Hong Kong Fosun to tokenize $328 million worth of medical company stocks

ChainCatcher news, according to The Block, Hong Kong-based Fosun Wealth Holdings has launched tokenized stocks of Israel-based Sisram Medical, a company listed on the Hong Kong Stock Exchange, with a market capitalization of approximately $328 million. These stocks have been issued through Vaulta, Solana, Ethereum, and Sonic platforms.

The company stated that the program utilizes Vaulta's "Banking OS" and incorporates Solana into its technology architecture for the issuance and settlement of stocks. Sisram Medical is an Israeli medical technology company with the stock code 1696.HK, and is the first stock included in this program. Fosun also plans to tokenize more corporate bonds and stocks in the future, but has not yet specified which companies or the timeline involved.