Retail investors in Hong Kong can invest! ByteDance's equity has rarely been "on-chain"; what is going on?

Hong Kong listed company Derlin Holdings (1709.HK) invested approximately 5.7 million USD to layout private sale RWA tokenization, indirectly holding equity in star companies such as ByteDance (valued at 315 billion USD). This financial inclusion initiative, benchmarked against Robinhood, will transform the equity of billion-dollar tech giants into divisible and tradable digital rights through blockchain technology, fundamentally breaking down barriers for retail investors.

What is RWA tokenization? Derlin tears open the trillion-dollar private sale market liquidity gap

RWA (Real World Assets) tokenization is a revolutionary application of Blockchain technology that transforms physical assets into on-chain digital rights. Derlin Holdings' latest deployment precisely targets global star enterprises, with an investment portfolio that includes:

1. ByteDance

Investment amount: 2 million USD (approximately 15.6 million HKD)

Implied valuation: $315 billion

Core asset: TikTok has over 1.9 billion monthly active users.

Technical advantages: Continuous innovation in the fields of artificial intelligence and digital content.

2. eSelf AI：

Investment Amount: 700,000 USD (approximately 5.46 million HKD)

Implied valuation: 21 million USD

Technical Direction: AI Video Assistant and Digital Twin Technology

Application scenarios: intelligent solutions for industries such as education and finance.

Derlin Holdings indirectly holds equity in technology giants through an SPV (Special Purpose Vehicle) structure, and then performs tokenization on the SPV. This model references Robinhood's innovative practice of tokenizing OpenAI, transforming high-threshold private sale investments into divisible and tradable digital rights.

Benchmarking Robinhood: A Financial Inclusion Revolution Breaking Investment Barriers

· Robinhood's Tokenization Precedent

Robinhood has recently tokenized the private sale investments of OpenAI and SpaceX, and launched approximately 200 stock (equity) tokenization products from various companies, successfully breaking traditional investment barriers. This model validates the immense potential of asset tokenization.

· Derlin "Asia's Robinhood" positioning

Delin Holdings closely follows this irreversible trend, focusing on the Asian market and global investors, incorporating high-recognition and high-growth potential scarce assets such as ByteDance into the tokenization scope.

The core disruptive power of RWA tokenization:

Lowering Investment Thresholds: Tokenization of billion-dollar valuation companies into fractional shares.

Enhancing Liquidity: Private sale equity secondary market trading becomes possible

Increase Transparency: Blockchain technology ensures that rights are traceable

Widening Participation: Retail investors can share in the dividends of top asset growth.

Chen Ningdi, the chairman of the board of Derlin Holdings, stated: "RWA is not only a technological innovation but also an important practice for financial inclusion. By converting physical assets into digital rights on the Blockchain, we enhance asset transparency and provide a pathway for a broader range of investors to access quality assets. This is in line with Derlin's long-standing strategy of 'making investment easy for everyone.'"

Derlin Building and Fund Tokenization Enter Regulatory Fast Track

According to the Hong Kong Stock Exchange announcement on October 9, Derlin Holdings has officially launched the tokenization of the Derlin Building RWA valued at HKD 60 million located in Central, Hong Kong, as well as the simultaneous tokenization process of the Animoca Brands Limited Partnership Fund it manages.

Compliance advancement path:

· Derin Securities submitted a business plan to the Hong Kong Securities and Futures Commission.

· Derlin Digital Family Office submitted regulatory materials

· Technical deployment and compliance implementation in Q4 2025

· Token distribution and platform operation will start in early 2026.

Technical Partners and Underlying Infrastructure

Asseto Technical Support: Derlin Holdings has reached a strategic partnership with the fintech company Asseto, leveraging its mature blockchain infrastructure to achieve compliance chain mapping and tokenization of the Derlin Building assets. Asseto possesses institutional-level tokenization capabilities, and its product CASH+ has successfully launched, with its technical strength validated by the market.

Ripple Labs Technology Empowerment: Animoca Brands' tokenization project utilizes XRP Ledger technology solutions, receives technical support from Ripple Labs, and has successfully been selected for the Hong Kong Cyberport "Blockchain and Digital Asset Pilot Funding Scheme."

Derlin Holdings RWA tokenization project timeline

The RWA tokenization strategy of Derlin Holdings adopts a "private sale + commercial real estate + fund" three-pronged approach, aiming to complete a complete ecological closed loop by early 2026 and become a benchmark case in the core commercial real estate RWA field in Hong Kong.

New Investment Opportunities in Hong Kong Stocks: How Retail Investors Can Participate in Technology Giants' Equity Investment

· The High Wall of Traditional Private Sale Investment

Before the tokenization of RWA, the investment barriers faced by ordinary investors include:

High threshold: Private equity investments usually require a minimum investment of hundreds of thousands to millions of dollars.

Long Lock-up Period: Lock-up periods often range from 5 to 10 years, resulting in extremely poor liquidity.

Lack of transparency: Valuation and financial information are difficult to obtain.

Institutional Monopoly: Top assets are monopolized by VC and PE firms.

· How to Break the Deadlock of RWA Tokenization

Derlin implements tokenization transformation on special purpose vehicles (SPVs) holding related private equity through blockchain technology, fundamentally changing the rules of the game:

Technical Implementation Path:

SPV Holdings: Delin acquires equity in companies such as ByteDance through funds and SPV.

Chain Mapping: Map SPV equity to blockchain tokens

Token Split: Dividing the total equity into smaller tradable units.

Secondary Market: Realizing token circulation trading on compliant platforms

Investor profit point:

Small investment: Possible to participate in billions of dollars enterprise investment with hundreds to thousands of HKD.

Liquidity Improvement: Tokens can be traded on the secondary market without having to wait for an IPO.

Enhanced Transparency: Blockchain records ensure clear and traceable rights.

Global Accessibility: Break through geographical limitations, allowing Asian investors to participate.

Pioneer of RWA Tokenization in the Hong Kong Stock Market

Derlin Holdings (1709.HK) as a Hong Kong-listed company, its RWA tokenization layout has benchmark significance:

Regulatory Advantages:

· The Hong Kong Securities and Futures Commission actively promotes a regulatory framework for virtual assets.

· The Cyberport Pilot Funding Scheme supports Blockchain innovation

· Derlin licensed entities (Derlin Securities, Digital Family Office) have a clear compliance path

Ecological Advantages:

· Derlin is fully deploying Bitcoin mining and virtual asset trading licenses.

· Collaborate with top technology partners such as Asseto and Ripple Labs.

· Animoca Brands Fund Link 400+ Web3 Enterprise Ecosystem

Delin Three-Step Strategy: The Path to Realizing the Vision of Web3.0

Step 1: Virtual Asset Trading and Mining (Completed)

· Fully enter the Bitcoin mining sector

· Virtual Asset Trading License Upgrade

· Establish the foundation for digital asset business

Step 2: RWA Tokenization Layout (In Progress)

· Technology stock tokenization (ByteDance, eSelf AI)

· Commercial Real Estate Tokenization (Derlin Building)

· Fund Tokenization (Animoca Brands LPF)

Step 3: Digital Financial Ecosystem Closed Loop (Target Year 2026)

· Token distribution platform launched

· Secondary market trading has started

· More asset class tokenization

Delin Holdings Digital Asset Strategic Panorama

Delin Holdings' digital asset strategy has formed a systematic layout, from underlying technologies (mining, Blockchain) to mid-level infrastructure (trading platforms, tokenization technology) and then to upper-level assets (equity, real estate, funds), building a complete digital financial ecosystem.

Investment Advice and Risk Warning

Delin Holdings (1709.HK) Investment Highlights

Bullish Factors:

· The first listed company in Hong Kong to systematically layout RWA tokenization.

· Indirect equity holding in star assets such as ByteDance

· The compliance path is clear and supported by Hong Kong regulators.

· The technical partners have strong capabilities (Asseto, Ripple Labs)

· Benchmarking the Robinhood model, the market space is vast.

Key Catalyst:

· Technical deployment completed in Q4 2025

· Launch of the Token Distribution Platform in Q1 2026

· Private sale equity delivery completed

· More asset tokenization announcements

Risk Warning and Observation Indicators

Core Risks:

Regulatory Risk: The regulatory policies for virtual assets in Hong Kong are still being refined, which may affect project progress.

Technical Risks: The tokenization technology of Blockchain is still in its early stages, and the implementation process may encounter challenges.

Market Acceptance: Retail investors' understanding and acceptance of RWA tokenization requires time to cultivate.

Underlying Asset Risk: The valuation fluctuations of companies like ByteDance may affect token value.

Liquidity Risk: The secondary market may lack liquidity in the early stages of tokenization.

Indicators Investors Should Track:

Regulatory Progress: Approval status from the Securities and Futures Commission, license application progress.

Technical Milestone: Completion of tokenization for Derlin Building, Animoca Fund blockchain progress

Delivery Completed: Private Sale SPV Delivery Confirmation

Platform Construction: Token Distribution and Trading Platform Development Progress

Market Reaction: The market acceptance of tokenized products after their launch.

Delin Holdings Investment Scenario Analysis

RWA tokenization belongs to an innovative business, and the market is still in its early stages. Investors should allocate positions based on their risk tolerance. It is recommended to pay attention to the specific progress of the technology deployment phase in Q4 2025 as a critical decision point for increasing or reducing holdings.

RWA Tokenization: The Future of Financial Inclusion Has Arrived

The layout by Derlin Holdings marks a key turning point in the tokenization of RWA from concept to practice. By "putting on-chain" the equity of tech giants like ByteDance with valuations in the hundreds of billions, Derlin has not only opened the door to top assets for retail investors but has also set a benchmark for digital financial innovation in Hong Kong and even Asia.

The Era Significance of RWA Tokenization:

Financial democratization: breaking the institutional monopoly to achieve equal investment opportunities.

Liquidity Revolution of Assets: Enabling traditional illiquid assets to access the secondary market

Blockchain Value Realization: From Speculation to Empowering Physical Assets

Regulatory Innovation Sandbox: Hong Kong's Global Competitiveness in the Digital Finance Sector

With the in-depth advancement of the Delin three-step strategy, 2026 may become the inaugural year for the large-scale implementation of RWA tokenization. For Hong Kong stock investors, Delin Holdings (1709.HK) provides a direct channel to participate in this financial revolution; for retail investors, the upcoming tokenization platform will turn the dream of "investing in ByteDance" into reality.