Advance Holdings Group Subsidiary Enters into Agreement to Develop Blockchain Digital Assets

Forward Holdings Group (01499) issued an announcement, and the affiliated OKLink and Prime Trust have entered into a technical service agreement and API interface platform technology agreement to develop a platform to provide USDK services. According to the announcement, USDK is an ERC-20 digital asset issued by Prime Trust and operates on the Ethereum blockchain. The USDK is issued and redeemed by the Prime Trust for one dollar, and the assets held by the Prime Trust are guaranteed on a one-to-one basis. Digital asset holders are beneficiaries of such assets. As a technical service provider, OKLink is responsible for developing USDK smart contracts and managing USDK smart contracts to achieve USDK casting and destruction in accordance with the clear instructions of Prime Trust.