Eddid Financial and Asseto Partner on Asset Tokenisation

Eddid Financial's regulatory standing underpins its role in the arrangement. Eddid Securities and Futures received SFC approval to uplift its Type 1 regulated activity licence — dealing in securities — to include the distribution of tokenised securities, making it one of a small number of Hong Kong institutions authorised to do so. That uplift built on the firm's initial Type 1 licence expansion in September 2023, when it became one of Hong Kong's first brokerages authorised to engage in digital asset trading. The Singapore entity, Eddid Financial Singapore Pte. Ltd., holds a Capital Markets Services licence from the Monetary Authority of Singapore covering securities, exchange-traded derivatives, over-the-counter derivatives, and spot foreign exchange.

The partnership adds a distribution and liquidity layer to Eddid's existing RWA project pipeline. The firm previously partnered with Timeless Resources Holdings Limited and HashKey Chain to introduce Hong Kong's first silver RWA project, in which each digital coin is backed 1:1 by one ounce of physical silver. Separately, Eddid formed a partnership with CAC Fintech to launch what the firm described as China's first agricultural RWA project, tokenising agricultural products, land use rights, and future agricultural income rights into on-chain digital certificates. The Asseto agreement extends this activity into a structured distribution relationship rather than a project-specific collaboration.

The regulatory backdrop has shifted materially in the months preceding the deal. The SEC's Division of Corporation Finance issued formal guidance on January 28, 2026, defining a tokenised security as a financial instrument formatted as or represented by a crypto asset where the record of ownership is maintained in whole or in part on or through one or more crypto networks. The SEC further clarified that tokenised securities fall into two categories: those tokenised by or on behalf of the original issuer, and those tokenised by unaffiliated third parties. That guidance provided a clearer compliance framework for cross-border distribution arrangements of the type Eddid and Asseto are now pursuing.

Eddid Financial, founded in 2015 and headquartered in Central, Hong Kong, received the "Excellence in Virtual Asset Services" award at the Awards for Excellence in Finance 2026 hosted by Ming Pao, and was separately honoured with the "Professional Services Award in RWA" by HKCT. The firm reports a geographic footprint spanning more than 30 countries and regions across six continents, and its official company website listed the Asseto partnership among its latest institutional announcements.

What remains unclear

The press release does not disclose the financial terms of the partnership, including any revenue-sharing arrangement, fee structure, or minimum volume commitment. It does not identify specific tokenised assets already agreed for joint issuance, nor does it name any institutional clients or investors that have committed to products under the arrangement. The announcement does not specify the technical integration method between Eddid's distribution infrastructure and Asseto's issuance platform, nor does it describe the API architecture referenced in background materials. No timeline is given for the first jointly distributed product to reach market, and no regulatory approval specific to the partnership itself — as distinct from Eddid's existing licences — is cited.

The immediate effect of the agreement is that Eddid Securities and Futures has a contractual framework to act as liquidity provider and distributor for Asseto-issued tokenised products across four target regions. The announcement does not establish that any jointly tokenised asset has been issued, that client subscriptions have opened, or that the liquidity support mechanism has been tested under live market conditions.