Hang Feng Technology Innovation and Animoca Brands Announce MOU for Strategic Partnership

Rhea-AI Summary

Hang Feng Technology Innovation (NASDAQ: FOFO) and Animoca Brands announced a non-binding memorandum of understanding on Nov 21, 2025 to explore a strategic partnership to develop Hang Feng's real-world asset (RWA) tokenization ecosystem.

The partnership contemplates a dedicated vault on Animoca's chain-agnostic on-chain vault marketplace NUVA, tokenization of assets managed by Hang Feng, institutional distribution via NUVA, and co-produced educational content and research to support RWA adoption.

Insights

Strategic Partnerships Analyst

Non-binding MOU to explore tokenizing Hang Feng's RWAs on Animoca's NUVA; partnership could expand distribution but remains exploratory.

Hang Feng Technology Innovation and Animoca Brands signed a non-binding memorandum of understanding on Nov 21, 2025 to pursue a strategic partnership that would create a dedicated vault on the NUVA on-chain marketplace to distribute tokenized real-world assets managed by Hang Feng. The plan pairs Hang Feng’s asset management and institutional networks with NUVA’s chain-agnostic vault infrastructure and includes co-produced educational content and research to support market understanding.

The business mechanism is straightforward: tokenized RWAs would be issued or represented by a vault on NUVA, giving Hang Feng a digital distribution channel and giving NUVA additional institutional-originated supply. Key dependencies include final legal and regulatory approvals, definitive agreements replacing the MOU, and successful technical integration of Hang Feng’s assets with NUVA’s vault design. Because the announcement is a non-binding MOU, the item remains exploratory and does not itself change capital structure or asset ownership.

Watch for concrete milestones: execution of definitive agreements, the launch of the dedicated NUVA vault, and any regulatory disclosures tied to tokenization, each of which would materially alter impact; expect these items to surface over the coming quarters rather than immediately.

HONG KONG, Nov. 21, 2025 /PRNewswire/ -- Hang Feng Technology Innovation Co., Ltd. (NASDAQ: FOFO), a Cayman Islands holding company ("Hang Feng") providing comprehensive corporate management consulting and asset management services, and Animoca Brands, a global leader in Web3 and digital property rights ("Animoca"), today announced that they entered into a non-binding memorandum of understanding for a strategic partnership to drive the development of Hang Feng's real-world asset ("RWA") tokenization ecosystem. The collaboration will leverage Hang Feng's expertise in asset management and institutional client networks along with Animoca's blockchain capabilities and its on-chain vault marketplace, NUVA, a unified and chain-agnostic vault marketplace ("NUVA"), to distribute the Hang Feng's tokenized RWA.

Under the proposed partnership, the companies expect to create a dedicated vault backed by Hang Feng's RWA on the NUVA platform. The collaboration will focus on accelerating institutional adoption of RWAs by exploring opportunities to tokenize assets managed by Hang Feng and provide its client base with access to NUVA's infrastructure. In addition, the companies plan to co-produce educational content and research to foster market understanding and innovation in the RWA space.

The strategic partnership follows a recent collaboration between Animoca Brands and ProvLabs to launch NUVA. NUVA is an on-chain marketplace that will offer a set of vaults from leading asset issuers, and is expected to play a role in accelerating the integration of RWA products with the wider digital asset ecosystem.

Leo Xu, Chief Executive Officer of Hang Feng, said: "following our listing on Nasdaq and the strategic launch of our new RWA business initiative, this proposed partnership with Animoca will be a key step in our strategy, aiming to redefine the future of asset management through blockchain innovation. We are excited for a collaborate with a global Web3 pioneer to transform interests in our fund-of-funds portfolios into dynamic, tokenized assets. By uniting our institutional expertise and network with Animoca's technological vision, we believe we will be positioned to develop a boarder ecosystem and enhance our market presence. We believe that this proposed collaboration will breathe new life into institutional-grade assets, making them more fluid, inclusive, efficient and aligned with the digital future. "

Evan Auyang, Group President of Animoca Brands, added: "Our proposed partnership with Hang Feng Technology Innovation will connect deep institutional assets with scalable on-chain distribution. Together, we will make institutional-grade assets much more liquid and accessible as a necessary step toward a more inclusive on-chain financial system."

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on  Hang Feng's current expectations and projections about future events that Hang Feng believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as "may," "will," "could," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "propose," "potential," "continue" or other similar expressions in this prospectus. Hang Feng undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although Hang Feng believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and Hang Feng cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in Hang Feng's registration statement and other filings with the SEC.

About Hang Feng Technology Innovation Co., Ltd.

Hang Feng Technology Innovation Co., Ltd. is a Hong Kong-based company providing comprehensive corporate management consulting solutions alongside specialized asset management services tailored to diverse client needs. Since 2023, Hang Feng has been offering consulting services and identifying market opportunities through Starchain Investment Trading Limited ("Starchain"), one of Hang Feng's subsidiaries, to a growing network of clients. Starchain delivers tailored management consulting, including strategic growth insights, performance management reporting, key performance indicator (KPI) advisory, and support in regulatory compliance, risk management, and corporate governance practices. Recognizing client demand for sophisticated asset management solutions, Hang Feng launched asset management services in 2024, introducing structured solutions designed to manage and grow both corporate and individual capital portfolios. For more information, please visit Hang Feng's IR website: https://ir.hfintech.io 

About Animoca Brands
Animoca Brands Corporation Limited (ACN: 122 921 813) is a global digital assets leader building blockchain and tokenized assets to advance the future of Web3 innovation. It has received broad industry and market recognition including Fortune Crypto 40, Top 50 Blockchain Game Companies 2025, Financial Times' High Growth Companies Asia-Pacific, and Deloitte Tech Fast. Animoca Brands is recognized for building digital asset platforms such as the Moca Network, Open Campus, and The Sandbox, as well as institutional grade assets; providing digital asset services to help Web3 companies launch and grow; and investing in frontier Web3 technology, with a portfolio of over 600 companies and altcoin assets. For more information visit www.animocabrands.com or follow on X, YouTube, Instagram, LinkedIn, Facebook, and TikTok.

Media Contact:

Hang Feng Technology Innovation Co., Ltd.
Investor Relations
Email: ir@hfintech.io 

Animoca Brands
Global contact: press@animocabrands.com

View original content:https://www.prnewswire.com/news-releases/hang-feng-technology-innovation-and-animoca-brands-announce-mou-for-strategic-partnership-302622993.html

SOURCE Hang Feng Technology Innovation Co., Ltd.

FAQ

What did FOFO announce on Nov 21, 2025 about a partnership with Animoca Brands?

FOFO announced a non-binding MOU to explore a strategic partnership with Animoca to develop RWA tokenization and a dedicated vault on NUVA.

How will the proposed FOFO and Animoca partnership use NUVA for RWA distribution?

The companies plan to create a NUVA-listed vault backed by FOFO-managed RWAs to distribute tokenized assets to institutional clients.

Does the FOFO–Animoca agreement create binding commercial terms or immediate asset listings?

No; the announcement describes a non-binding memorandum of understanding and does not state completed or binding commercial transactions.

What types of activities will FOFO and Animoca undertake to promote institutional RWA adoption?

They plan to tokenize assets, provide NUVA access to FOFO clients, and co-produce educational content and research to foster market understanding.

What is NUVA and how is it relevant to FOFO's Nov 21, 2025 announcement?

NUVA is Animoca's unified, chain-agnostic on-chain vault marketplace; FOFO expects to use NUVA to host a vault of its tokenized RWAs.

Will FOFO’s MOU with Animoca affect FOFO’s Nasdaq listing or financial guidance?

The release contains no financial figures or guidance and does not state any immediate impact on FOFO’s Nasdaq listing or financial guidance.