WORK Medical has formed a new alliance with the Hong Kong Web3.0 Standardization Association and was appointed as the organization’s “council vice chairman.”

The company has also entered into a collaboration with Ruijin Hospital’s Wuxi Branch to accelerate the development of a next-generation, AI-driven smart clinical ecosystem

HONG KONG, Sep 24, 2025 - (ACN Newswire) – Hong Kong kicked off a new era in its embrace of virtual assets on Aug. 1 with the official launch of a regulatory and licensing framework for virtual currencies known as stablecoins. A steady stream of Chinese companies has begun experimenting in the city with virtual assets and their underlying blockchain technology since then, covering a wide range of industries.

Medical products seller WORK Medical Technology Group Ltd. (WOK.US) became the latest to join that parade, as it unveiled a major new initiative to explore real world asset (RWA) tokenization and related blockchain technology in a partnership with the Hong Kong Web3.0 Standardization Association, which promotes the high-quality development of the global Web3.0 industry through standardization research and efforts.

The deal comes just over a year after WORK Medical listed on the Nasdaq, and is part of the company’s evolving “Healthcare + Payment + Technology = RWA + Web3 + AI” strategy. WORK Medical also plans to strategically collaborate with one or more qualified firms from the financial sector, which would provide a key compliance channel for its asset tokenization ambitions.

Tokenized RWA, or real-world assets with value that have been digitalized, is projected to surge to over $50 billion by the end of this year, according to a report published in May by digital currency market-making firm Keyrock and tokenization platform Centrifuge. The report also pointed out that tokenized RWA will be dominated by U.S. treasuries, whose value alone will push the sector size to over $28 billion.

Three areas for collaboration

WORK Medical laid out three main areas for collaboration with its new Hong Kong partner. The first area involves the tokenization of “high-quality assets owned or invested in by WORK Medical,” the company said. It pointed out it can leverage both its status as a Nasdaq-listed company, as well as its expertise and assets related to its medical device business, including AI healthcare assets. It wasn’t more specific, but assets it could probably tokenize might include its receivables, investment products and intellectual property.

The second area WORK Medical’s new partnership will explore is equity investments, which could include co-investments or participation in funds and other financial vehicles to accelerate its move into RWA for potential tokenization and achieve shared strategic goals.

The third area involves development of RWA technology, which would leverage the Hong Kong Web30 Association’s recently launched RWA registration platform. That platform facilitates collaboration on a range of related functions, including blockchain-based title verification, asset issuance, and cross-chain transactions, while ensuring regulatory compliance and asset security.

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