Core Viewpoint - The stablecoin industry is transitioning from "concept exploration" to "compliance implementation," with a focus on regulatory clarity and the establishment of a full industry chain in the Hong Kong stock market, where nearly 20 stablecoin concept stocks are involved [1]. Group 1: Business Positioning - Hong Kong stablecoin concept stocks generally focus on cross-border payments and broad RWA applications, with a "breadth-first" business model [2]. - In contrast, Huajian Medical's IVDD stablecoin adopts a "depth-first" strategy, concentrating on high-barrier medical innovation assets, including gene therapies and targeted drugs [3]. Group 2: Technical Architecture - Most Hong Kong stablecoin concept stocks utilize a "public chain + smart contract" generic architecture [4]. - Huajian Medical's IVDD employs a "hybrid architecture + deep adaptation to medical scenarios," enhancing asset tokenization precision and efficiency [6][7]. Group 3: Compliance Pathways - Hong Kong stablecoin concept stocks exhibit a "license-driven" compliance approach, with companies like Guotai Junan International obtaining licenses to provide stablecoin trading services [8][9]. - Huajian Medical's IVDD follows a "license + ecosystem" dual-driven model, applying for a stablecoin license while building a medical data flow platform [10]. Group 4: Ecological Value - Most Hong Kong stablecoin concept stocks are positioned as "payment tools," focusing on facilitating transactions [11][12]. - Huajian Medical's IVDD aims to be a "medical industry innovator," enhancing asset liquidity and potentially transforming the medical asset value ecosystem [13]. Group 5: Future Outlook - The implementation of Hong Kong's Stablecoin Regulation and the advancement of the U.S. GENIUS Act will lead to differentiation among Hong Kong stablecoin concept stocks [14]. - Huajian Medical's IVDD, as a pioneer in medical RWA, is expected to replicate successful financing models and expand its asset management scale significantly [15][16].
华检医疗(01931)IVDD稳定币与港股稳定币概念股的差异化路径解析