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CHICAGO - Professional Diversity Network, Inc. (NASDAQ:IPDN) announced on Wednesday the launch of its self-developed RWA (Real World Asset) digital asset management platform, now available to global investors. The micro-cap company, with a market capitalization of just $9.24 million, appears undervalued according to InvestingPro analysis, despite facing profitability challenges.
The platform, accessible at originfi-rwa.ai, features an AI-driven compliance and verification system that conducts comprehensive reviews of asset issuances through big data algorithms and multi-dimensional validation processes.
According to the company’s press release, the system requires documentation including purchase agreements, ownership certificates, appraisal reports, and on-site verification data before assets can be tokenized on the platform.
IPDN describes RWA tokens as digital equity representations that provide proportional exposure to specific real assets, potentially allowing holders to participate in future income or value appreciation, subject to regulations and contractual terms.
The first batch of assets listed on the platform includes prime land and office buildings in Dubai, international hotels and resorts, and commercial centers in various countries.
The global promotion and distribution of digital currencies issued on the platform will be managed by IPDN’s partner, QBSG Limited, which is licensed by the Malta Financial Services Authority for European digital financial compliance. IPDN holds an equity interest in QBSG.
"By integrating Web3.0 and AI technologies, we give every real-world asset a verifiable digital identity and build a compliance-driven foundation of trust for every investor," said Mr. Wu, CEO of Professional Diversity Network, in the statement.
The company stated it plans to expand its RWA assets to include energy, fine art, infrastructure, and technology equity sectors in the future.
Professional Diversity Network describes itself as a technology holding company focused on AI technologies and solutions, with businesses spanning career development platforms, education technology, and artificial intelligence research.
In other recent news, Professional Diversity Network, Inc. has announced a strategic collaboration with Malta-based fintech company QBSG Limited to explore the development of a global Real World Asset Exchange platform. This proposed platform will focus on the digitalization and trading of real-world assets such as real estate and fine art. Additionally, the company has established a wholly owned subsidiary in Tokyo, Japan, as part of its global expansion strategy. This new subsidiary will serve as the regional headquarters for Web3.0 and entertainment initiatives across Asia.
Furthermore, Professional Diversity Network has appointed Sze Lok Patrick Wong as an independent director, who will also serve as chairman of the board’s Audit Committee. This appointment follows recommendations from the company’s Nominating and Governance Committee. In another development, the company reported the resignations of two board members, Long Yi and Eloisa Sultan, effective September 17. Both directors stated that their resignations were not due to disagreements with the company’s operations or policies. The company is currently evaluating potential candidates to fill these vacancies.
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