Core Insights - 联易融 has established a strategic partnership with XRPL to deploy its global digital supply chain finance application on the XRP Ledger mainnet, aiming for large-scale implementation [1] - The collaboration signifies联易融's integration into the global decentralized finance ecosystem and highlights its ongoing innovation in cross-border trade finance [1] - Future explorations will include deeper cooperation in stablecoins and supply chain finance innovations, focusing on RWA asset trading and the integration of blockchain and AI in global trade finance [1] Company Overview - 联易融 aims to empower supply chain finance through technology, aspiring to become a leading global digital solution provider [2] - Since 2019, the company has expanded its cross-border operations, serving 27 countries and regions, with a projected cross-border asset handling of 20.7 billion in 2024 [2] - 联易融 has established partnerships and joint ventures, including a digital bank in Singapore and a blockchain-driven trade finance platform with Standard Chartered Bank [2][3] Industry Context - XRPL was launched in 2012 to create a more efficient and sustainable value transfer system compared to Bitcoin, supported by global partners [2] - The industry is witnessing significant developments in asset tokenization, with联易融 playing a key role in projects like Project Dynamo and the issuance of the first trade asset-backed tokenized product [2] - The establishment of SuperFi Labs by联易融 aims to innovate in DeFi, focusing on RWA products and decentralized finance development [3]

今天分享的是：赛迪智库：2025初创企业融资困境、成因分析及政策建议报告 报告共计：20页 《赛迪智库：2025初创企业融资困境、成因分析及政策建议报告》聚焦我国初创企业融资难题，从企业特征、融资现状、困境 成因及政策方向展开系统性分析，核心内容如下： 一、初创企业特征与内生性融资难题 初创企业具有五大核心特征：轻资产运营导致可抵押资产匮乏，业务模式不稳定引致收入波动，缺乏长期信用记录难以量化评 估，经营风险高且抗风险能力弱，现金流创造能力不足依赖长期资金。这些特征衍生出四大融资困境：传统融资渠道（银行贷 款、供应链金融、资本市场）因门槛限制普遍缺位；融资成本高企，股权稀释与高息负债并存；融资周期短与企业长期资金需 求不匹配；易受资本市场周期波动与政策调整冲击，如2021-2023年全球风投紧缩导致融资规模显著下滑。 二、融资市场现状与结构性变化 当前初创企业融资呈现五大趋势：一级市场规模先升后降，2021年达峰值后连续两年下滑，投资阶段向后期倾斜，早期投资占 比下降；VC/PE投资热情减退，政府引导基金影响力上升但资金拨付效率待提升；银行普惠小微贷款增长，但初创企业贷款通 过率仅22.8%，知识产权质押融资 ...

Group 1 - The visit by the China Enterprise Financial Management Association to Deep Technology Group highlighted the importance of digital technology application and platform construction in the financial sector [1][3] - The discussions focused on topics such as supply chain financial innovation, intelligent platform development, and the empowerment of the real economy through financial technology [1][3] - The Chairman of Deep Technology Group shared insights on the company's core sectors, strategic planning, and operational development, praising the association's role in promoting intelligent development in China [3] Group 2 - The association's honorary chairman expressed high expectations for deepening cooperation and praised the strategic model of Deep Technology Group, which focuses on integrated development [3] - The association's vice president shared insights on the exploration and practice of promoting intelligent development, emphasizing the need for member sharing, case presentations, and channel cooperation [3] - The exchange underscored the willingness of both parties to enhance communication and collaboration, aiming to establish a long-term cooperation mechanism to support the development of millions of small and micro enterprises [3]