Nature’s NFTs? How These Companies Fractionalize Rare Woods From Trees For Global Trade

Chinese companies are tokenizing rare Huanghuali trees and other commodities in an effort to address liquidity issues facing various industries.

Digital Tokens For Scarce Resources

Firms located on Hainan, a tropical island in China, are capturing images of Huanghuali trees, a scarce species of rosewood, to transform them into digital assets, as reported by Reuters.

Zhao Xiaobao, the Hainan representative for Geely Technology Group, a subsidiary of Chinese automaker Geely Automobile Holdings (OTC:GELYF), expressed that converting the Huanghuali into tradeable tokens could infuse much-needed capital into industries grappling with cash …

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