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Chinese developer Seazen Group has introduced Blockchain Metaverse Academy as a strategic partner through a USD 6.3 million share placement. The move is aimed at advancing real-world asset (RWA) applications, a field gaining traction among property firms exploring digital assets. Seazen will issue about 0.27 percent of its enlarged shares at a price slightly above its last trading value. This initiative follows the launch of Seazen Digital Assets Institute in Hong Kong, which is studying the tokenization of intellectual property and asset income. The partnership is expected to lower risks, reduce costs, and speed up innovation in RWA applications.
Seazen Group has taken another step in developing its digital asset strategy by bringing in Blockchain Metaverse Academy as a strategic partner. The partnership was introduced through a share placement worth around USD 6.3 million, with Seazen issuing close to 0.27 percent of its enlarged share capital. Advertisement
Blockchain Metaverse Academy, an Australia-incorporated company, focuses on digital assets and real-world asset (RWA) applications. These applications involve tokenizing tangible assets and integrating them into blockchain systems. According to Seazen, collaborating with an experienced partner will help the company avoid the higher risks and costs that would come with developing RWA solutions on its own. The company also expects that this step will allow its innovation process in the sector to progress at a quicker and more efficient pace.
The share placement was priced at HKD 2.5845 per share, which represented a premium of about 4.2 percent over the previous trading day's closing price. With this arrangement, Seazen will raise net proceeds of roughly HKD 49.4 million, equivalent to USD 6.32 million. Following the announcement, the company's shares gained up to 5 percent in early trading, although the rise narrowed to about 1.6 percent later in the day.
Just days before the partnership was announced, Seazen established the Seazen Digital Assets Institute in Hong Kong. The institute's purpose is to assess the feasibility of tokenizing intellectual property resources and the company's asset income. Hong Kong was chosen as the base for this initiative due to its growing role as a regional hub for digital asset development and regulatory openness toward blockchain-based innovation.
The background to this development lies in the challenges faced by China's property sector since the debt crisis that began in 2021. The downturn forced many developers into liquidity problems and defaults, prompting firms to explore alternative financing models. Seazen, like several of its peers, has been under pressure to strengthen its funding channels. Earlier this year, it issued USD 300 million in dollar-denominated bonds, becoming the first private Chinese developer to return to the offshore bond market since 2023. Alongside this, the group has also tested new approaches such as non-fungible token (NFT) products linked to its Wuyue Plaza projects and debt-tokenization methods.
By combining traditional real estate operations with digital initiatives, Seazen is signaling a gradual shift in its funding and asset-management approach. The introduction of Blockchain Metaverse Academy as a shareholder and partner highlights the company's intent to link real-world assets with blockchain-based opportunities.
Source: Reuters
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