Hong Kong Fosun tokenizes shares of healthcare company valued at $328 million

Fosun Wealth Holdings, based in Hong Kong, has launched tokenized stocks of Israeli medical company Sisram Medical. The company is listed on the Hong Kong Stock Exchange, which also aligns with Hong Kong's strategy to become a cryptocurrency and blockchain hub.

According to a statement released on Tuesday, these stocks represent a market value of approximately $328 million and have been deployed through Vaulta, Solana, Ethereum, and Sonic. The company stated that this plan utilizes Vaulta's "Banking OS" and integrates Solana into its tech stack for issuance and settlement.

Sisram Medical is an Israeli medical technology company with the stock code 1696.HK, and is the first equity asset introduced under this tokenization plan. Fosun also plans to further tokenize company bonds and stocks in the future, but has not disclosed specific companies or a timeline.