Stan Group will seek to sell tokenized real estate to the Hong Kong Securities and Futures Commission early next year

According to the South China Morning Post, Hong Kong's Stan Group will meet with the Hong Kong Securities and Futures Commission (SFC) early next year to seek approval for its sale of token-based real estate using blockchain technology. If the application is approved, this will be the first time SFC has allowed the token to be legally traded in Hong Kong with real estate as the underlying asset. It is reported that Stan Group is a family-owned enterprise and is currently chaired by Deng Yaosheng, the son of Deng Wangbo.