New City Development Launches Digital Asset Institute to Advance RWA Tokenization

Hong Kong-based firm New City Development has announced the launch of a Digital Asset Research Institute, aiming to drive innovation in Real World Assets (RWA) tokenization and blockchain applications. The initiative seeks to leverage expertise from external experts in digital finance and compliance to develop impactful solutions within this space. While market reactions remain subdued pending further details on funding and expert partnerships, potential market implications for Ethereum and related DeFi tokens cannot be ruled out.