Minsheng Securities: Building a Stablecoin and RWA Ecosystem, Asset On-chain to Kick Off the Web3.0 Era
BlockBeats News, July 26th: China Minsheng Securities released a research report stating that the strong alliance between the government and enterprises has built an ecological closed loop of a stablecoin anchored by high-quality Chinese assets—RWA. The on-chainization of related assets is expected to usher in the era of Web3.0, starting from Ant Group, Longi Green Energy Technology, and XinAo Group's new energy RWA assets, and extending to potential directions such as computing power leasing, helping Chinese high-quality assets become the core cornerstone of on-chain diversified assets.
At the same time, referring to the development process of overseas stock token issuers such as Robinhood, domestic internet brokers, fintech companies, stock or cryptocurrency exchanges in China are expected to realize value reassessment in this wave, with the "license effect" being a core competitiveness of domestic related vendors. Minsheng Securities' main points are as follows:
Stablecoins focus on "fiat tokenization," while RWAs focus on "asset tokenization."
Consortium Chain → Public Chain Layer 2 → Public Chain Layer 1, advancing through three chain layers.
Basic Infrastructure → Liquidity Activation → Global Asset Network Integration to create a three-step plan.
From the United States taking the lead in legislating stablecoin bills to the forthcoming stablecoin regulations in Hong Kong, countries around the world are exploring and even embracing the arrival of Web3.0 on the policy front; technology-leading companies like Ant Group are continuously leveraging RWAs to help domestic high-quality assets go on-chain, directly targeting new on-chain incremental funds.
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