Zhibao's On-Chain Shares: A DeFi Compliance Preview
RWA Signal Insight
StocksZhibao Technology and Bedrock have entered a non-binding framework agreement to explore the tokenization of Zhibao’s Class A ordinary shares on-chain. The proposed model aims to preserve shareholder rights, including voting and dividends, by utilizing permissioned DeFi protocols that enforce compliance through smart-contract-level transfer restrictions. Only KYC-verified wallets would be permitted to interact with these tokens, addressing regulatory concerns regarding pseudonymity and anti-money laundering requirements. Additionally, the agreement contemplates deploying 2,380 BTC from Zhibao’s treasury into Bedrock’s uniBTC liquid restaking protocol under institutional custody. This initiative serves as a significant case study for the 2026 DeFi regulatory landscape, testing whether public companies can maintain regulatory standing while utilizing decentralized infrastructure. The project highlights the growing necessity for integrated fiat-crypto platforms, such as OneSafe, to manage the complexities of tokenized dividends and treasury operations. A definitive partnership remains subject to regulatory, audit, and board approvals within a 12-month window.
Key points
- Zhibao and Bedrock signed a framework agreement to study tokenizing Zhibao Class A shares.
- The proposal includes deploying 2,380 BTC into Bedrock’s uniBTC liquid restaking protocol.
- Permissioned DeFi architecture will restrict token transfers to KYC-verified addresses only.
- The partnership aims for a definitive agreement by October 2027, pending regulatory approvals.
Background
Zhibao Technology is a company exploring the intersection of traditional equity markets and decentralized finance. Permissioned DeFi refers to blockchain environments that maintain decentralized settlement while requiring participants to undergo identity verification, effectively bridging the gap between open-ledger efficiency and institutional compliance requirements.