Hong Kong-listed company Qidian Guofeng announced that its Baijiu (raw liquor) tokenization RWA has been issued on the ADG platform.

China Qidian Guofeng Holdings Limited (stock code: 1280), a Hong Kong-listed company, announced that its baijiu (white liquor) puree and shareholder shares have been used as the underlying assets for a real-world asset (RWA) product. The product has been officially issued on ADG, a decentralized RWA issuance and management platform deployed on Binance Chain. The initial planned issuance size is HK$500 million, with HK$100 million allocated in the first phase. The company stated that the tokenization of RWA will help promote baijiu culture globally and lay the foundation for the integration of technology, finance, and industry.