Group 1 - The core viewpoint of the news is that Caocao Travel has signed a strategic cooperation memorandum with Victory Securities to explore the integration of real-world asset (RWA) tokenization, stablecoin payment applications, and compliant digital currency issuance in the transportation industry [1][8] - This collaboration marks the first systematic exploration in China's transportation sector to incorporate advanced digital financial tools like RWA and stablecoins into core business operations [1][4] - The partnership aims to leverage blockchain technology and Web3.0 innovations to accelerate the asset tokenization process of the Robotaxi industry, injecting new momentum into its development [4][6] Group 2 - Caocao Travel is experiencing rapid growth, completing 598 million ride-hailing orders in 2024, with a total transaction value (GTV) reaching 17 billion RMB [6] - The company operates a fleet of 100% electric vehicles, which has cumulatively reduced carbon emissions by over 3.1 million tons, aligning with global green finance (ESG) trends and making it a strong candidate for RWA tokenization [6][5] - The collaboration with Victory Securities is expected to open new financing channels for Caocao Travel, reduce financing costs, and enhance its attractiveness in the international capital market by showcasing its robust operational fundamentals and high-quality green asset portfolio [8][7]