Adrian Cheng, former CEO of New World Development and grandson of Chow Tai Fook founder Cheng Yu-tung, has announced the establishment of ALMAD Group. This new conglomerate aims to drive innovation in Web3 finance, focusing on investments in digital assets and the tokenization of real-world assets (RWA). Additionally, ALMAD Group will explore the application of blockchain technology and immersive digital experiences across various industries.
Adrian Cheng Launches ALMAD Group to Focus on Web3 Financial Innovation
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