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Hong Kong Shan Gao Holdings has issued 40 million USD in encrypted corporate bonds.
According to Securities Times, the Hong Kong-listed company, Shangao Holdings, has announced the issuance of corporate bonds with a total value of 40 million US dollars.
The product is deployed on HashKey Chain and is intended to run a sprint to build "AI computing power + data assets". In the future, the company's high-quality physical assets will also be "tokenized". It is known that this encrypted corporate bond is the first encrypted corporate bond product in Hong Kong.