Addentax Group Corp. Enters Strategic Cooperation Discussions with KINGS UNITED to Advance Web3.0 and RWA Initiatives

Reuters
Oct 14
Addentax Group Corp. Enters Strategic Cooperation Discussions with KINGS UNITED to Advance Web3.0 and RWA Initiatives

Addentax Group Corp. (Nasdaq: ATXG) has announced that it is in discussions with KINGS UNITED HOLDING LIMITED regarding a potential strategic cooperation. The proposed collaboration aims to integrate Web3.0 payment infrastructure and Real-World Asset (RWA) enablement within ATXG's supply-chain and settlement ecosystem. Both parties are evaluating a structured proposal that could involve the establishment of a Hong Kong-licensed trust vehicle and the potential transfer of up to 100 million KINGS native tokens, valued at approximately USD 10 million. The initiative is intended to enhance ATXG's capabilities in tokenized settlement, improve transparency in international payment flows, and expand digital monetization channels.

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