Seazen property developer tokenization plans are moving forward as the Chinese firm announces a new institute in Hong Kong to explore real-world asset (RWA) tokenization, according to its Friday statement. The initiative could make Seazen the first major Chinese property developer to issue tokenized assets.
The Shanghai-based Seazen Group has been navigating liquidity challenges amid a broader Chinese property debt crisis that began in 2021, which led to numerous defaults in the sector. With the market seeking new avenues for capital, tokenization—converting assets into blockchain-tradable digital tokens—presents an innovative option for raising funds. Earlier this year, Seazen issued $300 million in dollar bonds, marking the first private developer bond deal in China since 2023.
In its filing to the stock exchange, Seazen stated it has established the Seazen Digital Assets Institute to assess the feasibility of tokenizing both its intellectual property and income-generating assets. Bloomberg reported that by the end of the year, the company aims to launch non-fungible token (NFT) products connected to its Wuyue Plaza properties, alongside creating a digital asset management unit.
“Seazen has created the Seazen Digital Assets Institute to explore the feasibility of tokenizing its intellectual property resources and asset income,” the company noted in its official filing.
If successful, Seazen’s tokenization plans could signal a wider adoption of blockchain solutions among Chinese developers seeking liquidity and investor engagement. Market participants will be watching closely for the launch of NFTs tied to Wuyue Plaza and the broader rollout of tokenized property assets, which could reshape how Chinese real estate capital is raised and traded.
