Lion Rise Holdings issues convertible bonds to raise approximately HK$273 million to support the development of the RWA tokenization framework

According to ChainCatcher, Hong Kong-listed company Sitong Holdings announced the issuance of collateralized convertible bonds maturing in 2026 to raise approximately HKD 273 million (USD 35 million). The company has signed an agreement with asset management firm LMR Partners to subscribe for the relevant bonds, with the final net fundraising amount being approximately USD 33,565,000 (about HKD 260,800,000). The funds will be used to support the development of its digital finance and real-world asset (RWA) tokenization framework.