HONG KONG, Sept 24, 2025 – (ACN Newswire) – Key Takeaways:
– WORK Medical has shaped a brand new alliance with the Hong Kong Web3.0 Standardization Affiliation and was appointed because the group’s ‘council vice chairman.’
– The corporate has additionally entered right into a collaboration with Ruijin Hospital’s Wuxi Department to speed up the event of a next-generation, AI-driven good medical ecosystem
Hong Kong kicked off a brand new period in its embrace of digital property on Aug. 1 with the official launch of a regulatory and licensing framework for digital currencies generally known as stablecoins. A gradual stream of Chinese language firms has begun experimenting in the town with digital property and their underlying blockchain know-how since then, overlaying a variety of industries.
Medical merchandise vendor WORK Medical Know-how Group Ltd. (WOK.US) grew to become the newest to be a part of that parade, because it unveiled a significant new initiative to explore actual world asset (RWA) tokenization and associated blockchain know-how in a partnership with the Hong Kong Web3.0 Standardization Affiliation, which promotes the high-quality growth of the worldwide Web3.0 business by way of standardization analysis and efforts.
The deal comes simply over a 12 months after WORK Medical listed on the Nasdaq, and is a part of the corporate’s evolving ‘Healthcare + Cost + Know-how = RWA + Web3 + AI’ technique. WORK Medical additionally plans to strategically collaborate with a number of certified companies from the monetary sector, which would supply a key compliance channel for its asset tokenization ambitions.
Tokenized RWA, or real-world property with worth which have been digitalized, is projected to surge to over $50 billion by the tip of this 12 months, in accordance to a report printed in Could by digital foreign money market-making agency Keyrock and tokenization platform Centrifuge. The report additionally identified that tokenized RWA can be dominated by U.S. treasuries, whose worth alone will push the sector measurement to over $28 billion.
Three areas for collaboration
WORK Medical laid out three important areas for collaboration with its new Hong Kong companion. The primary space includes the tokenization of ‘high-quality property owned or invested in by WORK Medical,’ the corporate mentioned. It identified it will possibly leverage each its standing as a Nasdaq-listed firm, in addition to its experience and property associated to its medical machine enterprise, together with AI healthcare property. It wasn’t extra particular, however property it may most likely tokenize would possibly embrace its receivables, funding merchandise and mental property.
The second space WORK Medical’s new partnership will explore is fairness investments, which may embrace co-investments or participation in funds and different monetary autos to speed up its transfer into RWA for potential tokenization and obtain shared strategic targets.
The third space includes growth of RWA know-how, which might leverage the Hong Kong Web30 Affiliation’s just lately launched RWA registration platform. That platform facilitates collaboration on a variety of associated features, together with blockchain-based title verification, asset issuance, and cross-chain transactions, whereas guaranteeing regulatory compliance and asset safety.
The corporate’s latest actions point out it’s already accumulating the experience to develop and handle such property. In February, it introduced a partnership with one other medical machine firm that included the potential institution of ‘joint funding funds to align industrial and monetary sources.’ It mentioned that partnership may additionally contain funding in healthcare infrastructure, growth of superior applied sciences and international acquisitions.
WORK Medical’s new partnership places it on the head of a nascent however quickly rising wave of Chinese language firms searching for new enterprise alternatives in the fast-emerging enterprise of digitalized RWAs. Any firm proudly owning or possessing rights to RWAs, each their very own and property owned by others, can technically enter the area.
Constructing good medical ecosystem
On Monday, WORK Medical additionally introduced one other new partnership with the Wuxi Department of the Ruijin Hospital-Shanghai Jiao Tong College College of Medication. Underneath the partnership, WORK Medical will assist Xin Rui Hospital’s efforts to advance hospital informatization. It’s going to additionally help in efforts to combine AI with the hospital’s multimodal medical information, comparable to textual content, imaging, and lab outcomes.
https://www.globenewswire.com/news-release/2025/09/22/3153945/0/en/WORK-Medical-Know-how-Group-LTD-Companions-with-Wuxi-Department-of-Ruijin-Hospital-Shanghai-Jiao-Tong-College-College-of-Medication-to-Develop-AI-Purposes-in-Healthcare.html
The 2 sides plan to improve WORK Medical’s multimodal AI options from single-image to advanced information sorts by leveraging Xin Rui Hospital’s medical and skilled sources. The collaboration goals to develop AI fashions for numerous healthcare situations, establishing a framework for information governance, mannequin coaching, and medical translation.
WORK Medical Chairman and CEO Wu Shuang mentioned the 2 new partnerships ‘ with the Hong Kong Web3.0 Standardization Affiliation for RWA innovation and with Xin Rui Hospital for AI-driven healthcare ‘ are strategic strikes geared toward unlocking new development avenues and constructing long-term worth.
The corporate’s inaugural annual earnings report for its fiscal 12 months by way of September 2024, issued earlier this 12 months, additionally accommodates hints that it was dabbling in monetary markets, not solely by way of its IPO but in addition by way of different investing actions, in the 12 months earlier than its itemizing.
https://www.prnewswire.com/news-releases/work-medical-technology-group-ltd-reports-financial-results-for-fiscal-year-2024-302377075.html
WORK Medical’s new alliance may take it in a totally new route from its core enterprise of manufacturing and promoting masks and different medical merchandise like artery compression tourniquets. Because the Covid pandemic receded and demand for masks declined, main to falling costs, the corporate’s income from its masks enterprise fell 69% in its fiscal 12 months by way of September 2024 to $1.6 million from $5.1 million the earlier 12 months. That was partly offset by an 18% enhance in its income for different medical gadgets, which rose to $9.4 million from $8 million.
Its newest monetary report additionally reveals that WORK Medical has engaged in commodities buying and selling, which generated $400,000 in revenue in its newest fiscal 12 months by way of September 2024. The corporate additionally derived a large $15.7 million in money from financing actions for the fiscal 12 months, up sharply from a 12 months earlier and better than the $11.5 million in income it generated from gross sales of its core medical merchandise for the 12 months.
Within the finance sector, provide chain financier Linklogis late final month additionally shaped a partnership with XRP Ledger, the group overseeing the ripple cryptocurrency, geared toward exploring the digitalization and tokenization of RWA.
Supply: The Bamboo Works
By Doug Younger
Copyright 2025 ACN Newswire . All rights reserved.
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