STARCOIN GROUP (00399) signed a memorandum of understanding with the Starcoin Foundation.

STARCOIN GROUP (00399) announced that on October 13, 2025, the company entered into a memorandum of understanding with the Starcoin Foundation, indicating that the Starcoin Foundation intends to issue Starcoin tokens. The distribution of Starcoin tokens will be based on a ratio of one token for every 10 shares held by the company's shareholders on a specified issuance date. It is reported that the Starcoin Foundation is a non-profit organization established under the laws of the Republic of Panama, founded by Dr. Yeung Wing Bo, Chairman of the Starcoin Foundation and Executive Director of the company. Its main businesses include smart contract key management, DAO governance/vault access, and token custody for project development and operation. The announcement states that the token issuance is the first "coin-stock linkage" project in Asia initiated and approved directly by a listed company. This plan serves as the foundational platform for the company in the global Web3 digital capital market, with each Starcoin token backed by US dollar assets. The goal of the token issuance is to establish an integrated on-chain investment banking system, focusing on the on-chain issuance, compliance, and global circulation of real world assets (RWA). The group plans to leverage the advantages of blockchain technology to reshape traditional financial business processes. By establishing a Web3 investment bank, the group aims to become a major link between global assets and digital investors. The token issuance will be deployed on the Conflux eSpace public blockchain.