SGTOX Chairman Nathan Ma Announces Launch of APRTP at Major Singapore Summit

On November 17th, the Asia-Pacific RWA Tokenization Platform Summit "TradFi and DeFi Unite: From Asia Pacific to the World", co-hosted by ChainUp, SGTOX and Alibaba Cloud, was held in Singapore. At the summit, Mr. Ma Qiang, a founding member of the "Asia-Pacific RWA Tokenization Platform" (hereinafter referred to as "APRTP") and Chairman of the Board of Directors of SGTOX, announced the establishment of the "APRTP "Mr. Ma Qiang, Chairman of the Board of Directors of SGTOX, announced the establishment of APRTP and participated in the launching ceremony together with 18 members of the organization.
Mr. Ma Qiang said that physical asset pass-through is a hot topic in the field of Fintech and Web3, and several successful cases have emerged globally in recent years. the uploading of MakerDao's nearly US$5 billion bond, the Hong Kong government's HK$760 million green bond, and the pass-through of Singapore's private equity funds, private credits, and structured products have all demonstrated the integration of TradFi and DeFi's tremendous efforts and results. However, physical asset pass-through still faces a number of challenges, including the bridging between the private chains of large financial institutions, the lack of unified technical standards and efficient issuance and trading platforms, and the insufficient number of compliant and secure pass-through exchanges.