Core Insights - The U.S. financial regulatory stance on RWA tokenization has shifted significantly, with Federal Reserve Governor Christopher Waller stating that there is "nothing to be afraid of" regarding the use of smart contracts and tokenization technology in daily transactions, providing unprecedented policy certainty for the burgeoning trillion-dollar RWA sector [1][6] - Major financial institutions are actively entering the RWA tokenization space, with Galaxy Digital announcing the tokenization of its stock through the Superstate platform, indicating a trend where traditional finance and decentralized finance boundaries are increasingly blurring [2] - The integration of Chainlink's Proof of Reserve and NAV data oracles into AlloyX's tokenized money market fund RYT represents a critical breakthrough in ensuring the authenticity of on-chain assets, addressing the trust issues central to RWA development [3] Regulatory Developments - Waller's speech reflects a new understanding of tokenization technology by U.S. regulators, moving from passive defense to proactive construction of a regulatory framework for traditional asset tokenization, as evidenced by discussions between the SEC's cryptocurrency task force and Kraken [6] - The clarity in policy is creating new opportunities for decentralized trading platforms like XBIT, which offers a neutral, global venue for emerging RWA assets, emphasizing transparency and security through smart contracts [7] Future Outlook - The ultimate goal of RWA tokenization is to bring trillions of dollars of traditional assets onto the blockchain, unlocking significant liquidity premiums and innovation potential across various asset classes, including real estate, art, private equity, and government bonds [9] - A positive feedback loop is forming among technology, regulation, and market needs, with decentralized trading platforms like XBIT serving as essential market infrastructure for a secure, efficient, and transparent trading environment [9]

Core Insights - RWA (Real World Assets) tokenization is rapidly transforming the financial ecosystem, bridging traditional finance and the crypto world, and creating a new market worth hundreds of millions of dollars [1][12] Group 1: Corporate Investment Trends - Several listed companies are increasing their investments in Bitcoin and Ethereum, with notable purchases including Metaplanet's acquisition of 1,112 BTC, bringing its total to 19,663 BTC valued over $2.3 billion [3] - MicroStrategy added 430 BTC for $51.4 million, raising its total holdings to 629,376 BTC [3] - Hong Kong's Ming Cheng Group signed an agreement to purchase 4,250 BTC valued at $483 million, indicating institutional confidence in digital assets [3] - Ethereum also sees significant investments, with Huajian Medical announcing a $384 million ETH investment plan and Bitmine investing $45 million for 9,613 ETH [3] Group 2: RWA Tokenization Projects - RWA tokenization is creating new asset classes, exemplified by Web3 Group Limited's "consumer goods redemption rights" project, backed by $105 million in audited assets and a guarantee of 220 million shares from a Hong Kong-listed company [3] - This project aims to link digital assets with physical consumer products, providing a new financing and circulation model for traditional consumer goods [3] Group 3: Tokenized Fund Market Growth - The tokenized fund market is experiencing explosive growth, with total assets under management (AUM) projected to reach $7.5 billion by July 2025, showing accelerated growth since the second half of 2024 [5] - Ondo Finance ranks second among issuers, while BlackRock leads with its $2.4 billion BUIDL money market fund [5] Group 4: Federal Reserve Policy Impact - The Federal Reserve's monetary policy is a key variable influencing the RWA tokenization process, with analysts suggesting that maintaining current interest rates could drive traditional institutions to seek higher-yielding tokenized assets [7] Group 5: Creator Economy and Tokenization - RWA tokenization is reshaping the creator economy, with new value creation mechanisms allowing content creators to monetize their work through creator tokens, enhancing their earning potential [8] Group 6: User Engagement Initiatives - BOSS Wallet launched the FreeStyle Classic (FST) Alpha trading event to boost user engagement, allowing users holding at least 200 Binance Alpha points to claim 800 FST tokens through a first-come-first-served mechanism [9] Group 7: XBIT Platform Innovations - XBIT.Exchange, a decentralized trading platform, is gaining user favor due to its non-custodial design, allowing users full control over their private keys and trading without KYC verification [11] Group 8: Market Outlook and Challenges - The RWA tokenization market faces challenges such as regulatory uncertainty and market liquidity, but experts anticipate it could exceed $10 billion by the end of 2025 as regulatory frameworks become clearer [11] - XBIT is positioned to provide liquidity support for various tokenized assets, aligning with the decentralized spirit of RWA projects [11]

Core Insights - The company announced the launch of an AI-driven international supply chain technology platform, marking the official start of its globalization strategy [1] - The platform aims to serve small and medium-sized enterprises in the global supply chain, providing flexible supply chain services, financial solutions, currency management, and digital empowerment [1] - The Singapore subsidiary has been established as the group's international headquarters, with plans to strategically increase resource investment to expand global market operations [1] Operational Analysis - The company has formed partnerships with over 30 international financial institutions and has collaborated with several leading regional and industry players to expand its business in Southeast Asia [1] - Notable collaborations include providing cross-border supply chain services for Carro, assisting Chinese merchants on Shopee, and working with Shein's core suppliers to explore markets in Vietnam and Morocco [1][2] - The platform will incorporate blockchain technology and promote RWA tokenization to convert quality international supply chain assets into standardized, traceable digital assets, enhancing capital turnover efficiency [2] Profit Forecast, Valuation, and Rating - The company is expected to see continued growth in its e-commerce, AI, and robotics sectors, driving the expansion of its supply chain technology platform [2] - With an increasing proportion of high-value revenue, the overall fee structure is expected to optimize, enhancing profitability [2] - The projected total dividend payout for 2025 is approximately RMB 950 million, with a forecasted dividend yield of 8.3% [2] - Expected net profits for 2025-2027 are RMB 512 million, 705 million, and 1.014 billion, reflecting year-on-year growth rates of 35%, 38%, and 44% respectively [2] - The current stock price corresponds to a 2025 PE ratio of 22.3 times, maintaining a "buy" rating [2]

Core Insights - The article highlights the rising trend of Real World Asset (RWA) tokenization as a significant focus in the crypto space by 2025, driven by high-growth sectors like AI, aerospace, and biotechnology attracting global capital [1][3] - XBIT decentralized exchange is positioned as a leading platform in the RWA tokenization space, offering lower barriers to entry and higher transparency for on-chain asset trading [1][6] Group 1: RWA Tokenization Trend - RWA tokenization is becoming a new trend in the crypto industry, allowing broader access to investments in real assets, which were traditionally dominated by institutional investors [3][6] - The demand for early participation in high-valuation assets, such as those from unicorn companies like OpenAI and SpaceX, is significantly increasing among investors [1][3] Group 2: XBIT's Role and Features - XBIT's decentralized platform utilizes a flexible protocol design and underlying technology to facilitate RWA tokenization, enhancing liquidity and transparency in trading [1][6] - The platform supports low-threshold RWA tokenization transactions and employs on-chain settlement processes, making it more accessible compared to traditional private equity investments [3][6] Group 3: Market Dynamics and User Engagement - The private equity market has historically restricted wealth growth opportunities to large institutions and high-net-worth individuals, but RWA tokenization is changing this dynamic [3][6] - Recent data shows a more than 300% increase in search volume for "RWA tokenization" over the past week, particularly among Gen Z investors in North America and Asia [6][8] Group 4: Future Outlook for XBIT - XBIT aims to deepen its involvement in RWA tokenization by supporting real equity on-chain mapping and developing predictive valuation markets [8] - The platform is enhancing its capabilities by integrating multiple price sources and exploring partnerships with asset issuers, reflecting a strategic focus on inclusive investment trends [8]

Investment Rating - The report maintains a "Buy" rating for the company, anticipating a price increase of over 15% in the next 6-12 months [4][11]. Core Insights - The company announced the establishment of an AI-driven international supply chain technology platform, marking the official launch of its globalization strategy. The platform aims to provide comprehensive solutions for small and micro enterprises in the global supply chain, including flexible supply chain services, financial support, currency management, and digital empowerment [2]. - The company has formed partnerships with over 30 international financial institutions and several leading regional and industry players, actively expanding its business in Southeast Asia. Notable collaborations include providing cross-border supply chain services for Carro, assisting Chinese merchants on Shopee, and partnering with Shein's core suppliers to explore markets in Vietnam and Morocco [3]. - The platform will incorporate blockchain technology and promote the tokenization of real-world assets (RWA), transforming high-quality international supply chain assets into standardized, traceable digital assets on the blockchain, thereby enhancing capital turnover efficiency in the global supply chain [3]. - The company is expected to see continued growth in its e-commerce, AI, and robotics sectors, which will drive the expansion of its supply chain technology platform. The increasing proportion of high-value-added revenue is anticipated to optimize the overall fee structure and improve profitability [4]. Financial Projections - The company forecasts revenue growth from RMB 1,068 million in 2023 to RMB 2,180 million by 2027, with a compound annual growth rate (CAGR) of approximately 28% [9]. - The projected net profit attributable to the parent company is expected to rise from RMB 268 million in 2023 to RMB 1,014 million by 2027, reflecting a CAGR of 44% [9]. - The expected dividend payout for 2025 is approximately RMB 950 million, resulting in a projected dividend yield of 8.3% [4].

Group 1 - The company plans to acquire 20% of NVTH Limited from NVTSH Limited for HKD 100 million, with HKD 40 million paid in cash and HKD 60 million through the issuance of 42.25 million shares at HKD 1.42 per share [1] - The company intends to place up to 44 million shares at a price of HKD 1.42 per share, aiming to raise approximately HKD 60.9 million, with HKD 40 million allocated for the cash portion of the acquisition and HKD 20.9 million for general working capital [1] - The target group focuses on blockchain-based Real World Asset (RWA) tokenization technology infrastructure, providing trading and liquidity solutions to connect traditional finance with decentralized Web3 markets [1] Group 2 - The acquisition is seen as a strategic move to enter the RWA market without the delays and risks associated with building from scratch, aligning with the company's commitment to explore innovative business opportunities and diversify revenue sources [2] - The target group's established team, platform infrastructure, past performance, project reserves, and growth potential contribute to the positive outlook for the RWA tokenization business [2]

同日，该公司拟透过配售代理配售最多4400万股配售股份，每股配售价1.42港元，最多净筹约6090万港 元，约4000万港元用于支付买卖协议项下代价的现金部分;及约2090万港元用于增加一般营运资金及加 强集团财务状况。 智通财经APP讯，中联发展控股(00264)公布，于2025年8月21日，该公司拟向NVTSH Limited收购 NVTH Limited全部已发行股本的20%，代价为1亿港元(可予调整)，其中4000万港元以现金支付;及6000 万港元通过配发及发行4225.3万股代价股份支付，每股代价股份的发行价为1.42港元。 经考虑RWA代币化相关业务的正面前景;目标集团已建立的团队及平台基础设施;及目标集团的往绩、项 目储备及增长潜力后，董事认为是次收购事项可为公司提供立即切入RWA市场的跳板，毋须承受从零 开始建立所带来的延误及风险。是次收购事项亦与公司一贯承诺探索创新及新业务机会以多元化收入来 源的方针一致。 据悉，目标集团主要从事基于区块链的现实世界资产(RWA)代币化技术基础设施平台、面向机构的交易 及流动性解决方案，以连接传统金融及去中心化Web3市场、及为资本市场参与者提供以合规为重 ...

Group 1: Market Overview - The Hong Kong Monetary Authority and Securities and Futures Commission have issued a joint statement regarding the recent speculation in the stablecoin market, indicating that they will adopt a prudent approach in issuing licenses for stablecoin issuers, with high standards and only a few licenses to be granted initially [1] - Goldman Sachs has reported that the stablecoin market is at the beginning of a new gold rush, with a potential total market size reaching several trillion dollars, and USDC is expected to benefit from market share growth as legislation progresses [4] - The global stablecoin market is projected to exceed $250 billion by 2025, growing over 11 times from 2020, with a compound annual growth rate of 65% [7] Group 2: Growth Drivers - Regulatory frameworks such as the US GENIUS Act and Hong Kong's Stablecoin Regulation are expected to drive compliance and facilitate the issuance of stablecoins, with companies like Circle raising $624 million through IPOs [9] - The tokenization of real-world assets (RWA) such as US Treasury bonds and real estate has reached $35 billion and is expected to exceed $50 billion by 2026, providing long-term growth momentum for stablecoins [9] - Stablecoins are significantly reducing cross-border remittance costs and transaction times, with notable usage in regions like Yiwu, China, and the Philippines [10] Group 3: Company Developments - MetaMask plans to launch the stablecoin mUSD by the end of August, targeting 30 million monthly active users, backed by short-term US Treasury yields [2] - Citigroup is considering entering the stablecoin space by providing custody, payment, and dollar exchange services, and is even contemplating issuing its own stablecoin [3] - Companies like Beixin Source and Yuyin Co. are developing technologies and solutions to support stablecoin issuance and transactions, with Beixin Source integrating with Hong Kong's regulatory sandbox [14][15] Group 4: Future Outlook - The integration of stablecoins into decentralized finance (DeFi) and the tokenization of real-world assets is expected to deepen the connection between traditional finance and the crypto world [12] - Major retail giants like Walmart and Amazon are preparing to issue their own stablecoins, indicating a trend towards mainstream adoption [11] - The stablecoin market is anticipated to evolve from being merely a cash equivalent in the crypto world to becoming a core component of global digital financial infrastructure [12]

Group 1 - Ethereum ecosystem is experiencing multiple positive developments, with the RWA tokenization market expected to reach $100 trillion, further solidifying Ethereum's position as a core infrastructure [1][5] - Institutional funds are significantly driving market sentiment, with Ethereum's correlation to the US stock market surpassing that of Bitcoin, indicating a shift towards structural demand from asset management firms and sovereign entities [3][5] - The decentralized exchange platform XBIT.Exchange is gaining traction due to its unique operational model that emphasizes user control over private keys and eliminates risks associated with asset freezing and transaction audits [3][5][7] Group 2 - The anticipated growth of the RWA tokenization market to $100 trillion highlights Ethereum's role as a neutral, decentralized, and reliable ecosystem for various asset classes [5] - The return of projects like Ronin Network to Ethereum's Layer 2 solutions showcases the strong appeal of Ethereum as a blockchain infrastructure [5] - Coinbase's optimistic outlook for the third quarter suggests a potential surge in altcoin activity, driven by favorable macroeconomic conditions and the Federal Reserve's potential interest rate cuts [7]

（於開曼群島註冊成立的有限公司） $$\cos\left[\cos\left[\frac{\pi\pi}{2}\right]\right]$$ COOLPAD GROUP LIMITED 酷派集團有限公司 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 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 （股份代號：2369） – 1 – 為 確 保 全 面 合 規，本 公 司 將 在 第 一 階 段 委 聘 具 有 相 關 執 業 資 格 的 法 律 顧 問 對 上 述 法 律 問 題 作 出 分 析，全 面 評 估RWA的 法 律 架 構、權 屬 安 排、潛 在 證 券 屬 性、 數 據 隱 私 及 跨 境 監 管 要 求，並 採 取 審 慎 態 度，積 極 與 監 管 機 構 保 持 透 明 溝 通。 此 外，本 公 司 將 委 任 專 業 顧 問 評 估RWA對 財 務 報 表 ...