ASIAN STAR is using a third-party allotment to finance a planned real-world asset, or RWA, push in Japanese real estate. The share allotment goes to Hash Global Alpha Company Ltd., and the company’s supplementary materials frame Hash Global as the strategic partner for a BNB Chain-based ecosystem plan. The stated goal is to connect Japanese property assets to global capital markets through tokenization, not to describe a business already up and running.
| Instrument | Allottee(s) | Key terms | Gross proceeds |
|---|---|---|---|
| New shares | Hash Global Alpha Company Ltd. | 3,000,000 shares at ¥74, payment Jul 21, 2026 | ¥222.0mn |
| 10th stock acquisition rights | Cyber.J Alpha Limited; Sterling Oak Investment Company Ltd. | 29,200 rights, 2,920,000 potential shares, strike ¥74, exercisable Jul 22, 2026 to Jul 22, 2031 | Up to ¥217.0mn |
The board approved 3,000,000 new shares at ¥74 apiece for Hash Global Alpha, raising ¥222.0mn on July 21. It also approved 29,200 10th stock acquisition rights for Cyber.J Alpha Limited and Sterling Oak Investment Company Ltd., with potential proceeds of up to ¥217.0mn if fully exercised between July 22, 2026 and July 22, 2031. The full package totals up to ¥439.0mn gross, although the warrant money depends on exercise.
ASIAN STAR says the first funding phase will go via its Hong Kong subsidiary into early RWA work, including an investment in Hash Global Build And Build Company Ltd. and PoC activity such as platform use, legal checks, structuring work and KYC/AML systems. A second phase, contingent on warrant exercise, is earmarked for infrastructure linking RWA products with on-chain finance. The catch is in the fine print: the company says asset selection, legal and tax treatment, investor protection, sales channels and operations still have to be built before commercialization.