Core Viewpoint - The announcement by Huajian Medical Holdings Limited regarding its partnership with ETHK Group marks a significant step towards creating a new financial ecosystem on the blockchain, aiming to enhance the global flow and reconstruction of value in the healthcare sector [1][5]. Group 1: Company Strategy and Transformation - Huajian Medical has changed its name to Huajian Digital Industry Group Limited, reflecting its strategic shift towards digital finance and blockchain technology [1][4]. - The collaboration with ETHK Group aims to establish two new companies, ETHK INC and ETHK HOLDINGS LIMITED, focusing on decentralized financial platforms and global capital integration [1][6]. - The partnership is seen as a strategic extension of Huajian Medical's efforts to explore a dual-driven model of "assets + finance," enhancing the liquidity and global accessibility of its innovative assets [9][11]. Group 2: ETHK Ecosystem Development - The ETHK ecosystem is built on five key pillars: technological infrastructure, financial products and asset matrix, sustainable business models, global compliance frameworks, and seamless user experience [7][8]. - The focus on asset tokenization, particularly in the healthcare sector, aims to facilitate efficient global financing and value discovery for high-quality Chinese assets [8][12]. - The initiative is positioned as a response to the growing trend of Real World Asset (RWA) tokenization, which is gaining traction among major financial institutions globally [12][14]. Group 3: Market Implications and Future Outlook - The collaboration is expected to redefine the global financial landscape by breaking down barriers for Chinese assets and enabling them to engage in a global value dialogue [13][14]. - The project is viewed as a significant opportunity for Chinese enterprises to align with global regulatory frameworks while innovating within the blockchain space [15]. - The success of this initiative could position Huajian Medical as a key player in the emerging digital financial ecosystem, potentially reshaping the global financial order [16][17].

Core Viewpoint - Yunfeng Financial (00376) has announced a strategic partnership with Ant Digital Technology and a significant investment in the Pharos blockchain, focusing on the tokenization of real-world assets (RWA) and Web3 development [1] Group 1: Strategic Partnership and Investment - On September 1, Yunfeng Financial announced a strategic cooperation agreement with Ant Digital Technology [1] - The company is making a strategic investment in Pharos, a next-generation Layer 1 blockchain focused on RWA tokenization [1] Group 2: Market Activity and Financial Moves - As of the report, Yunfeng Financial's stock rose over 6%, trading at HKD 3.57 with a transaction volume of HKD 36.34 million [1] - On September 2, the board approved the purchase of 10,000 Ethereum (ETH) as a strategic reserve asset, with a total investment cost of USD 44 million sourced from internal cash reserves [1] Group 3: Future Development Focus - The collaboration with Ant Digital Technology aims to expand the compliant tokenization of RWA and explore next-generation internet (Web3) applications [1] - The acquisition of ETH is intended to support the company's initiatives in Web3, RWA tokenization, digital currency, ESG zero-carbon assets, and artificial intelligence, while also exploring ETH's applications in the insurance sector [1]

Core Viewpoint - Yunfeng Financial Group has announced a strategic cooperation agreement with Ant Group's Ant Digital Technology, alongside a strategic investment in Pharos Network Technology Limited, aiming to leverage both parties' strengths in blockchain and digital finance [2]. Group 1: Strategic Cooperation - The collaboration will utilize Ant Digital's technological expertise in blockchain and digital finance, combined with Yunfeng Financial's experience in asset management, securities, insurance, and renewable carbon assets [2]. - The partnership will focus on compliant expansion into real-world asset tokenization (RWA) and next-generation internet (Web3) through Pharos' high-performance public chain platform [2]. Group 2: Investment in Pharos - Pharos is described as a next-generation Layer 1 public chain that focuses on building institutional-level applications for real-world assets [2]. - The investment aims to accelerate the integration of Web3 with current financial systems, creating synergistic value for all parties involved [2].

Group 1 - The core point of the article is that Yunfeng Financial Group has announced a strategic cooperation agreement with Ant Group's Ant Digital Technology, along with a strategic investment in Pharos Network Technology Limited [1] - The collaboration aims to leverage Ant Digital's technological expertise in blockchain and digital finance, combined with Yunfeng's experience in financial services such as asset management, securities, insurance, and new energy carbon assets [1] - The partnership will focus on compliant expansion into real-world asset tokenization (RWA) and next-generation internet (Web3) through Pharos's high-performance public chain platform, emphasizing compliance and security [1] Group 2 - Pharos is described as a next-generation Layer 1 public chain that focuses on building institutional-level applications for real-world assets [1] - The investment in Pharos is expected to enhance the integration of Web3 with current financial systems, creating synergistic value for all parties involved [1]

Core Viewpoint - A strategic acquisition valued at HKD 3.142 billion is reshaping China's global competitive landscape in the Real World Asset (RWA) tokenization sector [1] Group 1: Strategic Collaboration - The acquisition involves Huajian Medical acquiring approximately 1.848 billion shares of Guofu Quantum, representing 20.31% of the latter's issued share capital, for a total consideration of HKD 3.142 billion [1][4] - This transaction positions Huajian Medical as the largest shareholder of Guofu Quantum, which holds multiple financial licenses in Hong Kong, thereby creating a crucial bridge between traditional finance and Web3 on-chain finance [4][5] - The collaboration is expected to release significant synergies, combining Huajian Medical's leadership in medical testing equipment distribution with Guofu Quantum's comprehensive technology and financial investment platform [5] Group 2: Policy Alignment - The strategic move aligns with national policy directions aimed at fostering technological financial innovation, as outlined in a joint policy document by several Chinese government departments [6][7] - Recent regulatory advancements in Hong Kong, including the implementation of a stablecoin licensing regime, provide a clear compliance framework for RWA token issuance and trading [7] Group 3: Economic Impact - The acquisition's strategic value extends beyond commercial interests, aiming to enhance national innovation and public welfare by improving the liquidity of high-value medical assets through RWA tokenization [8] - The Chinese innovative drug transaction volume is projected to reach USD 60.8 billion in the first half of 2025, reflecting a 129% year-on-year increase, indicating growing global recognition of Chinese innovative drug assets [8] Group 4: Ecosystem Development - Huajian Medical is accelerating the establishment of an RWA exchange platform and on-chain financial ecosystem, including applying for a stablecoin license in the U.S. [9] - The company has initiated a strategic partnership with HashKey to enhance its Ethereum (ETH) treasury strategy, aiming to become a leading entity in ETH reserves within the Hong Kong and global markets [9] - The formation of the "Hong Kong Digital Asset Listed Companies Association" will support Huajian Medical's ecosystem expansion, connecting various stakeholders in the digital asset space [9] Group 5: Industry Growth - The RWA sector is transitioning from concept validation to large-scale application, with total locked value (TVL) in RWA reaching USD 12.5 billion by June 2025, a 124% increase from 2024 [9] - The market size surged from USD 8.6 billion to USD 23 billion in the first half of 2025, marking an increase of over 260% [9] Group 6: Strategic Significance - The partnership between Huajian Medical and Guofu Quantum signifies a critical step for China in the RWA infrastructure sector, potentially securing a first-mover advantage in global competition and enhancing the country's autonomous capabilities in digital financial infrastructure [10]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Ruihe Data Technology Holdings Limited 關於現實世界資產代幣化及新能源合作的框架協議 瑞和數智科技控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：3680） 自願性公告– 本 自 願 性 公 告 由 瑞 和 數 智 科 技 控 股 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本 集 團」）發 佈，旨 在 向 本 公 司 股 東 及 潛 在 投 資 者 提 供 本 集 團 最 新 業 務 發 展 情 況。 本公司董事會（「董事會」）欣然宣佈，本集團已與鐵林超光（深圳）科技有限公司（「合 作夥伴」）簽 訂 框 架 協 議（「框架協議」），旨 在 建 立 緊 密 合 作 關 係，共 同 推 進 現 實 世 界 資 產（「RWA」）代 幣 化 領 域 的 業 務。據 董 事 所 知，合 作 夥 伴 及 其 最 終 實 益 擁 有 人均為本公司 ...

Core Viewpoint - The company, 驴跡科技 (01745.HK), has announced a potential framework cooperation agreement with a Hong Kong-based technology firm to develop projects related to the tokenization of cultural and creative intellectual property as real-world assets (RWA) and other digital assets [1]. Group 1: Cooperation Details - The initial discussions indicate that both parties aim to collaborate on RWA products and other digital asset projects [1]. - The company will leverage its strengths in global geographical and cultural education and digital content in scenic areas to support the development of related assets and provide technical support for the foundational platform [1]. - The cooperation partner will work with qualified financial institutions to develop RWA products and provide professional services for the launch of these products, fundraising through digital and fiat currencies, and asset appreciation through trading [1]. Group 2: Infrastructure and Strategic Partnership - Both parties plan to jointly invest and operate a data center in Hong Kong as the infrastructure for the projects [1]. - The cooperation partner is a supplier of Kingsoft Cloud solutions, distributing products in the Hong Kong financial sector and closely linked with resources in data operations, financial markets, and web3 [1]. - The partner has collaborated with a Chinese financial institution that is regulated by the Hong Kong Securities and Futures Commission to enhance its license for virtual asset portfolio management services [1].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 – 1 – 本 公 司 謹 此 強 調，截 至 本 公 告 日 期，有 關 框 架 合 作 協 議 的 合 作 細 節 及 最 終 商 業 模式仍處于初步階段，尚待進一步磋商及落實。本公司亦確認，雙方並未就框架 合 作 協 議 達 成 任 何 具 體 條 款 或 簽 署 最 終 協 議。本 公 司 將 根 據 香 港 聯 合 交 易 所 有 限公司證券上市規則及其他適用法律法規之規定，于必要時再作公佈。 承董事會命 Lvji Technology Holdings Inc. 驢跡科技控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號︰1745） 自願公告 潛在業務更新 本 公 告 由 驢 跡 科 技 控 股 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱 為「本集團」） 自願作出。 近 期，本 公 司 與 一 間 位 於 香 港 的 科 技 公 司（「合作方」）進 行 溝 通，擬 ...

Core Insights - The stock price of Ocean Group (01991.HK) surged over 6% intraday on August 22, closing up 4.03% at HKD 1.55 per share, with a cumulative increase of over 115% from August 1 to date [1][2] Group 1: Web 4.0 Strategy - Ocean Group held a Web 4.0 strategy launch event on August 20, unveiling its transformation blueprint and initiating the Real World Asset (RWA) ecosystem [1] - The chairman, Shi Qi, emphasized that Web 4.0 represents not only a technological evolution but also an ecological reconstruction, aiming to build a smart, autonomous, and sustainable digital economy [1] - The core framework of the Web 4.0 strategy includes three pillars: Data Standardization, Asset Tokenization, and Transnational Value, leveraging AI digital humans to empower education, gaming, and healthcare sectors [1][2] Group 2: Sector-Specific Applications - In the education sector, AI digital human technology will generate personalized content, RWA-izing research outcomes for knowledge asset sharing and cash flow stabilization [2] - The gaming sector will utilize AI digital human technology to enhance immersion, tokenizing virtual assets like props and land to construct a metaverse economy [2] - In the healthcare sector, AI digital human medical assistants will RWA-ize health data and service assets, improving user experience and generating capital returns [2] Group 3: Revenue Streams - Ocean Group anticipates deriving four types of revenue from its involvement in the AI industry: income from AI digital human traffic, one-stop financing consulting for SMEs involving AI and RWA, transaction fees related to RWA trading, and subscription fees for multilingual and multicultural AI customer service and marketing outsourcing [2] Group 4: Company Background - Established in 1991 and listed on the Hong Kong Stock Exchange in 2007, Ocean Group is one of the largest integrated service providers in silicone raw material production and processing [2] - The company has achieved rapid asset growth through comprehensive industry integration, structural adjustments, and value reconfiguration, with main business segments including silicone, digital marketing, retail, healthcare, and hospitality [2]

Investment Rating - The report does not explicitly provide an investment rating for the stablecoin industry Core Insights - The stablecoin market is experiencing explosive growth, driven by increased trading frequency in the cryptocurrency market, advantages in payment and settlement, rising geopolitical risks, and a positive cycle of regulatory compliance and institutional adoption [1][18] - Stablecoins are evolving from mere trading tools in the crypto ecosystem to a new financial infrastructure, acting as a bridge between the crypto world and traditional finance [1][30] - The growth drivers for the stablecoin industry are shifting from cryptocurrency trading demand to cross-border payments, with Real World Asset (RWA) tokenization expected to become a new growth driver in the long term [1][18] Summary by Sections What are Stablecoins? - Stablecoins are cryptocurrencies that maintain value stability by being pegged to assets like fiat currencies or commodities, solving the volatility issues of traditional cryptocurrencies while retaining the advantages of blockchain technology [7] Market Size - As of August 5, 2025, the global stablecoin market capitalization is nearly $270 billion, with a compound annual growth rate (CAGR) exceeding 100% from 2020 to 2025. The transaction volume is projected to reach $27.6 trillion in 2024, surpassing traditional payment giants Visa and Mastercard [18][22] Competitive Landscape - As of August 5, 2025, the stablecoin market is dominated by two major players: USDT with a market cap of approximately $164.7 billion (61% market share) and USDC with a market cap of $64.3 billion (24% market share) [22][23] Potential Impacts of Stablecoins - Stablecoins are expected to reshape global financial systems by lowering costs and increasing efficiency in cross-border payments, accelerating financial disintermediation, reinforcing the dominance of the US dollar, and promoting the development of decentralized finance (DeFi) [1][38] Global Regulatory Framework - A global regulatory framework for stablecoins is rapidly forming, transitioning from unregulated growth to structured development. Key regulations include the US GENIUS Act, Hong Kong's Stablecoin Ordinance, and the EU's MiCA regulation, all aiming to establish clear guidelines for stablecoin issuance and operation [2][43][44]