Hong Kong Property Developer Leverages Blockchain for Real Estate

Asia Blockchain Review
June 17, 2019

Stan Group, a family-owned conglomerate with multiple core businesses based in Hong Kong, announced on June 4th that Tang’s Living Group and GEAR Financial Group are collaborating with startups from The STILE Initiative, Asia’s first investment-backed residential incubation program founded and supported by Stan Group.

STILE Initiative: Incubation Program for Innovative Businesses

Asian real estate outlet Mingtiangdi reported earlier this month that Stan Tang, Chairman of Stan Group and founder of STILE, said the initiative is specifically designed to support entrepreneurial development and innovation in the Asia-Pacific region, as well as encourage engagement between corporations and entrepreneurs.

The initiative is a 4-month residential incubation program that recruits startups specializing in a variety of fields, such as financial services and real estate, offering these firms financial and residential aid and even follow-up funding for some.

Pushing the Digital Property Blockchain Ecosystem

Stan Group’s strategic financial unit, GEAR Financial Group, and Liquefy, an end-to-end security token issuance platform, recently signed an MoU to jointly explore the business opportunities of real estate tokenization.

The project, titled “STAN by Hong Kong,” aims to build a digital real estate ecosystem powered by blockchain technology.

Adrian Lai, CEO of Liquefy, said the partnership represents an opportunity for smart city development in Hong Kong.

“We see our partnership with Stan Group as an incredible opportunity to drive Hong Kong as a whole towards being a smart city with security token ownership and paperless ownership systems. Together, we can change the way many in Hong Kong look at real estate investment as out of reach,” Lai said.

Source: www.mingtiandi.com

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