[September 15, 2026, Hong Kong / Tokyo]

Hash Global and ASIAN STAR Co., Ltd., a publicly traded company on the Tokyo Stock Exchange (stock code: 8946, hereinafter referred to as "ASIAN STAR"), announce further deepening of their strategic partnership.

As a key part of this partnership, Hash Global participated in ASIAN STAR’s recent private placement, deepening their business collaboration into a longer-term capital and strategic alignment. Meanwhile, ASIAN STAR has invested in the BNB Yield Fund and plans to collaborate with Hash Global to encourage greater participation from traditional financial institutions, listed companies, and real asset issuers in the BNB ecosystem.

The BNB Yield Fund is a BNB asset allocation product developed by Hash Global exclusively for institutional investors, with independent third-party custody provided by Ceffu and the ability to share in earnings from BNB ecosystem initiatives such as Launchpool. It operates on a biweekly open mechanism and receives strategic support from YZi Labs. The fund aims to integrate with global institutional RWA businesses through capital linkage, fostering a virtuous ecosystem where asset allocation, ecosystem participation, and business growth mutually reinforce one another.

Based on Japanese publicly traded companies and real-world asset management capabilities

Asian Star, established in 1979 and headquartered in Yokohama, Japan, is a publicly listed Japanese company with extensive experience in real estate operations. Its business spans real estate development and sales, leasing and property management, asset management, investment consulting, and real estate funds, having accumulated cross-border business and resource integration experience in both Japan and China.

In recent years, ASIAN STAR has continuously strengthened its asset management and fund business capabilities while actively exploring new pathways for Japanese real estate and other high-quality assets to enter international capital markets. Its solid corporate governance foundation, local expertise in acquiring and operating Japanese assets, and dedicated teams in real estate funds and finance position it as a unique partner for issuing RWA assets in Japan.

From fund participation to co-building the BNB institutional ecosystem

Asian Star's participation in the BNB Institutional Fund is not only an asset allocation strategy but also a key strategic move to connect with the BNB ecosystem and explore new business models.

Both parties hope to build on this foundation to encourage institutional investors to understand and participate in the BNB ecosystem through more professional, stable, and long-term approaches, while exploring practical applications of BNB in institutional asset allocation, real asset issuance, stablecoin settlement, on-chain finance, and cross-border investments.

Unlike the traditional DAT model, which focuses solely on accumulating digital assets, ASIAN STAR aims to explore a “DAT 2.0” pathway driven by real-world business: using BNB as a strategic asset to connect RWA issuance, stablecoin settlement, on-chain liquidity, and global distribution, creating a mutually reinforcing cycle between BNB holdings and business revenue, asset scale, and ecosystem growth. Under this model, the success of BNB strategy is measured not merely by how much BNB is purchased and held, but by how many real-world assets can be tokenized, how many institutional partnerships can be secured, and how much sustainable, BNB-denominated business revenue can be generated.

Hash Global will leverage its expertise in traditional finance, digital asset management, RWA, and the Web3 ecosystem to help ASIAN STAR connect with blockchain networks, wallets, stablecoins, DeFi, payment solutions, and global distribution resources within the BNB ecosystem. ASIAN STAR will contribute its strengths as a Japanese listed platform, local asset capabilities, and network of financial institutions to jointly explore sustainable and replicable institutional collaboration models.

Jointly explore new pathways for Japanese assets to enter global markets

Both parties look forward to ASIAN STAR not only serving as an asset provider for a single RWA project, but gradually growing into Hash Global’s key asset issuer and business partner in Japan.

In the future, both parties plan to explore collaboration on asset selection, product structure design, compliant issuance, stablecoin subscription and settlement, global investor distribution, as well as on-chain liquidity and asset utilization, focusing on Japanese real estate and other high-quality assets with stable cash flows, all in compliance with relevant laws, regulations, and regulatory requirements.

Both parties will prioritize pilot projects involving assets with clear ownership, stable cash flows, and relatively mature structures, aiming to establish a verifiable, sustainably operable, and replicable Japanese RWA model. Building on these initial projects, the collaboration may expand to include logistics facilities, hotels, data centers, and other high-quality Japanese assets.

Connecting Japanese assets with the next-generation global capital markets

Hash Global believes that the value of RWA extends beyond tokenizing assets; it lies in reconnecting assets, capital, liquidity, and investors through a global digital financial infrastructure.

Japan has a large, well-defined property rights system, and an established market for real-world assets; meanwhile, global on-chain financial networks, represented by the BNB ecosystem, bring together a broad range of users, capital, stablecoins, and financial applications. Both parties aim to establish a long-term bridge connecting these two markets under a compliant framework, starting with ASIAN STAR.

Through this collaboration at the capital and fund level, Hash Global and ASIAN STAR aim to establish a model partnership that enables more high-quality Japanese assets to access global markets and allows more international investors to discover and allocate to Japanese assets through next-generation financial infrastructure.

Both parties believe that this collaboration will not only support ASIAN STAR’s own business upgrade but also provide a reference pathway for more Japanese listed companies, financial institutions, and asset holders to participate in the global digital financial market.

Mr. Wu, Chairman of Asian Star, stated:

Japan possesses a large number of high-quality, real-world assets capable of generating long-term cash flows. We look forward to collaborating with Hash Global to explore viable pathways for connecting these assets with global investors and next-generation financial infrastructure, under compliant and risk-controlled conditions. Participating in the BNB Yield Fund is an important step for ASIAN STAR to understand and engage with the global on-chain ecosystem.

Hash Global representative KK said:

Our expectation for ASIAN STAR goes beyond being merely an asset holder in a project—we aim to become a long-term partner connecting high-quality Japanese assets with global on-chain capital markets. Hash Global’s participation in ASIAN STAR’s private placement reflects our long-term alignment with this vision. Both parties hope to use ASIAN STAR as a starting point to jointly advance the BNB institutional ecosystem and gradually establish a benchmark case for the globalization of Japanese assets.

About ASIAN STAR

Asian Star Co., Ltd., established in 1979 and headquartered in Yokohama, Japan, is listed on the Standard Market of the Tokyo Stock Exchange under the ticker symbol 8946. The company operates in real estate development and sales, leasing and property management, asset management, investment consulting, real estate funds, and cross-border services. For more information, visit Asian Star’s official website or follow its official X account @AsianStar8946.

About Hash Global

Founded in 2018, Hash Global is one of the earliest validator nodes on the BNB Chain. It currently manages multiple primary and secondary market funds and has earned widespread recognition from traditional financial institutions and the Web3 industry through its ongoing, in-depth research reports on BNB. Hash Global is committed to fostering sustainable business collaborations between long-term institutional capital, high-quality real-world assets, and the next generation of on-chain financial infrastructure. For more information, visit the Hash Global official website or follow its official X account @HashGlobal.

The future collaboration directions described in this press release are subject to specific project conditions, internal approvals from both parties, and applicable laws and regulations, and do not constitute an offer, solicitation, or investment advice for any securities, fund shares, or digital assets.