Huanghuali Trees to Digital Assets: A New Investment Trend

On the tropical island of Hainan, China, Huanghuali rosewood trees are being transformed into digital assets, marking a potential revolution in the forestry industry. Geely Technology Group plans to raise $13 million by tokenizing these trees, with each trees value divided into several tradable tokens. This trend extends beyond trees, with Chinese goods like fine teas and baijiu liquor also being converted into digital assets. Despite mainland Chinas concerns, this movement is gaining traction in Hong Kong, creating new investment opportunities.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.