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Hong Kong launched its first regulated silver-backed token on a blockchain, each representing one ounce of physical silver.
HashKey Chain, a Hong Kong-based blockchain, has enabled the on-chain issuance of the city’s first regulated silver-backed real-world asset tokens.
Each token represents one troy ounce of .9999 fine silver stored in secure vaults, backed by Timeless Resources and Silver Times.
The project, coordinated by SFC-licensed Eddid Securities, operates on an Ethereum Layer-2 network for low-cost, transparent transactions.
It marks a milestone in regulated tokenization of physical commodities, driven by demand from sectors like AI and clean energy.
HashKey Group plans to expand the platform to include bonds, stablecoins, and AI-integrated data applications.
Hong Kong lanzó su primer token regulado respaldado por plata en una cadena de bloques, cada uno representa una onza de plata física.