SY Holdings (06069) announced that following its voluntary announcement on August 21, 2025, regarding the official launch of its global expansion and the creation of a new "International Supply Chain Technology Platform" driven by artificial intelligence (AI) technology, the company's board of directors is pleased to further announce that on August 27, 2025, the Group successfully completed the issuance of Asia-Pacific's first supply chain asset RWA (Real World Assets) tokenization project on HashKey Chain, an Ethereum Layer-2 blockchain under Asia's digital asset financial services group HashKey Group.

The RWA tokenization project established a shelf facility equivalent to USD 100 million, linked to the real returns of high-quality supply chain assets covering multiple industry sectors including e-commerce within SY Holdings' international supply chain technology platform, and received active subscriptions from international investors.

The RWA tokenization project will be issued in phases through innovative formats including multi-currency and open stablecoin settlement, encompassing various products including but not limited to supply chain revenue rights tokenization and tokenized supply chain lending.

In this RWA tokenization project, HashKey Chain serves as a compliance-friendly blockchain infrastructure, providing the Group with a secure, stable, and composable technical foundation. Leveraging its leading advantages in smart contract standards and modular deployment, it supports the registration, connection, reconciliation, and circulation of supply chain physical assets on the Group's technology platform on-chain, ensuring efficient transfer and traceability of such assets between "off-chain and on-chain" throughout the entire process.

Meanwhile, HashKey NexaToken under HashKey Group provides crucial on-chain technical support for this RWA tokenization project. HashKey NexaToken specializes in providing efficient and secure tokenization services for traditional financial assets. With its optimized user experience, high-performance low-cost design, rapid deployment capabilities, and high security, it flexibly adapts to the diversified scenario requirements of SY Holdings' supply chain assets, facilitating the rapid implementation of this RWA tokenization project and achieving efficient circulation of on-chain assets.

The successful implementation of the RWA tokenization project resonates with the Group's global expansion and the creation of an "AI + International Supply Chain Technology Platform" deployment, accelerating the transformation of "certainty of real assets" into "configurability of on-chain value." Its core significance lies not only in the successful attempt of the first RWA tokenization project, but also in validating the compliance and replicability of the entire RWA tokenization process related to supply chain assets, laying the foundation for subsequent large-scale on-chain migration of more high-quality international supply chain assets through SY Holdings' supply chain technology platform and deep connection with Web3.0 ecosystem funds.

Moving forward, both parties will actively explore and establish compliant connection pathways between supply chain physical assets and global capital, promoting standardized and large-scale circulation of asset value on-chain, providing global investors with safe, transparent, and innovative digital asset investment channels.

RWA tokenization can be organically combined with innovative stablecoin applications through institutional design, thereby alleviating inherent problems in traditional transactions such as unclear property attribution, insufficient asset liquidity, high transaction circulation costs, and high investment thresholds. It is gradually becoming an important driving force for promoting efficient allocation of global capital and digital assets.

On the other hand, as the core payment method for on-chain trading, settlement, and revenue distribution, the organic combination of stablecoins and RWA tokenization not only provides a reliable value anchoring foundation for asset tokenization, but also plays an important role in international payments, real-time settlement, and liquidity allocation, significantly reducing transaction friction and exchange rate risks.

As an important component of the "rebuilding another SY Holdings" global expansion, the innovative application of RWA tokenization and stablecoins will significantly enhance the Group's international supply chain technology platform's asset-light operation capabilities and efficiency. High-quality international supply chain assets within the technology platform can be transformed into standardized, divisible, and traceable digital assets on-chain, both opening efficient on-chain financing channels for SME customers and constructing transparent, trustworthy, and traceable value carriers for assets that are difficult to access international capital markets under traditional models, significantly enhancing the attractiveness of SME supply chain assets to global institutions and Web3.0 ecosystem investors.

Based on this, the Group is expected to further revitalize low-liquidity assets in global supply chains, maximize the "fast, efficient, cost-effective" experience of international supply chain capital turnover, and provide compliant, efficient, and trustworthy digital asset allocation channels for global investors.

The board believes that partnering with HashKey Chain to facilitate Asia-Pacific's first supply chain asset RWA project attempt will jointly promote the global supply chain asset tokenization process and accelerate the integrated application of traditional supply chain assets with Web3.0 technology.

In the future, the Group will be committed to effectively extending its years of accumulated supply chain asset digitization and intelligent full-cycle management capabilities to the Web3.0 field, breaking through traditional RWA projects' reliance on credit enhancement from issuers, filling the Web3.0 ecosystem's gap in connecting underlying asset transaction information, and opening new windows for global investors to participate in allocating trustworthy supply chain physical assets.

Only by completely mapping real, sustainable, and verifiable supply chain physical assets onto the blockchain can digital assets better serve SMEs in global industrial supply chains. The Group will also partner with more industrial ecosystem partners in the future to jointly build an open, compliant, and win-win Web3.0 ecosystem, enhancing the resilience of physical industries through digital technology and creating more sustainable value for SMEs and global investors.