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WORK Medical Technology Group LTD Partners with Hong Kong Web3.0 Standardization Association to Collaborate on Blockchain and RWA Innovations
Hangzhou, China, Sept. 24, 2025 (GLOBE NEWSWIRE) -- WORK Medical Technology Group LTD (Nasdaq: WOK) (“WORK Medical” or the “Company”), a supplier of medical
About this update from Work Medical Technology Group Ltd
[{"type":"text","content":"Hangzhou, China, Sept. 24, 2025 (GLOBE NEWSWIRE) -- WORK Medical Technology Group LTD (Nasdaq: WOK) (“WORK Medical” or the “Company”), a supplier of medical devices in China, through its subsidiary, Work (Hangzhou) Medical Treatment Equipment Co., Ltd. and its subsidiaries in China, today announced that it has entered into a strategic cooperation agreement (the “Agreement”) with Hong Kong Web3.0 Standardization Association Limited (the “Association”), an organization dedicated to standardization research in the Web3.0 sector, with a mission to promote the high-quality development of the global Web3.0 industry through standardization efforts. The partnership is expected to demonstrate resource sharing and complementary strengths, with the goal of pioneering innovation in the Real-world Asset (the “RWA”) sector. In recognition of this collaboration, WORK Medical has also been appointed as a Vice President Unit of the Association.Caption: Work Medical and Hong Kong Web3.0 Standardization Association Limited sign a strategic cooperation agreement.Pursuant to the Agreement, WORK Medical and the Association agree to collaborate on comprehensive, systematic and compliant blockchain solutions in areas such as asset tokenization, equity investment, and RWA technology development. Leveraging their respective technological capabilities and resource advantages, the parties aim to jointly explore new technologies and business models to drive mutual growth and strengthen industry influence, with a focus on:Asset Tokenization: Combining WORK Medical’s capital resources as a Nasdaq-listed company and its expertise in medical device manufacturing, with the Association’s resources and RWA platform, to advance the tokenization of the high-quality assets owned or invested in by WORK Medical. Joint Investment/Financial Vehicles: Integrating industrial and financial resources through co-investments or participation in funds and other investment/financial vehicles to accelerate the RWA market expansion and achieve shared strategic objectives.RWA Technology Development: Leveraging the Association’s newly launched RWA registration platform to collaborate on blockchain-based title verification of industry applications, asset issuance, and cross-chain transactions, while ensuring regulatory compliance of data assets and the secure issuance of assets throu...