According to Odaily Planet Daily, Hong Kong-listed Qidian Guofeng Holdings announced that its shareholders have packaged their shares with baijiu (white liquor) liquor assets as the underlying assets for a RWA (Resource-Based Asset) (RWA) product. The product will be launched on ADG, a decentralized RWA issuance management platform deployed on Binance Chain. The total issuance size of the project is HK$500 million, with an initial issuance size of HK$100 million.