Hong Kong Stock Movement | GOFINTECH QUANT (00290) Surges Nearly 6% in Afternoon Trading Following Additional Investment in RTree, Further Strategic Bet on RWA Sector

Stock News
Aug 14

GOFINTECH QUANT (00290) surged nearly 6% in afternoon trading. As of press time, the stock was up 4.55% to HK$1.61, with turnover reaching HK$13.7745 million.

On the news front, GOFINTECH QUANT recently announced that the company has made an additional investment in RTree, an RWA platform technology company, to further its strategic positioning in the RWA sector and strengthen its layout at core nodes in the compliant digital asset track while enhancing the completeness of its digital asset full-chain closed-loop ecosystem.

According to the announcement, RTree is a rapidly growing RWA technology company whose business is positioned to develop real-world asset tokenization services based on decentralized token platforms, enabling the on-chain issuance and circulation of physical assets such as artworks and bonds, thereby opening new circulation channels for underlying assets.

The announcement also mentioned that GOFINTECH QUANT may plan to tokenize high-value artworks, trade receivables, letters of credit, and other supply chain assets from the company's own assets as underlying assets in the future, thereby improving the quick ratio, revitalizing assets, and enhancing return on capital.

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