SYNAGISTICS (02562) Shareholder Transfers Shares from UBS to Citibank with Transfer Value of HK$562 Million

Stock News
Aug 26

According to the latest data from the Hong Kong Stock Exchange, on August 25, a shareholder of SYNAGISTICS (02562) transferred shares from UBS (Hong Kong) to Citibank, with a transfer market value of HK$562 million, representing 6.77% of the company's shares.

On July 28, SYNAGISTICS announced the creation of a new flagship business unit, launching Synagistics Digital Finance Group (SDFG). This initiative aims to develop solutions for multi-currency, interoperable stablecoins and Real-World Assets (RWA) tokenization, and to facilitate development and adoption across Asia upon obtaining regulatory and licensing approvals.

Through SDFG, SYNAGISTICS aims to bridge traditional financial systems with blockchain-based infrastructure by providing compliant tokenization of real-world assets, including trade receivables, inventory, and even future cash flows. When these tokenized assets are paired with interoperable multi-currency stablecoins (pegged to currencies such as Hong Kong Dollar, offshore Renminbi, Singapore Dollar, and other applicable fiat currencies), they enable efficient, programmable settlement, enhanced liquidity, and seamless interoperability across decentralized financial systems.

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