GEAR Financial Group, Stan Group's strategic partner providing financial investment and asset management service, and Liquefy, an end-to-end security token issuance platform with blockchain technology, signed a MoU to jointly explore the business opportunities of real estate tokenization.

The project, titled "STAN by Hong Kong", aimsto build the digital real estate ecosystem 2.0 with the power of the emergingblockchain technology. Stan Group and GEAR Financial Group are to explore thecollaboration with Liquefy in bringing real estate tokenization in Hong Kong. Themutual goal is to develop a real estate exchange that allows Hong Kongindividuals gain access to a diverse range of tokenized properties owned byStan Group and external parties, ushering Hong Kong in a new era of digitizedreal estate.

"The STILE Initiative is designed to support entrepreneurial development andinnovation in Asia Pacific, serving as the catalyst for the flourishing ofcommercial ecosystem development." Mr. Stan Tang, Chairman of Stan Group andFounder of The STILE Initiative, said, "In taking this bold first step towardsthe future of the real estate sector in Hong Kong, we envision far betteraccess and greater liquidity in the real estate market due to the fractional ownershipthat will be attained with tokenization and our real estate exchange underdevelopment."

Liquefy is a Hong Kong based, securitytoken issuance platform based on blockchain technology, that works with issuersto tokenize a variety of asset classes, with real estate being a key focus, torealize the value of tokenization.

 "Wesee our partnership with Stan Group as an incredible opportunity to drive HongKong as a whole towards being a smart city with security token ownership and paperlessownership systems." Mr. Adrian Lai, CEO of Liquefy, said, "Real estate is seenas a key sector where tokenization can drive investment. We are confident thatwe can initiate a paradigm shift in the Hong Kong real estate sector throughSTAN by Hong Kong."