Fosun Hong Kong tokenizes healthcare company stocks with a market value of US$328 million

Hong Kong-based Fosun Wealth Holdings has launched tokenized shares of Israeli medical company Sisram Medical, Golden Finance reported. The company is listed on the Hong Kong Stock Exchange, which is also in line with Hong Kong's strategy to build a cryptocurrency and blockchain hub. The stocks represent a market capitalization of about $328 million and have been deployed through Vaulta, Solana, Ethereum and Sonic, according to a statement released on Tuesday. The company said the plan took advantage of Vaulta's "BankingOS" and integrated Solana into its technology stack for issuance and settlement. SisramMedical is an Israeli medical technology company with the stock code 1696.HK, and is the first equity asset introduced under the tokenization program. Fosun also plans to further tokenize corporate bonds and stocks in the future, but has not disclosed the specific companies or timetables involved.