Value Convergence (HKG:0821) said it agreed to form a joint venture with two Chinese firms with the view of tapping into the real world asset tokenization market, according to a Hong Kong bourse filing Tuesday.

Shares of the financial firm gained over 2% in morning trade Wednesday.

The company will form a joint venture with Shenzhen Gaoge and Shenzhen Fenglinhui, owning 34% of the firm while the remaining 66% is split equally between the other two.

After formation, the joint venture will become a non-wholly owned unit of Value Convergence and its financial results will be consolidated into the firm's account, the company said.

Each party will contribute capital in the joint venture proportional to their ownership. The amount of registered capital will be 1 million yuan, the company said.

The joint venture will primarily be engaged in the provision of training, professional consulting services, and high-end conferences around RWA.