PropCap is thrilled to announce that it has been awarded a subsidy through the Web3 Proof-of-Concept Subsidy Scheme (Web3 PoC Scheme) launched by Web3 Hub@Cyberport. This significant funding will help PropCap accelerate the development of its innovative Web3 solutions, particularly focusing on the tokenization of Real-World Assets (RWA) within a Limited Partnership Fund (LPF) structure.
The rapid evolution of Web3 technology is bringing transformative changes to traditional financial markets. PropCap’s leadership team is committed to leveraging Web3 technology to digitise assets, enhance investor engagement, and improve market transparency. This subsidy is not only a validation of PropCap’s vision but also a key step toward realising the potential of RWA tokenisation.
How Will Propcap Bring their Vision to Life through the Scheme?
The subsidy will be instrumental in driving Propcap’s research and development into tokenizing real-world assets within the LPF structure. RWA tokenization enables traditional assets to be digitized, improving liquidity, making higher-return investment opportunities more accessible to investors and providing investors with greater transparency and transaction security through blockchain technology.
Key Partners and Legal Support
The successful implementation of this initiative is supported by a range of expert partners. Tiang & Partners, an independent law firm within a member of the PwC network, will provide legal guidance and regulatory advice. With their expertise in investment funds and regulatory matters, the team at Tiang & Partners will help navigate the complexities of RWA tokenization projects.
Pollock Asset Management has been appointed as the investment manager for the project, ensuring responsible asset management and risk mitigation. Fund distribution will be managed by Evident, a professional distribution platform that will ensure efficient asset liquidity and a smooth investment process for all participants.
Key Benefits for Investors
This Web3 PoC Scheme brings significant advantages to investors, including:
- Lower Investment Thresholds
Traditional investments often require substantial capital, but with RWA tokenization, investors can participate with lower capital requirements. - Risk Diversification
The LPF structure provides diversification across multiple asset classes, helping reduce the impact of individual asset volatility on the overall investment portfolio. - Enhanced Transparency
Blockchain technology provides traceable and transparent transactions, allowing investors to have a clear view of asset flows and management.
Project Timeline and Future Outlook
The Proof-of-Concept phase is scheduled for completion by the end of the fourth quarter of this year. Propcap’s Limited Partnership Fund (LPF) is expected to launch officially in the first quarter of 2025, with all legal structures and distribution channels in place, offering early-stage opportunities for investors to engage in RWA tokenization.
As Web3 technology continues to mature, Propcap is committed to being a leader in this space, with plans to introduce more innovative financial products in the future. These efforts will help Hong Kong investors and the broader Asian market seize opportunities in the emerging digital economy.
About the Web3 Proof-of-Concept Subsidy Scheme
The Web3 Proof-of-Concept Subsidy Scheme, launched by Web3 Hub@Cyberport, aims to foster the development of the Web3 industry in Hong Kong. The scheme provides early-stage funding to support the pre-commercialization of innovative Web3 technologies, accelerating their adoption across various industries in the region.
Eligible projects must be conducted by Hong Kong-registered companies engaged in substantive Web3 or mainstream technology innovation activities. The scheme offers up to HKD 150,000 per project for initiatives that demonstrate originality, innovation, and strong commercial potential.
Discover more about the exciting PropCap RWA Tokenization project! Don’t hesitate to reach out to us for further information.
