Eddid Financial backs Hong Kong's first regulated silver RWA offering

Timeless Resources Holdings Limited (Timeless) and Eddid Financial have launched "Silver Tokens", Hong Kong's first regulated silver real-world asset tokenisation (RWA) project.

Silver Times, an indirect non-wholly owned subsidiary of Timeless, and Eddid Securities and Futures, a subsidiary of Eddid Financial, have entered into a placing agreement for the project, marking its official market debut and opening a new chapter in the precious metals RWA space.

The project's product design, issuance structure, token on-chain mechanism, custody arrangements and sales model have all been reported to the Hong Kong Securities and Futures Commission (SFC) and have secured its confirmation of no further comment, underscoring the project's exceptionally high compliance standards.

Under the terms of the agreement, each silver token is fully backed by one ounce of physical silver assets. All of the project's physical silver assets will be irrevocably transferred to and held by the trust to ensure that the rights and interests of token holders are thoroughly protected.

By synergising Timeless's extensive footprint in the precious metals industry with Eddid Financial's formidable expertise in capital markets and digital asset compliance, the partnership aims to construct an investment ecosystem characterised by enhanced efficiency, unparalleled transparency, and lowered barriers to entry. This pioneering initiative not only offers investors a secure, compliant and forward-looking avenue for asset allocation but also establishes a highly replicable and successful blueprint for the tokenisation of diversified assets in the future.

Looking ahead, Eddid Financial will leverage its comprehensive licences to expand its RWA presence, driving continuous market innovation and high-quality growth.

Re-disseminated by Wealth and Society