Kuala Lumpur, Malaysia – At the 6th Expo, Mr. John Lam, CEO and Chairman of Lam Group, revealed that the company will establish a compliant blockchain exchange through Great East Asia Bank to venture into Web3, the metaverse, and AI sectors. They will also tokenize hotel Real World Asset (RWA) to form an innovation fund, achieving comprehensive new finance strategies and publicly listing all assets and companies.
John Lam highlighted, “We believe blockchain and the Web3 ecosystem will revolutionize traditional finance. A compliant blockchain exchange will provide a secure and transparent platform for investors, promoting healthy industry development.” He further emphasized using the group’s hotel assets to back the innovation fund, integrating traditional assets with new technologies to explore a stable yet innovative financial development path.
The compliant blockchain exchange will be a core part of Lam Group’s strategy, offering a safe and transparent platform for global investors to ensure the legality and compliance of Web3 and digital assets. This will help support the healthy growth of the global blockchain and Web3 markets, providing enterprises and projects in this field with access to legitimate funding.
By tokenizing hotel assets as RWA, the innovation fund gains stable support. This approach digitizes traditional physical assets, tokenizes them via blockchain, and allows them to circulate efficiently and securely in global markets. The steady cash flow from hotel assets provides ongoing support for the innovation fund, backing future Web3 and tech projects.
With significant expertise in fintech, Great East Asia Bank’s move into blockchain and Web3 is a key step for Lam Group to align with technological trends. The innovation fund will focus investments on various sectors within the Web3 ecosystem, particularly Web3 gaming, the metaverse, and artificial intelligence (AI). Lam Group has confirmed its support for Web3 game projects like Infinitar and RuneSoul, AAA blockchain games within the ID Planet ecosystem, to drive metaverse development and leverage AI to optimize the Web3 ecosystem. Furthermore, Lam Group will host the Oscar of Innovation and Technology Conference in the U.S. in 2025 to further advance global technological innovation.
This strategic plan is set to create tremendous opportunities for Lam Group in the fields of new finance and Web3, as the group continues to innovate and explore new models for global finance and technology development, contributing to industry growth.
About Lam Group
Lam Group stands as a prominent force in the New York City real estate landscape, specializing in the development of diverse properties, including commercial, residential, retail, hospitality, and mixed-use projects. Founded in the 1970s by the Lam family and led by CEO and Chairman Mr. John Lam, the company has earned a reputation for excellence and innovation. With a portfolio that features over 50 development projects and nine hotels currently in progress, Lam Group continues to shape the real estate market, particularly in Manhattan, the nation’s most coveted investment destination.