According to online reports, Hong Kong-listed company Coolpad Group announced that the company is in the preliminary exploration stage of RWA tokenization of property assets and has formulated a four-stage strategic plan: the first stage is feasibility study and planning, which is expected to be completed in Q4 2025; the second stage is Partner selection and architecture design, which is expected to start in Q1 2026; the third stage will conduct technical development and internal testing in Q2-Q3 2026; The fourth phase will carry out regulatory communication and pilot launch, and the time is to be determined. The company stated that it will strictly abide by relevant regulations and disclose when there is significant progress. (Zhitong Finance)