Chinese companies are utilizing digital tokens to represent rare Huanghuali trees and other commodities as a way to tackle liquidity challenges across industries. Firms in Hainan, China, are taking pictures of these scarce rosewood trees to create virtual assets. Zhao Xiaobao, the Hainan representative for Geely Technology Group, part of the Chinese automaker Geely Automobile Holdings, highlighted the potential of converting Huanghuali into tradable tokens to provide essential funding for industries facing financial hardships. This innovative approach aims to alleviate cash flow issues in various sectors.