CHINA NEWCITY completes the global issuance of the first phase of ZhongAn Coin "ZA-I"

CHINA NEWCITY (01321.HK) announced that it has successfully completed the global issuance of the first phase of ZhongAn Coin (ZA-I), which is expected to be China's first convertible real-world asset (RWA) product linked to digital currency, achieving deep integration of physical assets and digital currency on a global scale.

The underlying asset for this issuance is the ZhongAn Times Square located in a core area of Zhejiang Province. The company stated that the project's occupancy rate has been stable over the long term, concentrating high-quality tenants, and can provide robust cash flow, with asset on-chain achieved through blockchain technology. The group also announced that it is actively promoting the issuance of the second batch of RWA products linked to mainstream digital currencies