Adrian Cheng, the grandson of Chow Tai Fook's founder, has launched ALMAD Group, a new enterprise focused on digital asset investments and the tokenization of real-world assets. The group aims to drive innovation in Web 3 finance and explore blockchain technology applications across various sectors. Cheng, who has been reducing his roles in family businesses, is steering ALMAD Group towards creating immersive digital experiences and leveraging blockchain's potential.