GCL Technology to Explore Tokenization Solutions With China Pacific Insurance Unit; Shares Gain 2%
GCL Technology said it entered a preliminary agreement with a China Pacific Insurance unit to develop solutions for the tokenization of real-world assets, according to a Hong Kong bourse filing Thursday.Shares of the solar panel company gained nearly 2% in afternoon trade Friday.The company entered a memorandum of understanding with CPIC Investment Management to explore the development of RWA middle-office infrastructure and building a network of digital asset investment.Both sides will now negotiate a final agreement before moving ahead with the plans.