Hong Kong firm unveils crypto-based concert funding model, marking the city’s latest step in fintech innovation and gold tokenisation
Esperanza Fintech Group CEO Dan Ronald Leung Wai-tsun said on Tuesday the initiative would test public appetite for tokenised assets through entertainment before expanding into gold and stablecoin products.
Investment tokens convert a concert’s production costs and profits into small tradeable digital units on a blockchain. The model allows members of the public to invest in events directly, replacing the need for organisers to shoulder large upfront expenses.
Source: News - South China Morning Post
