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WORK Medical Technology Group (Nasdaq: WOK) has announced partnership with the Hong Kong Web3.0 Standardization Association to co-develop blockchain tools for asset tokenization and other RWA uses. The company was also named a Vice President Unit of the association, while Markets Insider posted release confirming key details.
Under the agreement, the parties will pursue tokenization of assets held or invested by WORK Medical, set up joint investment vehicles, and work on RWA technology using the association’s new registration platform. JCN Newswire outlined scope including title verification, compliant issuance and cross-chain transactions.
“We are excited to establish a partnership… a milestone in our pursuit of innovation in the RWA domain,” said Wu Shuang, Chairman and CEO of WORK Medical, adding the goal is to help set standards and speed commercial adoption. The company shared statement in its Sept. 24 note, carried by Taiwan News.
Background: Tokenization turns rights in real assets into digital tokens that can move and settle faster. Hong Kong is building a Web3 ecosystem supported by industry standards and pilots. Partnerships like this aim to blend compliance, audit trails, and smart-contract features so issuers can raise funds and manage assets with clearer rules and lower costs.
