Core Viewpoint - The strategic partnership between Hainan Huatie and RWA Research Institute aims to integrate real-world assets (RWA) with the digital economy, marking a significant step in the digital transformation of traditional industries in China [2][3]. Group 1: Strategic Cooperation - Hainan Huatie announced a deep strategic cooperation with RWA Research Institute on June 25, focusing on three main areas: asset on-chain value reassessment, industry standard formulation, and global circulation practices [2]. - This collaboration represents the first instance of a Chinese entity establishing a compliant ecosystem for RWA that connects policy, technology, and cross-border operations [2]. Group 2: Asset Valuation and Digital Transformation - The partnership will develop a blockchain-based asset valuation model that covers the entire lifecycle of equipment, integrating IoT dynamic data, computing power demand indices, and market circulation factors [3]. - The model aims to redefine the value of traditional physical assets into digital assets, enhancing their liquidity and financial attributes [3]. Group 3: Regulatory Framework and Cross-Border Solutions - The recent RWA sandbox project regulations and stablecoin issuance guidelines from the Hong Kong Monetary Authority provide a regulatory framework for Chinese real assets to enter global markets [4]. - Hainan Huatie plans to contribute to the development of the "RWA Project Evaluation Standards," facilitating the cross-border circulation of engineering equipment and computing resources [4]. Group 4: Practical Applications and Market Development - The establishment of the "RWA + Real Economy" joint laboratory will accelerate the implementation of three key industry scenarios: on-chain fractional leasing of engineering equipment, the creation of a trading market for computing resources, and a cross-border leasing platform for high-tech equipment in Southeast Asia [6]. - The collaboration also aims to explore green finance models that link computing power assets with carbon assets, supporting the green "Belt and Road" initiative [6]. Group 5: Overcoming Challenges in RWA Implementation - The partnership addresses three major challenges in RWA implementation: solving the "asset scarcity" issue through the scale of physical assets, overcoming "going global" difficulties with the Hong Kong compliance framework, and reducing "trust costs" through hardware-level on-chain solutions [7]. - The formation of a global circulation paradigm for "on-chain Chinese assets" is expected to drive the deep integration of the digital economy with the real economy, injecting momentum into the development of new productive forces [7].

Core Viewpoint - OSL Group is acquiring 90% of Evergreen Crest Holdings Ltd for $15 million, aiming to enter the Indonesian digital asset market, which is considered one of the most promising cryptocurrency markets in Asia [1][2] Group 1: Acquisition Details - The acquisition involves OSL Midaspay Limited, a wholly-owned subsidiary of OSL Group, purchasing shares from Lau Shu Ming for a total consideration of $15 million, equivalent to approximately HKD 117 million [1] - The shares issued as part of the payment will represent about 1.48% of the company's total issued shares as of the announcement date [1] - Upon completion, Evergreen Crest Holdings Ltd will become an indirect subsidiary of OSL Group, and its financial performance will be consolidated into the company's financial statements [1] Group 2: Market Potential - The acquisition is expected to provide immediate and strategic access to the Indonesian digital asset market, which has key growth drivers such as a large young population, robust economic growth, and rapidly increasing cryptocurrency adoption [2] - According to industry reports, the number of cryptocurrency users in Indonesia is projected to reach approximately 22.1 million by November 2024, with total trading volume expected to reach $34.25 billion, reflecting a year-on-year growth of about 356.16% [2] - The number of registered cryptocurrency companies in Indonesia is anticipated to increase to 2,251 by June 2024, representing a year-on-year growth of approximately 72% [2] Group 3: Strategic Benefits - The acquisition will allow OSL Group to quickly obtain valuable regulatory licenses for cryptocurrency spot and derivative trading in Indonesia, avoiding lengthy and uncertain new license application processes [2] - The regulatory licenses held by the target company's subsidiaries will provide a compliance platform for expanding services in Indonesia, particularly in emerging business lines such as Real World Assets (RWA) and payment finance (PayFi) [3] - Indonesia ranks third globally in RWA attention, accounting for about 10.1% of the global total, indicating significant activity in this area [3] Group 4: Brand and Operational Synergies - The acquisition is expected to enhance OSL Group's brand recognition, market penetration, and reputation in the Southeast Asian digital asset sector [3] - The target group's brand "Koin Sayang" resonates locally, and OSL Group plans to implement unified marketing and public relations activities to expand its brand influence in Indonesia [3] - The acquisition is anticipated to create synergies and operational efficiencies by combining OSL Group's technological capabilities and extensive product offerings with the local licenses and strategic contributions of the target group [3] Group 5: Financial Considerations - The acquisition consideration will be settled through the issuance of shares rather than cash, allowing OSL Group to retain its existing cash reserves for future operations, business development, and potential investment opportunities [4]

在政策热潮推动下，数字货币概念股接力走高。 Wind（万得）数据显示，截至5月30日，A股数字货币指数单周上涨10.89%。5月30日单日，A股数字货 币指数更是触及2022.84的高点。 从个股来看，5月30日，拉卡拉收报24.56元/股，较上日收盘上涨3.4%。雄帝科技收报25.00元/股，较上 日收盘上涨13.22%。实际上，就在5月29日，拉卡拉、雄帝科技、四方精创等数字货币概念股均涨停。 数字货币概念股在港股市场同样火爆。不过，在连涨多日后，不少资金获利了结，一些数字货币概念股 在5月30日回调。 截至5月30日，在港股市场上，连连数字、众安在线单周上涨幅度达34%和55%。但就当日单日来看， 连连数字收报10.02港元/股，较上日收盘跌5%。众安在线收报19.26港元/股，较上日收盘跌8.5%。 对于未来何种企业和股票将持续上涨，于佳宁认为，其一，将是具备合规路径预期、基础设施能力与金 融嵌入场景的企业，尤其是能够在"监管框架—金融服务—实际落地"三者之间建立技术与制度桥梁的参 与者；其二，是拥有可通证化资产池与链上原生发行能力的现实世界资产（RWA）技术平台型公司。 这类公司可以将稳定币从纯金融 ...

Group 1 - The core concept revolves around Real World Assets (RWA), which digitalizes physical assets with actual value and economic significance, enabling their transformation into tradable digital tokens through securitization and blockchain technology [1] - RWA combines the mature experience of Real Estate Investment Trusts (REITs) with blockchain's distributed ledger and smart contract features, enhancing liquidity and transparency while reducing transaction costs [1][5] - The integration of RWA and Revenue-Based Financing (RBF) creates a powerful synergy that addresses the challenges of narrow financing channels and enhances the efficiency of resource allocation in the economy [5][6] Group 2 - RBF allows companies to convert future expected income streams into immediate capital without relinquishing equity or providing substantial collateral, thus opening new financing avenues [3][5] - The RBF model utilizes discrete function algorithms to structure and discount future cash flows, enabling businesses to access funds in advance for growth opportunities [3][6] - The combination of RWA and RBF not only resolves financing difficulties for enterprises but also promotes a healthy circulation between on-chain and off-chain economies, facilitating efficient resource flow [5][8]

Core Perspective - The article discusses the launch of the DTO economic model by Qichain, which integrates Real World Assets (RWA) with advanced technologies like blockchain, IoT, and AI to create a new system for asset digitization, circulation, and value release, aiming to enhance the synergy between the real economy and the digital economy [1] Group 1: Core Architecture - The DTO (RWA) model is built on the W1EC dual-layer architecture and AI toolchain, creating a "technology + scenario + ecosystem" digital infrastructure [3] - It utilizes blockchain's immutability for asset ownership mapping and verification, while IoT technology ensures real-time data collection and validation of physical assets, enhancing the authenticity, security, and traceability of the digitization process [3] - The model encompasses various asset types, including real estate, land, intellectual property, and supply chain assets, transforming traditional assets into standardized, divisible, and tradable digital tokens, thus establishing a global digital asset trading network [3] Group 2: Innovative Value - The model significantly enhances liquidity by enabling instant transactions and global circulation through asset tokenization, addressing the long-standing low liquidity in traditional asset trading [5] - It introduces innovative financing models for SMEs and individuals, allowing them to quickly obtain on-chain financing by pledging digital tokens, thus overcoming traditional financial system challenges [6] - The use of blockchain's distributed ledger technology ensures full transparency of asset information, enabling precise risk and return assessments, and promoting capital flow to high-potential areas [7] Group 3: Application Scenarios - In supply chain finance, the tokenization of receivables and inventory allows suppliers to realize asset monetization through on-chain platforms, while financial institutions can manage risks through automated smart contracts [9] - The digitalization of cultural and artistic assets through blockchain ensures unique rights and traceability, enabling artists to issue digital tokens for value sharing and collectors to participate in global circulation [10] - The model enhances cross-border trade by breaking down geographical and currency barriers, automating trade processes, and enabling real-time fund settlement [11] - In agriculture, the tokenization of land use rights and agricultural products allows farmers to flexibly circulate assets for funding, while consumers can secure quality products through tokens, supporting rural revitalization and industrial upgrades [12] Group 4: Future Outlook - The DTO (RWA) model is positioned as a key driver for the digital transformation of the global economy, with plans for continued collaboration with leading institutions across various sectors, including energy, healthcare, and green finance [14] - Qichain aims to integrate the RWA model with emerging technologies like Web3.0 and the metaverse, fostering an open and interconnected global digital asset ecosystem to break traditional economic barriers and unleash asset potential [14] Group 5: About Qichain - Qichain is a leading enterprise in the digital economy sector, focusing on the deep integration of blockchain technology with the real economy, having provided asset digitization solutions to over a hundred global institutions [16]