The Hong Kong Securities and Futures Commission (SFC) has approved two real estate tokenization products by Derlin Holdings. These products involve the distribution of RWA tokens by Derlin Securities and the tokenization of fund interests by Derlin Digital Family Office. The underlying assets include a limited partnership fund holding the Derlin Building in Central Hong Kong and a private equity fund. This marks the first approved real estate RWA case in Hong Kong, indicating significant progress in the compliant tokenization of physical assets under a licensed regulatory framework.