Hong Kong’s Fosun tokenizes shares of medical company valued at $328 million

Hong Kong-based Fosun Wealth Holdings has launched tokenized shares of Sisram Medical, an Israeli company listed on the Hong Kong Stock Exchange, aligning with the region's push to establish itself as a hub for cryptocurrency and blockchain.

The shares, representing about $328 million in market value, were deployed through Vaulta, Solana, Ethereum, and Sonic, according to a Tuesday statement. The company stated that the initiative utilizes Vaulta's "Banking OS" and integrates Solana into its technology stack for issuance and settlement.

Sisram Medical, an Israeli medical technology firm that trades under the ticker 1696.HK, is the first equity added under the initiative. Fosun also plans to tokenize additional corporate bonds and shares in the future, though it has not specified which companies or a timeline.

"The tokenization of Fosun's listed companies reflects our commitment to financial innovation and digital transformation," said a Fosun spokesperson. "Through Vaulta and Solana, we can expand access to our portfolio, offering investors new levels of transparency, efficiency, and inclusivity."

The launch comes as tokenization of real-world assets (RWA) gains momentum across the financial sector. The total RWA value reached $27.9 billion as of Tuesday, representing a 7.4% increase from the previous month, according to RWA.xyz data.