Zhibao signs deal to explore tokenization of Nasdaq shares

Zhibao Technology Inc. has entered into a strategic framework agreement with Bedrock to study the tokenization of its SEC-registered Class A Ordinary Shares on blockchain networks. The non-binding agreement establishes a joint working group to explore on-chain issuance and circulation of the company’s shares as real-world asset equity, preserving voting, dividend and shareholder rights.

The proposed model would record shares natively on public blockchain networks rather than as synthetic derivatives or newly created share classes. The partnership will also evaluate deployment of a portion of Zhibao’s 2,380 Bitcoin treasury reserve into Bedrock’s liquid restaking infrastructure.

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