{"success":true,"data":{"pressRelease":{"id":"166599","rtpr_id":"nNFC94YkT-20261012","ticker":"ZBAO","exchange":"NASDAQ","all_tickers":["ZBAO"],"title":"Zhibao Technology Inc. and Bedrock Enter Strategic Collaboration to Explore On-Chain Tokenization of ZBAO Shares, Bitcoin Treasury Yield, and Permissioned DeFi Integration","author":"Newsfile Corp","published_at":"2026-10-12T15:00:18.374Z","article_body":"KEY HIGHLIGHTS\n*\nTokenization of Nasdaq Equity: Zhibao Technology Inc. (NASDAQ: ZBAO)\n(\"Zhibao,\" \"we,\" or the \"Company\") has signed a strategic framework agreement\nwith Bedrock to study and pilot a transfer-agent-level tokenization model for\nits SEC-registered Class A Ordinary Shares as native real-world asset (RWA)\nequity.\n*\nUnlocking Liability-Side & Treasury Synergies: The partnership explores\nextending Zhibao's digital asset strategy to its capital structure via 24/7\ncontinuous settlement and permissioned DeFi composability, alongside\nevaluating the productive deployment of a portion of its 2,380 BTC treasury\ninto Bedrock's liquid restaking infrastructure (uniBTC).\n*\nInsurTech Risk-Transfer Innovation: Leveraging its AI-driven InsurTech\nplatform and licensed reinsurance subsidiary, Zhibao aims to explore embedded\nprotection solutions for custody, smart contract, oracle, and operational\nrisks across liquid restaking and BTCfi ecosystems.\n\nShanghai, China--(Newsfile Corp. - October 12, 2026) - Zhibao Technology Inc.\n(NASDAQ: ZBAO) (\"Zhibao,\" \"we,\" or the \"Company\"), a leading high-growth\nInsurTech company, pioneer of the 2B2C digital embedded insurance model in\nChina, and Nasdaq-listed digital asset treasury issuer, today announced that\nit has entered into a strategic collaboration framework agreement (the\n\"Framework Agreement\") with Bedrock, the Intelligent Yield Engine for Bitcoin\nCapital and multi-asset liquid restaking protocol behind uniBTC, uniETH, and\nuniIOTX.\n\nThe Framework Agreement establishes a joint working group to explore the\non-chain issuance and circulation of the Company's SEC-registered Class A\nOrdinary Shares, their compliant integration with permissioned decentralized\nfinance (DeFi) infrastructure, and the productive deployment of the Company's\nBitcoin reserve. Under the proposed transfer-agent-level tokenization model,\nZhibao's Class A Ordinary Shares would be recorded and transferred natively on\npublic blockchain networks as real-world asset (RWA) equity-preserving full\nvoting, dividend, and shareholder rights-rather than as synthetic derivatives,\ntokenized IOUs, or newly created share classes.\n\nThe partnership will be subject to due diligence, audit and other customary\nprocedures, compliance with applicable PRC and U.S. SEC legal and regulatory\nrequirements, completion of Zhibao's De-Classification Restructuring, such\nthat Zhibao ceases to be regarded as a domestic enterprise issuing and listing\nits securities outside China for the purposes of the CSRC Filing Measures and\nis no longer subject to the filing requirements thereunder (if necessary).\nUpon and subject to the satisfaction of the foregoing, the transaction shall\nbe formalized by a definitive partnership agreement, which is currently\nexpected to be executed within the next 12 months.\n\nExtending Treasury Strategy to the Liability Side Following the closing of its\n$154.7 million Bitcoin-settled PIPE financing on August 17, 2026, Zhibao holds\none of the larger corporate Bitcoin reserves among U.S.-listed issuers\nheadquartered in Greater China, with 2,380 BTC on its balance sheet. While\nthis treasury strategy has historically focused on asset-side backing, the\nBedrock collaboration extends that strategy to the liability side of the\nCompany's capital structure.\n\nThrough this initiative, both parties will focus on four core workstreams:\n*\nTokenization Architecture & Regulatory Assessment: Jointly evaluating\ntransfer-agent-level tokenization models alongside SEC-registered digital\ntransfer agents, assessing foreign private issuer requirements, U.S. federal\nand state securities laws, Nasdaq listing rules, and Cayman Islands corporate\nlaw.\n*\nPermissioned DeFi Integration: Designing a compliance-gated,\nKYC/AML/sanctions-screened framework where tokenized ZBAO shares held in\nverified wallets can interact with issuer-approved decentralized applications,\nwith lock-ups and transfer restrictions enforced programmatically via smart\ncontracts.\n*\nBitcoin Treasury Productivity & Reserve Transparency: Evaluating the\ndeployment of a portion of Zhibao's 2,380 BTC reserve into Bedrock's\ninstitutional liquid restaking infrastructure (uniBTC) under qualified\ninstitutional custody, paired with automated, Chainlink-compatible\nproof-of-reserve attestations.\n*\nDigital Asset Risk Transfer: Utilizing Zhibao's AI-enabled InsurTech platform\nand its subsidiary, Zhibao Labuan Reinsurance Company Limited, to explore\nembedded insurance and reinsurance solutions for custody, smart contract,\noracle, and operational risks in asset management and liquid restaking.\n\nManagement Commentary\n\n\"When our investors contributed 2,380 Bitcoins to Zhibao's balance sheet, they\nbrought with them a conviction that the boundary between Bitcoin treasury,\ntokenized equity, RWA, and public company finance is dissolving,\" said Jinmei\nGuo Hellstroem, Chair of the Board and Chief Executive Officer of Zhibao\nTechnology Inc. \"This collaboration is the logical next step in our digital\nasset treasury and InsurTech roadmap. We were among the first in China to move\ninsurance distribution onto a digital, AI-enabled platform. We now intend to\nbe among the first Chinese InsurTech issuers to explore moving our own\nNasdaq-listed equity onto public blockchain rails-with full regulatory\ncompliance, full shareholder rights, proof-of-reserve transparency, and no\ncompromise to the integrity of our register.\"\n\nMs. Hellstroem added: \"Our shareholders should understand clearly what this is\nand what it is not. It is not a new share class, a token offering, an ICO, or\na substitute for our Nasdaq listing. It is an effort to give the\nSEC-registered Class A Ordinary Shares our shareholders already hold a second,\nmore modern set of rails-continuous 24/7 settlement, transparent on-chain\nownership records, programmable compliance, permissioned DeFi composability,\nand access to a global pool of Bitcoin, RWA, and institutional capital.\"\n\nImplementation and Regulatory Path The Framework Agreement is non-binding with\nrespect to the workstreams described above. Any tokenization of the Company's\nClass A Ordinary Shares, deployment of Bitcoin reserves into liquid restaking,\nor on-chain proof-of-reserve implementation remains subject to compliance with\napplicable U.S. federal and state securities laws, Nasdaq rules, foreign\nregulatory requirements, board approval, the engagement of SEC-registered\ntransfer agents and qualified custodians, and necessary filings. The Company\nwill provide progress updates through its ordinary course SEC disclosures,\nincluding filings on Form 6-K.\n\nAbout Zhibao Technology Inc.\n\nZhibao Technology Inc. is a leading and high-growth InsurTech company\nprimarily engaging in providing digital insurance brokerage services through\nits operating entities (\"Zhibao China Group\") in China. 2B2C\n(\"to-business-to-customer\") digital embedded insurance is the Company's\ninnovative business model, which Zhibao China Group pioneered in China. Zhibao\nChina Group launched the first digital insurance brokerage platform in China\nin 2020, which is powered by their proprietary PaaS (\"Platform as a Service\")\nand AI-enabled product, pricing, and risk systems. Following its August 2026\nPIPE, the Company holds a corporate Bitcoin treasury reserve of 2,380 BTC. For\nmore information, please visit: ir.zhibao-tech.com\n(https://api.newsfilecorp.com/redirect/anN10tXGJj).\n\nAbout Bedrock Bedrock is the Intelligent Yield Engine for Bitcoin Capital-a\nmulti-asset liquid restaking and BTCfi infrastructure that routes Bitcoin\nacross institutional-grade yield strategies through uniBTC, a unified and\nproductive form of Bitcoin capital. Bedrock's infrastructure is non-custodial,\nbuilt with the technical support of RockX, and integrates Chainlink Proof of\nReserve. For more information, please visit: bedrock.technology\n(https://api.newsfilecorp.com/redirect/24ogxTWB7b).\n\nNo Offer or Solicitation This press release does not constitute an offer to\nsell or the solicitation of an offer to buy any securities, nor shall there be\nany sale of securities in any jurisdiction in which such offer, solicitation,\nor sale would be unlawful prior to registration or qualification under the\nsecurities laws of any such jurisdiction. No tokenized security has been\nissued, offered, or made available by the Company as of the date of this press\nrelease. Any tokens purporting to represent shares of the Company that may\nexist on any blockchain network as of the date hereof are not authorized by\nthe Company.\n\nForward-Looking Statements\n\nStatements in this press release about future expectations, plans and\nprospects, as well as any other statements regarding matters that are not\nhistorical facts, may constitute \"forward-looking statements\" within the\nmeaning of The Private Securities Litigation Reform Act of 1995. The words\n\"anticipate,\" \"believe,\" \"continue,\" \"could,\" \"estimate,\" \"expect,\" \"intend,\"\n\"may,\" \"plan,\" \"is/are likely to,\" \"potential,\" \"predict,\" \"project,\"\n\"should,\" \"target,\" \"will,\" \"would\" and similar expressions are intended to\nidentify forward-looking statements, although not all forward-looking\nstatements contain these identifying words. The Company undertakes no\nobligation to update or revise publicly any forward-looking statements to\nreflect subsequent occurring events or circumstances, or changes in its\nexpectations that arise after the date hereof, except as may be required by\nlaw. These statements are subject to uncertainties and risks including, but\nnot limited to, the uncertainties related to market conditions, the receipt of\nshareholder approval, the satisfaction of post-closing covenants, and other\nfactors discussed in the \"Risk Factors\" section of our annual reports on Form\n20-F (as amended) and registration statements on Form F-1 (as amended) that\nhave been filed or will be filed from time to time with the SEC. Although the\nCompany believes that the expectations expressed in these forward-looking\nstatements are reasonable, it cannot assure you that such expectations will\nturn out to be correct, and the Company cautions investors that actual results\nmay differ materially from the anticipated results and encourages investors to\nreview other factors that may affect its future results in the Company's\nregistration statements and other filings with the SEC. Additional factors are\ndiscussed in the Company's filings with the SEC, which are available for\nreview at www.sec.gov.\n\nInvestor Relations Contact\n\nZhibao Technology Inc.\nInvestor Relations\nOffice Email: ir@zhibao-tech.com\n\nSkyline Corporate Communications Group, LLC\nScott Powell, President\nAvenues Tower\n1177 Avenue of the Americas, 5th floor\nNew York, NY 10036\nOffice: (646) 893-5835\nEmail: info@skylineccg.com\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/318530","article_body_html":"","raw_payload":{"data":{"id":"nNFC94YkT-20261012","title":"Zhibao Technology Inc. and Bedrock Enter Strategic Collaboration to Explore On-Chain Tokenization of ZBAO Shares, Bitcoin Treasury Yield, and Permissioned DeFi Integration","author":"Newsfile Corp","ticker":"ZBAO","created":"2026-10-12T15:00:18.374Z","tickers":["ZBAO"],"exchange":"NASDAQ","article_body":"KEY HIGHLIGHTS\n*\nTokenization of Nasdaq Equity: Zhibao Technology Inc. (NASDAQ: ZBAO)\n(\"Zhibao,\" \"we,\" or the \"Company\") has signed a strategic framework agreement\nwith Bedrock to study and pilot a transfer-agent-level tokenization model for\nits SEC-registered Class A Ordinary Shares as native real-world asset (RWA)\nequity.\n*\nUnlocking Liability-Side & Treasury Synergies: The partnership explores\nextending Zhibao's digital asset strategy to its capital structure via 24/7\ncontinuous settlement and permissioned DeFi composability, alongside\nevaluating the productive deployment of a portion of its 2,380 BTC treasury\ninto Bedrock's liquid restaking infrastructure (uniBTC).\n*\nInsurTech Risk-Transfer Innovation: Leveraging its AI-driven InsurTech\nplatform and licensed reinsurance subsidiary, Zhibao aims to explore embedded\nprotection solutions for custody, smart contract, oracle, and operational\nrisks across liquid restaking and BTCfi ecosystems.\n\nShanghai, China--(Newsfile Corp. - October 12, 2026) - Zhibao Technology Inc.\n(NASDAQ: ZBAO) (\"Zhibao,\" \"we,\" or the \"Company\"), a leading high-growth\nInsurTech company, pioneer of the 2B2C digital embedded insurance model in\nChina, and Nasdaq-listed digital asset treasury issuer, today announced that\nit has entered into a strategic collaboration framework agreement (the\n\"Framework Agreement\") with Bedrock, the Intelligent Yield Engine for Bitcoin\nCapital and multi-asset liquid restaking protocol behind uniBTC, uniETH, and\nuniIOTX.\n\nThe Framework Agreement establishes a joint working group to explore the\non-chain issuance and circulation of the Company's SEC-registered Class A\nOrdinary Shares, their compliant integration with permissioned decentralized\nfinance (DeFi) infrastructure, and the productive deployment of the Company's\nBitcoin reserve. Under the proposed transfer-agent-level tokenization model,\nZhibao's Class A Ordinary Shares would be recorded and transferred natively on\npublic blockchain networks as real-world asset (RWA) equity-preserving full\nvoting, dividend, and shareholder rights-rather than as synthetic derivatives,\ntokenized IOUs, or newly created share classes.\n\nThe partnership will be subject to due diligence, audit and other customary\nprocedures, compliance with applicable PRC and U.S. SEC legal and regulatory\nrequirements, completion of Zhibao's De-Classification Restructuring, such\nthat Zhibao ceases to be regarded as a domestic enterprise issuing and listing\nits securities outside China for the purposes of the CSRC Filing Measures and\nis no longer subject to the filing requirements thereunder (if necessary).\nUpon and subject to the satisfaction of the foregoing, the transaction shall\nbe formalized by a definitive partnership agreement, which is currently\nexpected to be executed within the next 12 months.\n\nExtending Treasury Strategy to the Liability Side Following the closing of its\n$154.7 million Bitcoin-settled PIPE financing on August 17, 2026, Zhibao holds\none of the larger corporate Bitcoin reserves among U.S.-listed issuers\nheadquartered in Greater China, with 2,380 BTC on its balance sheet. While\nthis treasury strategy has historically focused on asset-side backing, the\nBedrock collaboration extends that strategy to the liability side of the\nCompany's capital structure.\n\nThrough this initiative, both parties will focus on four core workstreams:\n*\nTokenization Architecture & Regulatory Assessment: Jointly evaluating\ntransfer-agent-level tokenization models alongside SEC-registered digital\ntransfer agents, assessing foreign private issuer requirements, U.S. federal\nand state securities laws, Nasdaq listing rules, and Cayman Islands corporate\nlaw.\n*\nPermissioned DeFi Integration: Designing a compliance-gated,\nKYC/AML/sanctions-screened framework where tokenized ZBAO shares held in\nverified wallets can interact with issuer-approved decentralized applications,\nwith lock-ups and transfer restrictions enforced programmatically via smart\ncontracts.\n*\nBitcoin Treasury Productivity & Reserve Transparency: Evaluating the\ndeployment of a portion of Zhibao's 2,380 BTC reserve into Bedrock's\ninstitutional liquid restaking infrastructure (uniBTC) under qualified\ninstitutional custody, paired with automated, Chainlink-compatible\nproof-of-reserve attestations.\n*\nDigital Asset Risk Transfer: Utilizing Zhibao's AI-enabled InsurTech platform\nand its subsidiary, Zhibao Labuan Reinsurance Company Limited, to explore\nembedded insurance and reinsurance solutions for custody, smart contract,\noracle, and operational risks in asset management and liquid restaking.\n\nManagement Commentary\n\n\"When our investors contributed 2,380 Bitcoins to Zhibao's balance sheet, they\nbrought with them a conviction that the boundary between Bitcoin treasury,\ntokenized equity, RWA, and public company finance is dissolving,\" said Jinmei\nGuo Hellstroem, Chair of the Board and Chief Executive Officer of Zhibao\nTechnology Inc. \"This collaboration is the logical next step in our digital\nasset treasury and InsurTech roadmap. We were among the first in China to move\ninsurance distribution onto a digital, AI-enabled platform. We now intend to\nbe among the first Chinese InsurTech issuers to explore moving our own\nNasdaq-listed equity onto public blockchain rails-with full regulatory\ncompliance, full shareholder rights, proof-of-reserve transparency, and no\ncompromise to the integrity of our register.\"\n\nMs. Hellstroem added: \"Our shareholders should understand clearly what this is\nand what it is not. It is not a new share class, a token offering, an ICO, or\na substitute for our Nasdaq listing. It is an effort to give the\nSEC-registered Class A Ordinary Shares our shareholders already hold a second,\nmore modern set of rails-continuous 24/7 settlement, transparent on-chain\nownership records, programmable compliance, permissioned DeFi composability,\nand access to a global pool of Bitcoin, RWA, and institutional capital.\"\n\nImplementation and Regulatory Path The Framework Agreement is non-binding with\nrespect to the workstreams described above. Any tokenization of the Company's\nClass A Ordinary Shares, deployment of Bitcoin reserves into liquid restaking,\nor on-chain proof-of-reserve implementation remains subject to compliance with\napplicable U.S. federal and state securities laws, Nasdaq rules, foreign\nregulatory requirements, board approval, the engagement of SEC-registered\ntransfer agents and qualified custodians, and necessary filings. The Company\nwill provide progress updates through its ordinary course SEC disclosures,\nincluding filings on Form 6-K.\n\nAbout Zhibao Technology Inc.\n\nZhibao Technology Inc. is a leading and high-growth InsurTech company\nprimarily engaging in providing digital insurance brokerage services through\nits operating entities (\"Zhibao China Group\") in China. 2B2C\n(\"to-business-to-customer\") digital embedded insurance is the Company's\ninnovative business model, which Zhibao China Group pioneered in China. Zhibao\nChina Group launched the first digital insurance brokerage platform in China\nin 2020, which is powered by their proprietary PaaS (\"Platform as a Service\")\nand AI-enabled product, pricing, and risk systems. Following its August 2026\nPIPE, the Company holds a corporate Bitcoin treasury reserve of 2,380 BTC. For\nmore information, please visit: ir.zhibao-tech.com\n(https://api.newsfilecorp.com/redirect/anN10tXGJj).\n\nAbout Bedrock Bedrock is the Intelligent Yield Engine for Bitcoin Capital-a\nmulti-asset liquid restaking and BTCfi infrastructure that routes Bitcoin\nacross institutional-grade yield strategies through uniBTC, a unified and\nproductive form of Bitcoin capital. Bedrock's infrastructure is non-custodial,\nbuilt with the technical support of RockX, and integrates Chainlink Proof of\nReserve. For more information, please visit: bedrock.technology\n(https://api.newsfilecorp.com/redirect/24ogxTWB7b).\n\nNo Offer or Solicitation This press release does not constitute an offer to\nsell or the solicitation of an offer to buy any securities, nor shall there be\nany sale of securities in any jurisdiction in which such offer, solicitation,\nor sale would be unlawful prior to registration or qualification under the\nsecurities laws of any such jurisdiction. No tokenized security has been\nissued, offered, or made available by the Company as of the date of this press\nrelease. Any tokens purporting to represent shares of the Company that may\nexist on any blockchain network as of the date hereof are not authorized by\nthe Company.\n\nForward-Looking Statements\n\nStatements in this press release about future expectations, plans and\nprospects, as well as any other statements regarding matters that are not\nhistorical facts, may constitute \"forward-looking statements\" within the\nmeaning of The Private Securities Litigation Reform Act of 1995. The words\n\"anticipate,\" \"believe,\" \"continue,\" \"could,\" \"estimate,\" \"expect,\" \"intend,\"\n\"may,\" \"plan,\" \"is/are likely to,\" \"potential,\" \"predict,\" \"project,\"\n\"should,\" \"target,\" \"will,\" \"would\" and similar expressions are intended to\nidentify forward-looking statements, although not all forward-looking\nstatements contain these identifying words. The Company undertakes no\nobligation to update or revise publicly any forward-looking statements to\nreflect subsequent occurring events or circumstances, or changes in its\nexpectations that arise after the date hereof, except as may be required by\nlaw. These statements are subject to uncertainties and risks including, but\nnot limited to, the uncertainties related to market conditions, the receipt of\nshareholder approval, the satisfaction of post-closing covenants, and other\nfactors discussed in the \"Risk Factors\" section of our annual reports on Form\n20-F (as amended) and registration statements on Form F-1 (as amended) that\nhave been filed or will be filed from time to time with the SEC. Although the\nCompany believes that the expectations expressed in these forward-looking\nstatements are reasonable, it cannot assure you that such expectations will\nturn out to be correct, and the Company cautions investors that actual results\nmay differ materially from the anticipated results and encourages investors to\nreview other factors that may affect its future results in the Company's\nregistration statements and other filings with the SEC. Additional factors are\ndiscussed in the Company's filings with the SEC, which are available for\nreview at www.sec.gov.\n\nInvestor Relations Contact\n\nZhibao Technology Inc.\nInvestor Relations\nOffice Email: ir@zhibao-tech.com\n\nSkyline Corporate Communications Group, LLC\nScott Powell, President\nAvenues Tower\n1177 Avenue of the Americas, 5th floor\nNew York, NY 10036\nOffice: (646) 893-5835\nEmail: info@skylineccg.com\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/318530"},"type":"article","timestamp":"2026-10-12T15:00:18.41525111Z","server_sent_at_ms":1791817218415},"received_at":"2026-10-12T15:00:18.467Z","source_url":"https://www.newsfilecorp.com/release/318530"},"analysis":{"id":"154941","press_release_id":"166599","analysis_json":{"industry":{"label":"Insurance Brokers","sector":"Financials"},"redFlags":["agreement is non-binding with only a 12-month window to negotiate a definitive deal","tokenization subject to complex PRC (CSRC), SEC, Nasdaq, and Cayman Islands regulatory hurdles","possible deployment of the 2,380 BTC treasury into liquid restaking introduces yield/custody risk","dependent on completion of a De-Classification Restructuring that may not occur"],"eventType":"partnership","narrative":"Zhibao Technology signed a non-binding strategic framework agreement with Bedrock to explore transfer-agent-level tokenization of its SEC-registered Class A shares as on-chain real-world asset equity.\n\nThe collaboration also evaluates deploying part of Zhibao's 2,380 BTC treasury into Bedrock's uniBTC liquid restaking infrastructure and exploring InsurTech-based risk coverage for custody and smart contract risks.\n\nThe agreement is explicitly non-binding, subject to extensive regulatory, board, and restructuring conditions, with a definitive partnership agreement not expected for up to 12 months; no tokenized security has been issued.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Crypto-adjacent headline with no committed economics -- a non-binding exploration agreement, not a tokenization deal."},"keyFigures":{"customDimensions":{"btc_treasury":2380,"pipe_financing":"$154.7 million","definitive_agreement_timeline":"expected within the next 12 months"}},"quotedText":"Our shareholders should understand clearly what this is and what it is not. It is not a new share class, a token offering, an ICO, or a substitute for our Nasdaq listing.","namedEntities":{"people":[{"name":"Jinmei Guo Hellstroem","role":"Chair of the Board and Chief Executive Officer of Zhibao Technology Inc."},{"name":"Scott Powell","role":"President, Skyline Corporate Communications Group"}],"products":["uniBTC","uniETH","uniIOTX"],"companies":[{"name":"Zhibao Technology Inc.","ticker":"ZBAO","relationship":"filer"},{"name":"Bedrock","relationship":"partner"},{"name":"RockX","relationship":"technical support for partner"},{"name":"Zhibao Labuan Reinsurance Company Limited","relationship":"subsidiary"},{"name":"Skyline Corporate Communications Group, LLC","relationship":"IR agency"},{"name":"Chainlink","relationship":"technology integration"}],"dollarAmounts":[{"amount":"$154.7 million","context":"Bitcoin-settled PIPE financing closed August 17, 2026"}]},"materialImpact":{"score":2,"reasoning":"A non-binding exploratory framework agreement with no definitive deal, no committed capital deployment, and a 12-month window to potentially execute a definitive agreement. Novel but speculative; actual economics unchanged."},"tickerRelevance":{"others":[],"primary":"ZBAO"},"globalImportance":22,"audienceRelevance":30,"eventTypeSecondary":["operations_update"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"non-binding framework agreement","noveltyBoost":"Nasdaq share tokenization concept","issuerAuthored":true}},"event_type":"partnership","event_type_secondary":["operations_update"],"sentiment":"neutral","material_impact_score":2,"narrative":"Zhibao Technology signed a non-binding strategic framework agreement with Bedrock to explore transfer-agent-level tokenization of its SEC-registered Class A shares as on-chain real-world asset equity.\n\nThe collaboration also evaluates deploying part of Zhibao's 2,380 BTC treasury into Bedrock's uniBTC liquid restaking infrastructure and exploring InsurTech-based risk coverage for custody and smart contract risks.\n\nThe agreement is explicitly non-binding, subject to extensive regulatory, board, and restructuring conditions, with a definitive partnership agreement not expected for up to 12 months; no tokenized security has been issued.","key_figures":{"customDimensions":{"btc_treasury":2380,"pipe_financing":"$154.7 million","definitive_agreement_timeline":"expected within the next 12 months"}},"named_entities":{"people":[{"name":"Jinmei Guo Hellstroem","role":"Chair of the Board and Chief Executive Officer of Zhibao Technology Inc."},{"name":"Scott Powell","role":"President, Skyline Corporate Communications Group"}],"products":["uniBTC","uniETH","uniIOTX"],"companies":[{"name":"Zhibao Technology Inc.","ticker":"ZBAO","relationship":"filer"},{"name":"Bedrock","relationship":"partner"},{"name":"RockX","relationship":"technical support for partner"},{"name":"Zhibao Labuan Reinsurance Company Limited","relationship":"subsidiary"},{"name":"Skyline Corporate Communications Group, LLC","relationship":"IR agency"},{"name":"Chainlink","relationship":"technology integration"}],"dollarAmounts":[{"amount":"$154.7 million","context":"Bitcoin-settled PIPE financing closed August 17, 2026"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-12T15:00:24.411Z","global_importance":22,"audience_relevance":30,"importance_components":{"tickerTier":"small-cap","eventGravity":"non-binding framework agreement","noveltyBoost":"Nasdaq share tokenization concept","issuerAuthored":true}},"durationMs":5915,"modelName":"glm-5.3-flashx"}}