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DL Holdings Increases Investment in U.S. Carmel Real Estate Fund, Gifting Additional HK$40 Million in RWA to Shareholders

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HONG KONG, June 3, 2026 /PRNewswire/ — DL Holdings (1709.HK) announced on 2 June that it has committed US$5 million to subscribe for interests in ONE Carmel Estate Residence Lot A LPF, a limited partnership fund focused on U.S. real estate private credit investments. This represents another strategic step in DL Holdings’ global asset allocation and digital asset initiatives, and positions DL Holdings to become the first Hong Kong-listed company to distribute real estate credit returns to shareholders in tokenized Real World Asset (RWA) form.

Prior to this transaction, the Securities and Futures Commission (SFC) of Hong Kong formally approved two RWA tokenization projects led by DL Holdings: the tokenization of a commercial real estate interest (DL Tower) and the tokenization of a private equity interest (Animoca Brands). Both were first-of-their-kind approvals. These approvals fully reflect the regulator’s high recognition of DL Holdings’ pioneering work in the RWA sector. DL Holdings will once again create a Hong Kong first — launching the city’s first luxury residential RWA.

The investment structure is straightforward. The Fund will provide a US$5 million loan to Carmel Reserve LLC to finance the construction of a signature ultra-luxury art residence within Phase I of the ONE Carmel development. The loan carries a two-year maturity with an annual coupon of 8%. Completion of the residence is expected to play a significant role in marketing and sales activities for the broader development, and is considered a key milestone in the project’s overall execution.

As an investor in the Fund, DL Holdings is entitled to two sources of return: a fixed annual return of 8%; and 20% participation in returns generated above the fixed yield threshold. The investment term is two years, with an option to extend for an additional year.

What is ONE Carmel?

ONE Carmel is located in Carmel Valley, Monterey County, California. Spanning approximately 3.6 square kilometers, the master-planned community comprises 66 individual ultra-luxury art residence lots, each averaging around 20,000 square meters. Situated near California’s iconic Highway 1 and the world-renowned Pebble Beach Golf Links, the project sits in the heartland of one of Northern California’s most established affluent residential regions. It represents the newest — and the last — large-scale residential development on this land, and has received a Final Subdivision Public Report issued by the California Department of Real Estate (DRE).

The significance of ONE Carmel lies not merely in its luxury positioning, but in its underlying scarcity value. In real estate, genuine scarcity emerges only when three factors converge simultaneously: an irreplaceable location; significant barriers to regulatory approval; and no further supply of developable land. ONE Carmel possesses all three. DL Holdings believes these attributes give the project strong potential for Real World Asset (RWA) tokenization. The Group’s limited partnership interest may provide an additional channel for its digital asset strategy and could be distributed to shareholders as a special dividend in RWA form.

Understanding Real World Assets (RWAs)

RWA tokenization refers to representing ownership interests in tangible or financial assets through blockchain-based digital tokens. To illustrate: a commercial building is highly valuable, but unlike a publicly traded share it cannot be divided and transferred in small units. Through tokenization, ownership rights can be represented by digital certificates, with each certificate corresponding to a fractional economic interest in the underlying asset. Ownership, transfers, and distributions are recorded on the blockchain in a transparent and immutable manner. At present, Hong Kong has not yet established a secondary trading market for such RWA tokens. Consequently, these certificates represent economic claims on the underlying assets rather than freely tradable securities, and cannot yet be bought or sold on an exchange. This is a constraint under the current regulatory framework; even so, DL Holdings remains highly confident in the future of digital finance.

On 24 February 2026, the SFC approved two RWA tokenization products sponsored by DL Holdings: a limited partnership fund holding interests in DL Tower, a commercial property in Central, Hong Kong, valued at HK$60 million; and a limited partnership fund investing in Animoca Brands. These were Hong Kong’s first approved commercial real estate and private equity RWA projects. Including the approximately HK$40 million equivalent investment in ONE Carmel, the aggregate value of on-chain assets DL Holdings is distributing to shareholders as dividends will reach approximately HK$100 million, and the project establishes Hong Kong’s first replicable pathway for luxury residential RWA. DL Holdings’ total on-chain asset portfolio now exceeds HK$500 million.

DL Holdings’ continued innovation in the RWA sector aligns closely with the Hong Kong SAR Government’s proactive embrace of Web3.0, blockchain, and digital finance. In its Policy Statement on Development of Virtual Assets in Hong Kong (31 October 2022), the Government stated that “Web3.0 has the potential to become a future trend in finance and commerce… we are committed to the sustainable development of financial services across the entire virtual asset value chain.” Financial Secretary Paul Chan has further called for advancing the use of tokenized assets and upgrading financial infrastructure. The Hong Kong Monetary Authority, through its Ensemble project, has focused on sandbox testing for the settlement of tokenized assets, substantively exploring the deployment of distributed ledger technology for real-world assets. The SFC’s successive approvals of DL Holdings’ commercial real estate and private equity tokenization projects can be seen as concrete regulatory practice under this top-level policy framework. By bringing real-world assets on-chain through compliant structures, DL Holdings’ efforts resonate clearly with Hong Kong’s official vision of becoming a global digital asset hub — demonstrating market innovation and a welcoming regulatory stance moving in the same direction.

RWA Special Dividends: A New Paradigm for Hong Kong

A traditional dividend distributes corporate profits to shareholders in cash. Once received, shareholders have no further direct claim on the underlying assets. An RWA special dividend is fundamentally different: instead of cash, shareholders receive digital tokens anchored to a real asset. The asset’s appreciation, income distribution, and eventual disposal all remain economically linked to the token holder. Put differently — a cash dividend means “the company made money and gives it to you”; an RWA dividend means “the company places the rights to a portion of an asset directly into your hands.” The former is a one-off transaction; the latter is a continuing right.

Mr. Andy Chen, Chairman and Chief Executive Officer of DL Holdings, stated: “The Group’s investment in and tokenization plan for ONE Carmel carry unique value. It was only through extensive efforts within the SFC framework that DL Holdings successfully advanced the DL Tower RWA plan, pioneering Hong Kong’s first compliant and replicable RWA business model. The tokenization of the U.S. luxury residence ONE Carmel is another of DL Holdings’ endeavors in the RWA space, and reflects our consistent DNA: to be a pioneer and explorer of the rules.” DL Holdings will provide real-time visibility into the luxury residence’s construction progress, so that all RWA holders and potential investors can follow the project’s development — an ultra-high level of transparency for physical assets on-chain that is likewise a world first.

The key words here are not “luxury residential”, but “compliant” and “replicable”. DL Holdings’ goal is not to complete a single transaction, but to prove out a viable pathway within the SFC’s regulatory framework — one along which subsequent assets can continue to enter the market by following the same route.

Building a Digital Asset Ecosystem

ONE Carmel is an important piece of DL Holdings’ broader digital asset ecosystem. The Group’s digital finance strategy extends beyond real estate RWA to areas including Bitcoin hash power (mining), AI-driven investment platforms, and computing-power infrastructure. Under DL Holdings’ plans, many of these assets may likewise enter the RWA track in the future, ultimately forming a synergistic, mutually reinforcing digital finance ecosystem. This is a Hong Kong-listed company’s systematic answer, within the current regulatory framework, to the question of how traditional assets can interface with blockchain technology.

For shareholders, the true significance of the ONE Carmel investment may lie not in the size of the US$5 million commitment, but in the principle it validates: genuinely high-value real-world assets can, on a compliant basis, be digitized, fractionalized, and delivered into the hands of ordinary investors — with no intermediaries, no complex legal-structure changes, requiring only a token and a system design that can withstand regulatory scrutiny.

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SOURCE DL Holdings

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HUAWEI WATCH D3 Debuts at ISH-ECS 2026, Bringing Advanced Blood Pressure Monitoring into Everyday Life

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DUBAI, UAE, Oct. 27, 2026 /PRNewswire/ — The 31st International Society of Hypertension Scientific Meeting and 17th Emirates Cardiac Society Annual Conference (ISH-ECS 2026) took place in Dubai from 22 to 25 October 2026. As a major international gathering dedicated to hypertension, the conference brought together leading organisations and experts from around the world to discuss the latest research and developments in hypertension prevention and management.

International experts presented findings from their research using HUAWEI WATCH D Series wearable blood pressure monitors, highlighting the potential of wearable technology to support blood pressure monitoring and management. Huawei, a member of the International Society of Hypertension (ISH), also showcased its newly launched HUAWEI WATCH D3 at the event. At the Huawei exhibition area, attendees had the opportunity to experience the new device’s medical-grade blood pressure monitoring capabilities across different scenarios first-hand, offering a closer look at how advanced wearable technology can make blood pressure monitoring more convenient and accessible in everyday life.

Huawei Establishes Wearable Blood Pressure Technology Innovation Fund to Advance Research

Hypertension is one of the most common chronic conditions worldwide and a leading risk factor for cardiovascular disease. Despite advances in prevention and treatment, blood pressure control rates remain low globally, highlighting the need for more effective monitoring and management.

To support further research in this field, Huawei has established the Wearable Blood Pressure Technology Innovation Fund in collaboration with ISH. The fund focuses on two key areas: wearable blood pressure measurement and wearable blood pressure management. It aims to encourage innovation, explore new applications for wearable technology, and support advances in hypertension prevention and management worldwide.

At the conference, researchers leading the first three projects selected for funding, from more than 80 applications, were invited to present their work. The projects involve researchers from the University of Colombo in Sri Lanka and the University of Edinburgh in the UK, Peking University People’s Hospital in China, and the University of Cambridge in the UK. The funding will support further research into blood pressure management using HUAWEI WATCH D series devices.

Airbag-Based Wearables Gain Recognition in Hypertension Guidelines

As wearable health technology continues to advance, wrist-worn blood pressure monitors using inflatable cuffs and oscillometric measurement technology are gaining recognition within the international medical community.

These devices have been addressed in several international guidelines and expert consensus statements, including the European Society of Hypertension’s Wearable Wrist-Watch Type Cuff Oscillometric Blood Pressure Monitors: Consensus Statement, the 2026 ISH Global Hypertension Practice Guidelines, and the HOPE Asia Network Asian Hypertension Guidelines. These publications recognise the potential role of validated wrist-worn oscillometric devices in blood pressure self-monitoring. Experts at the conference also discussed the significance of these developments and their implications for future clinical applications.

In China, the Chinese Guidelines for the Prevention and Management of Hypertension (2024 Edition) included wrist-worn oscillometric blood pressure monitoring for the first time. Meanwhile, the Expert Recommendations for Ambulatory Blood Pressure Measurement Using Wearable Devices recommended the use of smart wearable devices validated against international standards for ambulatory blood pressure monitoring. Together, these developments reflect growing international recognition of the role wearable technology can play in hypertension management.

During the “HUAWEI Wearable Technology” innovation and HUAWEI WATCH D3 experience sessions, HUAWEI experts introduced the technologies and applications behind the company’s approach to comprehensive health management. International hypertension specialists also shared their perspectives on the HUAWEI WATCH D3 and its potential to make blood pressure monitoring more accessible.

Professor Wang Jiguang, President of the Chinese Hypertension Association, noted: “Innovations like Minimally Disruptive ABPM and environmental monitoring reminder by Huawei Watch D3 may be inspiring for shaping a new direction on how future blood pressure management is automated and seamlessly embedded into daily life, via wearable devices”.

Professor George Stergiou, President of the International Society of Hypertension, described the Huawei Watch D3 as a novel, reliable wearable device that provides insights into blood pressure profiles and patterns. He also noted that the European Society of Hypertension (ESH) and the ISH encourages the clinical use of validated wrist-cuff blood pressure monitors, while calling for further research into their implementation in clinical practice.

Professor Maryam Al Saeed of Mohammed Bin Rashid University of Medicine and Health Sciences commented, “Dubai Health and Huawei are collaborating on a clinical research initiative to evaluate non-invasive wearable technology for earlier diabetes risk, leveraging real-world health data to advance personalized prevention, enable proactive healthcare, and improve long-term health outcomes across diverse populations.”

HUAWEI WATCH D3 Combines Monitoring with Everyday Convenience

Gong Yuansong, Vice President of Huawei’s Smart Wearable and Sports Health Product Line (Solutions and Ecosystem), delivered a keynote speech at the conference. He highlighted a growing shift in attitudes towards personal health, with people moving beyond treatment towards proactive monitoring and early prevention. Blood pressure management is also evolving, extending beyond individual measurements and hospital visits to become part of everyday health routines.

He added, “Smart wearables and comprehensive health insight capabilities, such as health glance, trends, and readiness scores, are promising to help users understand and gradually act to improve their health span.”

The HUAWEI WATCH D3 is the latest addition to Huawei’s health-focused wearable portfolio. As the third generation of Huawei’s wrist-worn blood pressure monitors, it combines professional measurement capabilities with a lightweight design and features that support everyday blood pressure management.

Equipped with ultra-narrow airbag oscillometric measurement technology, the HUAWEI WATCH D3 also introduces a new mode for measuring blood pressure before and after exercise. By tracking changes in blood pressure in response to physical activity, the feature helps users identify potentially abnormal responses and provides relevant insights and recommendations to support safer, more informed exercise. This mode is the first of its kind in the industry to receive EU CE certification under the Medical Device Regulation (MDR) and Class II medical device registration in China.

HUAWEI has also partnered with Ruijin Hospital, affiliated with Shanghai Jiao Tong University School of Medicine, to launch the Minimally Disruptive ABPM Study. The research initiative is also set to expand to countries including Saudi Arabia and Malaysia through partnerships with local research institutions.

The study explores a hybrid measurement approach that combines all-day photoplethysmography (PPG) monitoring with precise airbag-based oscillometric measurements for calibration. This approach aims to reduce the number of required cuff-based measurements from 27 to 7, helping to minimise disruptions during ambulatory blood pressure monitoring.

The monitoring approach also provides users with a detailed overview of their blood pressure patterns, including 24-hour, daytime and night-time averages, as well as charts showing how their blood pressure changes throughout the day. These insights can help users better understand their blood pressure trends and support long-term management.

From academic exchange to technological innovation, ISH-ECS 2026 highlighted the growing potential of wearable technology to transform blood pressure management. With innovations such as the HUAWEI WATCH D3, Huawei is bringing advanced health monitoring capabilities beyond clinical settings and into everyday life, helping people take a more proactive role in managing their own health.

SOURCE Huawei

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3TREES Shines at Big 5 Construct Kenya, Showcasing Healthy Living Solutions for East Africa

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PUTIAN, China, Oct. 27, 2026 /PRNewswire/ — 3TREES recently showcased its green coating solutions at Big 5 Construct Kenya, a major building and construction trade show in East Africa that opened on October 21, 2026, at the Sarit Expo Centre in Nairobi. Guided by its “Create Healthy Life” philosophy, 3TREES presented a broad product portfolio at Hall 1, Booth 1J17, attracting strong interest and active business discussions. The event also strengthened the brand’s visibility among regional customers and industry partners.

The exhibition marked another step in 3TREES’ expansion in East Africa. Continued infrastructure investment and urbanization across the region are driving demand for building materials that are environmentally friendly, healthy, durable and suited to local conditions. Through the exhibition, 3TREES introduced integrated green coating solutions for regional construction needs.

The product showcase covered stone-effect exterior coatings, inorganic interior coatings, artistic finishes, waterproofing membranes and coatings, and floor coatings. Together, these products demonstrated 3TREES’ capabilities across wall and floor applications and helped visitors gain a clearer understanding of the company’s product quality, technologies and service strengths.

The booth welcomed distributors, engineering purchasers, contractors and industry professionals from Kenya, Tanzania, Uganda, Ethiopia and other East African markets. Visitors discussed product performance, application methods, technical standards, local adaptability and distribution cooperation with the 3TREES team. Through one-to-one consultations, the team introduced key technologies and application scenarios while sharing experience from engineering and residential projects in China. The exchanges generated positive feedback and opportunities for further cooperation.

Looking ahead, 3TREES will continue adapting its product formulations and coating solutions to East Africa’s high temperatures, intense ultraviolet exposure, concentrated rainy seasons and local construction standards. The company will also advance regional channel development and strengthen technical support and after-sales services to better serve local customers.

Building on its research and development strengths and broad product portfolio, 3TREES will deepen industry exchange and strategic cooperation, introduce mature green coating technologies and solutions to more overseas markets, and support the green development of East Africa’s building materials industry. Through sustained localization, the company aims to bring healthier and greener products to more households and construction projects across the region.

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Festive Travel Gets More Intentional: Indian Travelers Look Beyond the Traditional Holiday, Agoda Reports

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SINGAPORE, Oct. 27, 2026 /PRNewswire/ — For Indian travelers, the October to November festive period is increasingly becoming an opportunity to combine celebrations with a change of scene. With Dussehra, Durga Puja and Diwali approaching, accommodation search trends on digital travel platform Agoda show travelers looking at a mix of international experiences and domestic leisure breaks. Based on searches made between August 1 and September 30, 2026, for stays between October 15 and November 30, Bangkok, Phuket and Tokyo emerged as the top three international cities searched by Indian travelers, while Goa, Puri and Udaipur were the most popular domestic destinations.

Asia remains central to the festive itinerary for international travel

International travel interest for Indian travelers is led by destinations across Asia, with Thailand, Vietnam and Japan emerging among the most searched countries recording 55%, 86% and 125% growth in searches respectively compared to last year. Sri Lanka on the other hand recorded the almost 262% year-on-year growth in searches among the top international destinations, followed by Hong Kong SAR, China at nearly 138% indicating growing interest across a mix of destinations that offer cultural, culinary and leisure experiences.

At the city level, Bangkok and Phuket in Thailand recorded 65% and 51% growth in searches, respectively, offering travelers a combination of cultural landmarks such as the Grand Palace and Wat Pho along with local food and coastal experiences. In Vietnam, Phu Quoc recorded 124% growth in searches by Indian travelers, with its beaches, island-hopping experiences and night markets offering a mix of leisure and local experiences. Hanoi recorded a 94% increase, with attractions such as the Old Quarter and Hoan Kiem Lake offering a glimpse of the city’s heritage. Tokyo also recorded 109% growth in searches from India, with the October to November travel window coinciding with its autumn foliage season, when spots such as Shinjuku Gyoen become popular for ‘Kōyō’, Japan’s tradition of enjoying the changing colors of the leaves.

Festive escapes return to perennial favorites

Within India, festive travel trends reflect a mix of leisure, cultural and nature-led getaways. Goa saw nearly 43% year-over-year growth in searches, while Udaipur grew by nearly 29%, reflecting continued interest in established leisure and heritage destinations. Puri recorded 318% growth in searches, followed by Ooty at 166% and Munnar at 107%, pointing to interest in coastal, hill and nature-focused breaks. Varanasi also recorded 92% year-over-year growth, adding to interest in destinations associated with India’s cultural and spiritual heritage.

Gaurav Malik, Country Director, Indian Subcontinent & Indian Ocean Islands, Agoda, shared: “The festive period has traditionally been when travel and celebration come together, but the destinations people are considering reveal that there are now various ways to spend this time. We are seeing interest span beach holidays, city breaks, cultural destinations and hill station escapes, suggesting that travelers are choosing destinations around the experience they want to have, rather than simply following a conventional itinerary. For Agoda, this also means helping people discover the right stay and experiences around increasingly diverse ways of traveling.”

As travelers increasingly shape festive getaways around the experiences they want to discover, Agoda brings stays, flights and activities together in one place, giving travelers access to more than 6 million holiday properties, over 130,000 flight routes and more than 300,000 activities worldwide through its website and mobile app.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/festive-travel-gets-more-intentional-indian-travelers-look-beyond-the-traditional-holiday-agoda-reports-302920234.html

SOURCE Agoda

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