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No small token: Chinese firms convert prized trees, tea into digital assets
On the Chinese tropical island of Hainan, Huanghuali trees - a rare kind of rosewood - are being photographed so that they can be turned into digital assets. Huanghuali or "yellow flowering pear" produces wood with a beautiful lustre and golden sheen. Favoured by Chinese emperors in times past, the wood continues to be highly prized. But a tree takes decades to mature, testing the patience of farmers. Converting the Huanghuali into real world asset (RWA) tradeable tokens would bring capital to an industry facing cashflow problems, says Zhao Xiaobao, the Hainan representative for Geely Technology Group, a unit of ... (full story)
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