Building the next generation of RWA markets is a collective effort. From asset origination and structuring to technology, distribution and regulated market infrastructure, different parts of the ecosystem need to come together to turn real-world opportunities into investable digital products.

Our Partner Series brings these voices together to share their approaches to RWA tokenization, lessons learned, and perspectives on what it takes to support greater understanding and adoption of these markets.

As 1Exchange continues to build regulated infrastructure for tokenized securities, we see partnerships as an important part of that journey. Through this series, we’ll spotlight the organizations we work with and explore how collaboration can help connect RWA opportunities with investors across Singapore, ASEAN and beyond.

We kick off our Partner Series with EDDID Financial and SageRock Capital, to explore how the two firms brought a tokenized green private fund backed by real EV charging infrastructure to market in Hong Kong.

Meet the Partners

EDDID Financial is a Hong Kong-headquartered financial technology and financial services group with capabilities spanning wealth management, asset management, investment banking and digital assets. Its Singapore operations serve as a hub for Southeast Asia, while its digital-asset activities include RWA tokenization and virtual asset trading.

SageRock Capital focuses on opportunity origination, RWA architecture, financial innovation and ecosystem orchestration. The firm works across areas including ESG and sustainability, new energy infrastructure, carbon credits and environmental assets, intellectual property, art and collectibles, and AI and technology.

We understand that you recently completed an RWA tokenization project in Hong Kong. Could you tell us about the project, its underlying asset, and what was accomplished?

SageRock Capital: This collaborative Hong Kong RWA project involved tokenizing a green private fund structured under the Hong Kong Limited Partnership Fund (LPF) regime and backed by operational EV charging infrastructure across Hong Kong. The fund directly bridges real-economy cash flows with Web3 efficiency, achieving live, tamper-proof revenue tracking and automated cash-flow collection on-chain.

EDDID.: Leveraging Eddid Securities and Futures’s comprehensive SFC licensing framework and SageRock Capital’s asset architecture, this institutional setup delivers a hybrid return model for Professional Investors—combining a stable base yield with revenue-sharing upside—serving as a flagship template for compliant, asset-backed tokenization in Asia.

What were your respective roles, and how did you work together to bring the project to market?

SageRock Capital: SageRock Capital originated the opportunity and served as the RWA architect and ecosystem orchestrator, providing project origination and assessment, due diligence, investment and RWA structure design, and coordination across the asset owner, fund entities, financial institutions, technology providers and other professional parties.

EDDID.: Eddid Securities and Futures serves as the financial structurer and lead distributor, providing the financial infrastructure required for market execution. Together, the two firms coordinated investor onboarding, compliance, and launched the tokenized product on Eddid ONE, enabling investors to subscribe to and redeem fund units through a fully compliant digital platform.

What were some of the key considerations and lessons from the tokenization process?

SageRock Capital: A key focus was establishing clear, legally enforceable beneficial ownership of the underlying LPF units through digital tokens, while ensuring the structure met Professional Investor distribution requirements.

EDDID.: Digital asset custody was another important consideration. One of the key lessons from the process was that institutional tokenization requires more than smart contracts alone. Legal counsel, fund administrators and custodians all play an important role in providing legal recourse, auditability and governance alongside technology.

Beyond technology itself, what did tokenization bring to the project, and what did you learn from the investor response?

SageRock Capital: For the operator, the structure can support capital recycling to fund further EV charging infrastructure expansion. At an ecosystem level, digitizing the LPF units can also reduce administrative overhead and establish a framework for fractionalizing physical real-world assets into digitally accessible investment instruments.

EDDID.: For Professional Investors, tokenization provides more transparent cash-flow distribution and can improve the transferability of fund units, laying the groundwork for greater liquidity over time. However, liquidity ultimately depends on actual buyer and seller participation in the market.

Investor discussions also highlighted the importance of understanding ownership rights, the credit strength and priority waterfall of the fixed-yield component, and smart contract security.

Looking ahead, where could this model go next, and what role could 1Exchange play?

SageRock Capital: In Hong Kong, the focus is on building the EV charging initiative through subsequent funds and developing scalable institutional RWA blueprints. The model could also be explored across ASEAN markets, including Thailand and Vietnam, while extending into other sustainable and new-economic assets.

EDDID.: The next phase could include collaboration with 1Exchange to broaden investor accessibility and connect regional RWA opportunities with a wider investor base. More broadly, we see an opportunity to build a more interconnected regional RWA ecosystem and channel capital towards sustainable assets and next-generation capital markets.

Disclaimer: The views, information, or opinions expressed in this article are solely those of the interviewee and do not necessarily represent those of 1X Exchange Pte Ltd and its employees. This article is for informational and educational purposes only. It does not constitute financial, investment, legal, or tax advice. Asset tokenization, digital assets, and cryptocurrency markets involve a high degree of risk, volatility, and regulatory uncertainty. Readers should conduct their own independent research and consult with an independent financial adviser before making any investment decisions.