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Hong Kong launches world’s first green security token offering for new energy vehicle charging network

Hong Kong has launched the world's first green securities token offering (STO) for the new energy vehicle charging network. The G-STO issuance is jointly launched by XECO, a local new energy vehicle solution provider in Hong Kong, and Gaopeng Technology Finance (Hong Kong) Limited, a licensed institution of the Hong Kong Securities and Futures Commission. It is reported that the green securities token offering will be launched on the Ethereum blockchain and is currently only open to professional investors. Each participant can instantly understand the product or service usage of the new energy vehicle charging project and estimate the return based on business performance. By utilizing the Ethereum blockchain technology, G-STO reduces the financial threshold of the private equity market and combines traditional measures such as KYC/AML (Know Your Customer/Anti-Money Laundering) compliance, business governance, risk assessment, and annual financial audit.

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