of traditional financial institutions to harness blockchain technology and advance the tokenization of real-world assets. This partnership represents a significant step towards integrating traditional finance, centralized finance (CeFi), and decentralized finance (DeFi) sectors.

The partnership between Peach Tech Limited and Orient Asset Management (Hong Kong) Limited signifies a groundbreaking initiative in the financial industry, showcasing the potential of blockchain technology to transform traditional finance. By tokenizing real-world assets, the collaboration aims to create a more innovative and interconnected financial ecosystem in Hong Kong and beyond.

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