Hong Kong’s KN Group has partnered with Web3 fintech firm AlloyX to create the world’s first blockchain-tokenized consumer loan fund. This groundbreaking initiative will:
- Tokenize $100M in consumer loans (initial $20M issuance)
- Use AlloyX’s compliant on-chain infrastructure
- Open new capital channels for emerging market lending
KN Group—operating in 5 emerging markets (Thailand, Philippines, Indonesia, Pakistan, and Mexico)—will tokenize its consumer loan portfolios through AlloyX’s regulated platform. The partnership enhances liquidity for loan assets, capital efficiency via blockchain, and global investor access.
Lucas Kong, the General Manager of KN Group Hong Kong and Global Head of Treasury at KN Group, remarked, “This global launch marks a significant achievement after a decade of dedicated efforts in AI fintech by KN Group. It effectively connects traditional financial services with global capital markets via digital means. This initiative seeks to create a replicable method for integrating traditional consumer financial assets onto the blockchain, providing investors with enhanced transparency, flexibility, and investment efficiency. By tokenizing financial assets, we aim to better cater to global investors. Looking ahead, we hope to make further advancements in establishing new industry standards, unlocking new asset value, and linking emerging global ecosystems, as we continue to progress in innovative finance.”
AlloyX delivers blockchain technology solutions and support to KN Group as part of this strategic relationship.
Jessie Chen, Head of RWA Issuance at AlloyX, stated, “We are thrilled to collaborate with KN Group to enhance the worldwide tokenization of cash loans, accelerating the integration and development of existing financial systems with next-generation Web3 technology applications. This ensures that high-quality financial assets circulate on the blockchain in a compliant and transparent manner. AlloyX will continue to collaborate with industry partners to help institutions expand their blockchain-based businesses in a standardized, modular, and international manner.”
The Hong Kong Office for Attracting Strategic Enterprises (OASES) introduced KN Group as a major enterprise, and the company would use this innovation as a springboard. It will keep leveraging its advantages in AI-driven risk management technologies, enhance asset management, penetrate new markets, and spearhead the global digital advancement of inclusive finance.
