PANGAEA CONNECT and Mile Green have signed a memorandum of understanding to explore potential business opportunities in the physical asset sector

Zhitong
2025.08.26 11:28
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PANGAEA CONNECT has signed a memorandum of understanding with Mile Green to jointly explore potential business opportunities in the physical asset sector. Both parties will invest together in the physical asset ecosystem, leveraging blockchain technology and tokenization to drive transformation. The memorandum states that Mile Green has established a comprehensive physical asset ecosystem that integrates multiple resources. The company hopes to discover business opportunities in physical assets through collaboration and develop in the digital asset field using its technological solutions

According to the Zhitong Finance APP, PANGAEA CONNECT (01473) announced that on August 26, 2025 (after trading hours), the company entered into a memorandum of understanding with Mile Green Company Limited (Mile Green) to document both parties' intention to explore potential business opportunities in the physical asset sector.

According to the memorandum, the company and Mile Green agreed to jointly invest in a physical asset ecosystem, working together to explore, assess, and define potential business opportunities in the physical asset field.

The group recognizes the potential of blockchain technology and the tokenization of physical assets to drive transformation. Hong Kong's robust regulatory framework and recent positive policies supporting the development of stablecoins and cryptocurrencies provide a secure and favorable environment for the group to explore these opportunities in the Web3 space. As understood, known, and believed by the board of directors, Mile Green has established a comprehensive physical asset ecosystem that integrates technology services and blockchain providers, fiat and cryptocurrency payment platforms, licensed institutions, qualified lawyers, independent valuers, and environmental, social, and governance advisory teams. The company hopes to strategically enter this market through potential collaboration with Mile Green.

The board believes that potential collaboration could provide the company with strategic opportunities to discover business opportunities in physical assets and may bring returns to the company through investments in the physical asset ecosystem, while allowing the company to leverage its proprietary artificial intelligence, Internet of Things, AIoT, and digital solutions in the tokenization process. Potential collaboration could also provide a platform for the company to gain valuable knowledge and operational expertise from Mile Green to apply in its future business development in the digital asset field, thereby seizing new opportunities in Web3 innovative technology. In addition, the company also hopes to explore other business opportunities with Mile Green's affiliates, which may involve using the group's electronic components to upgrade their WiFi systems and power generation facilities

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