As an Asia’s leading integrated Property-Logistics Technology (PLT) solutions platform, Reitar Logtech (NASDAQ: RITR) today announced a comprehensive strategic partnership with Solowin Holdings (NASDAQ: SWIN). According to a non-binding Memorandum of Understanding (MOU) signed by both parties, Solowin’s USD-denominated fund Solomon Capital Fund SPC-Solomon Capital SP9 has expressed intent to make a strategic investment of up to US$150 million in Reitar’s logistics automation facilities, automated cold storage and related automated assets, to jointly explore logistics asset tokenization (RWA) and stablecoin application innovations.

This collaboration will fully integrate Reitar’s technological strengths in smart logistics with Solowin’s expertise in fintech and digital assets, jointly advancing the digital transformation of the logistics industry, particularly in market expansion across Southeast Asia and the Middle East. Reitar has already established its global second headquarters in Qatar and partnered with strategic collaborator NEXX Global, a company that previously signed a Memorandum of Understanding (MOU) with Qatar Navigation Q.P.S.C. (“Milaha”) and KEC (Hong Kong, formerly Kerry E-Commerce), to jointly promote the development of smart logistics and e-commerce in Qatar, fully committing to developing the markets in the Middle East and North Africa.

Strategic Cooperation
This strategic partnership covers three innovative areas:

1. Logistics Asset Tokenization (RWA) Development
   The parties will leverage Reitar’s physical assets including logistics automation facilities and automated cold storage, utilizing the technology platform of AlloyX Group (“AlloyX”) – a fintech company specializing in cross-border payments and institutional-grade asset tokenization stablecoin infrastructure in which Solowin has invested – to develop income right tokenization innovations. Tokenized assets will include stable income rights from logistics park rentals and cold chain service fees, providing investors with fractional investment opportunities.
2. Stablecoin Ecosystem Development and Application
   The cooperation will support Reitar’s planned issuance of the Hong Kong dollar stablecoin RHKD for logistics payment settlements and supply chain financial services. The RHKD stablecoin is intended to be structured to comply with Hong Kong’s “Stablecoin Ordinance” regulatory requirements, backed by 100% Hong Kong dollar reserves custodied by licensed banks, providing an efficient, low-cost payment tool for cross-border trade and supply chain settlements.
3. Global Market Expansion and Digital Infrastructure Investment
   The parties will jointly explore establishing a special investment fund in Qatar to focus on logistics digital infrastructure projects in the Middle East, supporting Reitar’s global development roadmap of expanding into Southeast Asian and Middle Eastern markets from its Hong Kong base.

Technical Implementation and Compliance Framework
The cooperation project will adopt institutional-grade blockchain infrastructure to ensure technical security and compliance:

• Data Integration: Real-time collection of logistics asset data through IoT devices and on-chain recording to ensure transparent and trustworthy asset status
• Compliance Assurance: Apply for relevant SFC licenses in Hong Kong, comply with the “Stablecoin Ordinance” requirements, and implement KYC/AML procedures
• Ecosystem Cooperation: Leverage Solowin’s cooperative relationship with BC Technology Group (OSL) to provide compliant trading and custody services

Management Perspectives

Mr. John Chan, Chairman and Chief Executive Officer of Reitar Logtech, stated:
“We are delighted to establish a strategic partnership with Solowin Holdings. This investment not only provides us with capital support but, more importantly, brings fintech innovation capabilities. Through logistics asset tokenization and stablecoin applications, we believe this partnership has the potential to help reshape the logistics industry and create new value for investors and customers. This cooperation fully aligns with our global expansion strategy, particularly our development plans for the Middle Eastern and Southeast Asian markets. We believe that the integration of logistics and fintech could mark an important step in the evolution of our industry.”

Mr. Peter Lok, Chief Executive Officer of Solowin Holdings, stated:
“Reitar’s technological accumulation in smart logistics and physical assets provide an ideal foundation for our cooperation. By combining physical logistics assets with digital technology innovation, we can provide investors with new investment channels while improving capital efficiency in the logistics industry. We are optimistic about the development prospects of digital assets in Hong Kong and the Middle East region. This cooperation is an important step in our plan in RWA field.”

Market Prospects and Strategic Significance
According to industry data, the global RWA tokenization market size has grown from US$5 billion in 2022 to US$25.5 billion in 2025, an increase of 410%. Logistics assets have become premium targets in the tokenization field due to their stable cash flow characteristics. This cooperation will drive the following innovations:

• Financing Model Innovation: Open new financing channels through asset tokenization, reducing financing costs
• Operational Efficiency Improvement: Utilize stablecoins to achieve real-time cross-border payment settlements, reducing transaction costs
• Global Market Expansion: Leverage digital economic development opportunities in the Middle East and Southeast Asia regions to accelerate business planning

Illustrative Potential Implementation Timeline
Subject to the execution of definitive agreements and the successful consummation of the strategic partnership and investment, the parties envision a potential multi-phase implementation:

1. Pilot Phase (2025-2026): Launch tokenization pilot at Reitar’s automated cold storage “Chillboxx” in Hong Kong
2. Expansion Phase (2027-2028): Promote successful experience in Middle Eastern and Southeast Asian markets
3. Globalization Phase (2029 onwards): Replicate the model in European and Latin American markets