Another Hong Kong company is adding cryptography to the Ministry of Finance, but wants to do more than passively retain it.

IVD Medical Holdings purchased $19 million ($149 million) The ether (eth)place assets at the heart of real-world asset tokenization strategies.

The company is building IVD.xyz, a platform for tokenizing pharmaceutical intellectual property and other medical assets.

In a statement to Coindesk, Chief Strategy Officer Gary Deng said that Ethereum was chosen as a core asset as it is the “world’s most mature smart contract platform” with “very high liquidity” and growing institutional awareness.

IVD will use ETH to verify chain ownership of tokenized assets, to automatically generate revenue and compliance governance.

It also serves as the payment layer for the company’s planned IVDD Stablecoin, which allows cross-border transactions within Hong Kong and within the US compliance framework. Revenues from RWA transactions are automatically converted to ETH and deposited in the Ministry of Finance.

IVD will also deploy ETH to staking, restaking and on-chain derivatives to increase returns and fluidity while adding downside protection. The move places IVD along with a small group of companies registered with HKEX, which has the Crypto Ministry of Finance.

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Boyaa Interactive (0434.hk) After converting almost all of the ether into Bitcoin, it holds value over USD 3,100. daughter (1357.hk) I bought about 31,000 ETH and 940 BTC in 2021 Before you finish those positions.

Other small bitcoin holders include Yuxing Infotech (8005.hk) 78 at BTC, Moon Inc. (1723.hk) 18.88 BTC, and Walnut capital (0905.hk) 10 BTC from shareholder donations.

The IVD move came as part of announcing a broader partnership with Hashkey Group, which operates the hashkey exchange in Hong Kong.

Read more: Sharplink raises $200 million direct products to boost ETH Holdings to $20 billion

Maple Finance has deployed its liquid yield-bearing stablecoin, syrupUSDC, on the Solana network using Chainlink’s Cross-Chain Interoperability Protocol, introducing new capital strategies and institutional lending primitives into one of crypto’s most liquid ecosystems.

Maple’s native SYRUP token jumped 8% on the launch news, holding a market cap of nearly $420 million.

The integration allows users to mint syrupUSDC natively on Solana, utilizing the Cross-Chain Token standard to enable zero-slippage, rate-limited value transfers between Ethereum and Solana.

The launch is backed by $30 million in coordinated liquidity and $500,000 in incentive programs, with participation from Solana-native teams including Kamino, Orca, and the Global Dollar Network.

What does Maple’s move to Solana mean for the network?

Maple’s expansion builds on Solana’s recent CCIP enablement and positions syrupUSDC as a composable collateral asset that can support leveraged trading, looping strategies, and permissionless credit.

According to Chainlink Labs, the introduction of CCIP to Solana in mid-May marked a milestone for cross-chain infrastructure.

The protocol provides audited smart execution and customizable rate limits designed to withstand network volatility and avoid slippage. These features are aligned with Maple’s institutional risk posture, which emphasizes transparency and operational resilience across lending markets.

syrupUSDC will be integrated into Kamino and Orca at launch, facilitating lending and borrowing for both institutional and DeFi-native participants.

The Global Dollar Network’s USDG will act as a key supply asset. With over $10 billion in stablecoins on Solana, the network offers an addressable market for stable-yield assets like syrupUSDC, now accessible via fast settlement and composable DeFi infrastructure.

As Maple CEO Sid Powell stated in the launch materials, Solana’s high-throughput environment expands Maple’s access to institutional and advanced DeFi users, reinforcing a multichain strategy focused on high-capacity networks.

The deployment brings new tools for capital efficiency to a network that has prioritized scale and speed, and reflects broader efforts to establish Solana as a hub for non-custodial credit and on-chain structured products.

Since its inception in 2021, Maple has originated over $7 billion in loans and currently manages more than $1.7 billion in assets. The protocol launched syrupUSDC in 2024 as a permissionless, liquid stablecoin optimized for yield strategies and supported by Maple’s suite of structured and staking products.

Stable yield assets

Through the CCIP integration, syrupUSDC can now flow seamlessly across chains while maintaining the composability required for automated yield and collateral systems.

Chainlink’s CCT implementation removes the need for contract modifications to enable native cross-chain movement. This design allows for more secure minting and redemption while reducing reliance on wrapped assets and legacy bridging architectures.

It also supports granular control over transfer limits, which Maple has historically used to minimize risk in volatile market conditions.

Maple’s choice to re-enter the Solana ecosystem through CCIP follows a paused pilot from 2022 and reflects renewed confidence in cross-chain standards and decentralized infrastructure maturity.

The deployment contributes to a growing suite of institution-focused tools on Solana and aims to enhance its appeal as a destination for permissionless credit.

The syrupUSDC launch marks a continuation of Maple’s expansion into high-liquidity blockchain environments and affirms its thesis around multichain interoperability and yield-bearing stable assets.

With early liquidity and partner support already secured, the integration adds a key DeFi building block to Solana’s evolving market structure.

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