Xinyuan Real Estate (NYSE: XIN) outlines blockchain tokenization push
Rhea-AI Filing Summary
Xinyuan Real Estate Co., Ltd. provides an update on its blockchain-related business. Since 2016, the company has made long-term investments of approximately the equivalent of USD 17.4 million in real world asset tokenization. In 2019 it completed offerings of security tokens backed by real estate property, and in 2020 those tokens were listed on the MERJ Exchange, collateralized by property at its subsidiary’s Oosten project.
The company and its affiliates have obtained 99 blockchain-related patents in China, highlighting ongoing development in this area. Based on a board resolution, Xinyuan intends to continue developing its blockchain business in line with applicable laws in relevant jurisdictions, and it has furnished the executed board resolution as an exhibit to this report.
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FAQ
What blockchain investments has Xinyuan Real Estate (XIN) disclosed in this 6-K?
Xinyuan Real Estate reports that since 2016 it has made long-term investments of approximately the equivalent of USD 17.4 million in real world asset tokenization. These efforts focus on using blockchain to represent real estate assets as digital tokens.
What security token activity did Xinyuan Real Estate (XIN) undertake?
The company states that in 2019 it successfully completed offerings of security tokens backed by real estate property. In 2020, these tokens, collateralized by property at its subsidiary’s Oosten project, were listed on the MERJ Exchange.
How many blockchain-related patents does Xinyuan Real Estate (XIN) hold?
Xinyuan Real Estate and its affiliates have obtained 99 blockchain-related patents in China, indicating a significant amount of intellectual property tied to its blockchain initiatives.
What are Xinyuan Real Estate’s (XIN) plans for its blockchain business?
According to a resolution of its Board of Directors, Xinyuan Real Estate intends to continue the development of its blockchain-related business, and it plans to do so within compliance with all applicable laws in relevant jurisdictions.
What document is attached as an exhibit in this Xinyuan Real Estate (XIN) 6-K?
The filing includes an exhibit labeled 99.1, described as the executed resolution of the Board of Directors of the Company, which relates to the company’s blockchain-related business.
Who signed this Xinyuan Real Estate (XIN) 6-K and in what capacity?
The report is signed on behalf of Xinyuan Real Estate Co., Ltd. by Yong Zhang, who is identified as the company’s Chief Executive Officer.