Future FinTech Launches New Division to Tokenize Real-World Assets and Explore Stablecoins

Future FinTech Group Inc. (NASDAQ:FTFT), (hereinafter referred to as "Future FinTech", "FTFT" or the "Company") a leading comprehensive financial and digital technology service provider, announced today that its Board of Directors has authorized the establishment of the Company's Real-World Asset Tokenization Division (the "RWA Division"). The RWA Division was created to (i) explore the technical paths and compliance feasibility for the Company to issue stablecoins and tokenize its core assets, (ii) initiate applications to regulatory authorities for compliance licenses and regulatory filings related to the issuance and circulation of stablecoins, and (iii) apply for all necessary compliance licenses based on the nature of RWA assets. This move marks FTFT's official entry into a new stage of its integrated development of its RWA and stablecoins businesses under Web3.0 architecture.