Core Insights - The emergence of Real World Assets (RWA) through blockchain technology is creating a new asset allocation era, with a projected market size of $16 trillion by 2030 [1][12] - RWA allows for the tokenization of traditionally illiquid assets, lowering investment barriers and providing more stable returns linked to the real economy [4][10] Definition and Mechanism - RWA refers to the tokenization of real-world assets such as real estate and receivables, enabling their trading and liquidity in a digital format [2][3] - This transformation allows traditionally illiquid assets to be purchased in smaller amounts and traded quickly, similar to cryptocurrencies [3] Market Potential - The global RWA market is on the verge of significant growth, with a total asset value of $25.5 billion expected by mid-2025, excluding stablecoins [8] - The market is currently dominated by private credit (58.5%), U.S. Treasury bonds (29.6%), and commodities (6.4%) [10] Institutional Involvement - Major financial institutions like JPMorgan and Goldman Sachs are beginning to pilot RWA projects, integrating traditional capital with the Web3 ecosystem [20][21] - BlackRock's BUIDL is noted as the largest single RWA project, with a market value exceeding $2.8 billion [10] Development Phases - The evolution of RWA has progressed through several phases: concept exploration (2016-2018), infrastructure building (2019-2021), institutional entry (2022-2023), and application expansion (2024-present) [14][15][20] - The current phase is characterized by the expansion of RWA applications beyond financial assets into sectors like real estate, energy, and AI computing [14][25] Emerging Directions - New sectors such as AI computing, carbon assets, and agriculture are exploring RWA pathways, indicating significant future potential [25][26] - Stablecoins are highlighted as a successful use case for RWA, serving as a core medium for transactions within the RWA ecosystem [25] Regional Developments - Hong Kong is leading RWA development in China, with regulatory frameworks supporting green assets and innovative financing solutions [25] - Notable projects include the tokenization of charging stations and solar energy assets, showcasing the practical application of RWA in the region [26] Challenges and Risks - RWA faces challenges such as regulatory complexities, ensuring on-chain and off-chain asset consistency, and the need for improved infrastructure [27][29] - The liquidity of the secondary market for RWA remains a concern, particularly for non-standard assets [31]

Group 1 - The company Marco Digital Technology (01942.HK) has invested $500,000 (approximately HKD 3.925 million) in ALT5 Sigma Corporation (NASDAQ: ALTS) through a fund subscription [1] - The investment is seen as an opportunity for capital appreciation and aims to enhance the company's portfolio in the Web 3.0 and decentralized finance (DeFi) sectors [1] - The strategic goal is to explore and participate in the broader cryptocurrency ecosystem, including digital asset trading and payment solutions [1] Group 2 - ALT5 is a fintech company that provides next-generation blockchain technology for tokenization, trading, clearing, settlement, payment, and secure custody of digital assets [1]

Group 1 - Marco Digital Technology (01942.HK) has invested $500,000 (approximately HKD 3.925 million) in ALT5 Sigma Corporation (NASDAQ: ALTS) through a fund subscription, indicating a strategic move into the Web3 and DeFi sectors [1] - The investment is seen as an opportunity for capital appreciation and aims to enhance the company's portfolio in the rapidly evolving Web3 and cryptocurrency ecosystem, including digital asset trading and payment solutions [1] - The fund is backed by several major institutional investors and well-known cryptocurrency venture capital firms, with World Liberty Financial, Inc (WLFI) as the lead investor [1] Group 2 - ALT5 is a fintech company that provides next-generation blockchain technology for tokenization, trading, clearing, settlement, payment, and secure custody of digital assets [2] - ALT5 Sigma, Inc., a wholly-owned subsidiary of ALT5, has processed over $5 million in cryptocurrency transactions since its establishment in 2018 [2] - WLFI is an innovative DeFi protocol and governance platform that aims to empower individuals through transparent, convenient, and secure financial solutions, and is behind the USD1 stablecoin, one of the fastest-growing stablecoins globally [2]

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 何部分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。 馬可數字科技控股有限公司 （股份代號：1942） （於開曼群島註冊成立的有限公司） 本公告由馬可數字科技控股有限公司（「本公司」，連同其附屬公司統稱「本集團」） 自願刊發。 本公司董事（「董事」）會（「董事會」）謹此宣佈，本集團近日已透過認購一個基 金（「該基金」）的成員權益間接向ALT5 Sigma Corporation（納斯達克股份代號： ALTS）（「ALT5」）投資500,000美元（約3,925,000港元）（「該投資」）。該基金與多 家全球最大的機構投資者及知名的加密貨幣創投公司共同參與ALT5近期發行（「發 行」），由World Liberty Financial, Inc（「WLFI」）作為領投方。 本集團認為，該投資是一個具有資本增值潛力的投資機會，可加強本集團在Web 3.0（「Web3」）及去中心化金融（「DeFi」）領域的投資組合，從而令本集團可迎接 Web3及加密貨幣生態系統 ...

Group 1: Core Insights - The global blockchain financing market is experiencing a surge, with 15 public financing events totaling over $156 million from August 11 to 17 [1] - The most notable sectors attracting investment include the integration of AI and blockchain, innovations in stablecoins, and the development of Web3 gaming [1][3] Group 2: AI and Blockchain Integration - The combination of AI and blockchain is creating new opportunities, exemplified by HolmesAI's $3 million seed funding for developing human-like AI agents and RICE AI's A-round financing led by FLOKI for AGI robot development [3] - The stablecoin protocol USD.AI raised $13 million in A-round funding, focusing on providing GPU hardware collateral loans for AI companies [3] Group 3: Stablecoins and Trading Innovations - Web3 trading company Transak secured $16 million in strategic financing, while HoneyCoin in Kenya raised $4.9 million, with a monthly trading volume exceeding $150 million [4] - The usage of stablecoins is rapidly increasing, and XBIT's decentralized exchange platform offers unique advantages by allowing users to trade without KYC requirements, enhancing privacy and speed for cross-border transactions [4] Group 4: Web3 Gaming and Digital Identity - In the gaming sector, Neon Machine raised $19.5 million to launch its award-winning FPS game "Shrapnel," targeting the Chinese market for closed testing in 2025 [6] - The blockchain-based identity verification platform 1Kosmos completed a $57 million B-round financing, promoting passwordless identity verification [6] Group 5: Institutional Interest and XBIT's Unique Position - Public companies are increasingly interested in crypto assets, with 180 Life Sciences initiating a $425 million private placement for Ethereum treasury strategies and SharpLink Gaming holding approximately $3 billion in ETH [7] - XBIT's decentralized platform ensures users maintain control over their private keys and assets, embodying the principle of "your keys, your assets," which allows individual investors to enjoy the same level of asset autonomy as institutional investors [7] Group 6: Future Outlook - Blockchain technology is rapidly being adopted across various sectors, with XBIT playing a crucial role by providing a secure and efficient trading environment while adhering to the principle of not controlling user assets [10] - The platform's design, which utilizes smart contracts for automatic trade execution without the need for registration or KYC, aligns with the foundational goals of blockchain technology to create a more open and transparent financial system [10]

Core Viewpoint - The article discusses the development of Real World Assets (RWA) in the context of the blockchain industry, highlighting the increasing interest and participation of listed companies in this area due to supportive government policies in Hong Kong [5][7][12]. Group 1: Event Overview - The Global Cultural and Tourism RWA Development Summit was held at the Ritz-Carlton Hotel in Hong Kong on August 17, 2025, organized by the Hong Kong Blockchain Technology Application Association and other companies [2]. - Tan Shuilian, a director at a subsidiary of the China Supply Chain Industry Group and former head of blockchain data at Tencent, delivered a speech on how listed companies can layout RWA [2][5]. Group 2: Company Background - The listed company discussed was established in 2014 and is regulated by the Hong Kong Stock Exchange, focusing on building maintenance and renovation services, with current revenue of 500 million HKD and cash reserves exceeding 1.4 billion HKD [6][12]. Group 3: Policy Background - The Hong Kong government has been developing policies and regulations related to virtual assets from 2018 to 2025, which has encouraged listed companies to engage in RWA [7]. - Various policy declarations have been issued, including the recognition of tokenization and the introduction of a sandbox plan for virtual assets [7][8]. Group 4: RWA Layout Strategies - The company is exploring several strategies for RWA layout, including establishing dedicated departments, forming strategic partnerships, and raising funds through share placements [9][11]. - Examples of successful RWA initiatives include Coolpad's establishment of an RWA division, which led to a 39.66% increase in stock price [9]. Group 5: Market Potential - The blockchain market has seen significant growth, with daily trading volumes on major exchanges exceeding 100 billion USD, indicating a robust investment environment [8][10]. - The market capitalization of blockchain has grown substantially from 2014 to 2025, highlighting the potential for listed companies to tap into this lucrative sector [8][10]. Group 6: Future Outlook - The company aims to leverage its assets, such as real estate and renewable energy, to implement RWA solutions, thereby expanding its market reach [10][12]. - Strategic investments and mergers are also being considered to enhance the company's position in the blockchain market [11].

Group 1 - Billionaire investor Peter Thiel is betting on Ethereum becoming the preferred platform for Real World Assets (RWA) on Wall Street, with his investment firm significantly investing in Ethereum-related assets [1] - Ethereum's price surged 15% recently, reaching a four-year high, and has increased over 250% since its low in April [1][2] - Thiel's investment logic is based on the potential for Ethereum to serve as an alternative channel for settling traditional financial assets, which could lead to increased network activity and benefits for its native token [1][2] Group 2 - Unlike Bitcoin, Ethereum has no hard supply cap and is increasingly used for transactions on its platform, which is an open-source platform for developers to build and operate applications [2] - The market for RWAs, which could reach $16 trillion by 2030, is being transformed by blockchain technology, linking traditional financial assets with real-world assets [2] - Ethereum's transaction activity has exceeded $1.2 trillion this year, a significant increase from $960 billion in the same period last year, primarily involving stablecoins like Tether and USDC [2] Group 3 - Major asset management firms like BlackRock and Franklin Templeton have launched tokenized money market funds on the Ethereum network, indicating institutional interest [4] - Apollo Global Management has also issued a diversified credit securitization fund through Ethereum, further showcasing the platform's growing adoption in traditional finance [4] Group 4 - There are concerns regarding the sustainability of Ethereum's adoption in the financial industry, as traditional financial giants are developing their own private blockchain platforms [3] - Some transaction activities on Ethereum may not stem from genuine financial demand, raising questions about the authenticity of network data [3] - The recent price surge of Ethereum may reflect speculative behavior rather than a true endorsement of its future potential [5]

Group 1: Market Overview - The total supply of global stablecoins has reached $274.4 billion, with USDT dominating at $167.5 billion and USDC following at $68.7 billion, indicating a strong demand for fiat-backed assets and deep penetration of blockchain infrastructure in cross-border transactions and asset tokenization [1] Group 2: Institutional Trends - Wyoming has chosen Avalanche (AVAX) as the underlying infrastructure for its state-level stablecoin, while Japan's regulatory body has also approved a yen-pegged stablecoin on the Avalanche network, highlighting Avalanche's high throughput and low transaction costs as key factors for government projects [3][4] - SkyBridge Capital plans to tokenize $300 million in assets on Avalanche, and Toyota has disclosed plans for a mobility network based on Avalanche, indicating traditional companies are moving beyond conceptual discussions to actual blockchain integration [3] Group 3: Infrastructure Innovations - Blindpay has launched Named Virtual Accounts, allowing businesses to generate U.S. bank accounts in customers' names, significantly reducing cross-border remittance costs and providing alternatives for SMEs outside traditional banking systems [4] - The U.S. Bank's report emphasizes that cross-border P2P transactions represent the most disruptive application of stablecoins, with Shopify's acceptance of USDC seen as a milestone for retail-scale applications [5] Group 4: Diversification of Stablecoin Issuers - Nasdaq-listed Snail, Inc. has established Snail Coins LLC to issue and manage dollar-backed stablecoins, reflecting mainstream capital's strategic focus on digital currency businesses [7] - The core motivation for enterprises to issue stablecoins is to streamline closed-loop economic systems, reducing third-party transaction costs and generating additional income through reserve asset interest [7] Group 5: Decentralized Exchange Advantages - XBIT decentralized exchange showcases unique advantages in stablecoin liquidity aggregation by integrating multi-chain stablecoin liquidity and supporting seamless exchanges of major assets like USDT and USDC [8] - XBIT's recent addition of Avalanche network support enhances trading options and connects RWA tokenized assets with liquidity markets, utilizing zero-knowledge proofs to ensure compliance while protecting user privacy [8] Group 6: Regulatory Landscape and Market Outlook - Regulatory developments, such as the OCC's requirement for banks to obtain approval for stablecoin operations, highlight the importance of transparency in reserve asset audits and redemption mechanisms [10] - Despite regulatory constraints, compliant stablecoins have seen a 217% year-over-year increase in cross-border trade settlement usage, particularly in Southeast Asia and China, with USDT becoming a popular alternative to traditional letters of credit [10] - The evolution of stablecoins is positioned as a significant intersection between traditional finance and the crypto ecosystem, with future competition focusing on blockchain performance, compliance innovation, and user experience optimization [11]

Core Viewpoint - The collaboration between Shenzhen Longgang Data Company and Hong Kong Web3.0 Standardization Association aims to establish a comprehensive asset digitalization service system, focusing on compliance, standard collaboration, and ecosystem building to enhance the digital economy between Shenzhen and Hong Kong [1][2]. Group 1: Strategic Collaboration - The data company signed a strategic cooperation agreement with the Hong Kong Web3.0 Standardization Association, becoming its only strategic partner in mainland China [1]. - The partnership will involve deep participation in the global first RWA asset registration platform ecosystem launched by the association on August 7 in Hong Kong [1]. Group 2: Compliance and Standards - A cross-border data compliance recognition mechanism will be developed, covering asset confirmation, trusted storage, and compliant circulation [1]. - The establishment of unified standards for data privacy protection and asset verification mechanisms is essential, as highlighted by the Secretary-General of the Guangdong-Hong Kong-Macao Greater Bay Area Standard Innovation Alliance [2]. Group 3: Market Innovation - The market-driven innovation will be supported by a dual mechanism of government guidance and market operation, encouraging new scenarios such as real estate fragmentation and intellectual property securitization [2]. - The academic perspective suggests a three-phase approach to asset digitalization: exploring cases, standardization, and service system development, leveraging the advantages of Hong Kong and Macau [1].

Core Viewpoint - Ebang International (EBON) shows a significant increase in stock price and revenue growth, indicating a positive trend in the company's financial performance and market position in the blockchain technology sector [1]. Financial Performance - As of June 30, 2025, Ebang International reported total revenue of $3.5822 million, representing a year-over-year growth of 69.46% [1]. - The company recorded a net loss attributable to shareholders of $4.5149 million, which is an increase of 27.51% compared to the previous period [1]. Company Overview - Ebang International is a leading blockchain technology company with strong ASIC chip design capabilities, specializing in the design, production, and sale of blockchain processors, commonly referred to as "mining machines" [1]. - The company has nearly a decade of industry experience and expertise in the telecommunications sector [1].