According to Golden Finance, a research report released by Galaxy Securities pointed out that the passage of the Hong Kong Stablecoin Bill is of milestone significance, marking the official implementation of the world’s first regulatory framework for fiat stablecoins.
Stablecoins play a significant role in RWA (Tokenization of Real-world Assets). On the one hand, it provides RWA with low-cost and efficient pricing and settlement tools, which can reduce transaction costs and improve transaction efficiency. On the other hand, stablecoins can also enhance the liquidity of RWA, promote more RWA product innovations, and expand their application scenarios.
Based on this, Galaxy Securities suggests paying attention to the stablecoin and RWA-related fields, mainly including the following aspects:
Stablecoin issuance support: With the implementation of the regulations, the issuance of stablecoins will move towards compliance, and the related issuance support fields are expected to embrace development opportunities.
New Energy + RWA: There are a large number of tokenizable assets in the new energy sector, such as new energy power stations and charging piles. Combining them with RWA is expected to leverage the advantages of stablecoins to achieve efficient asset circulation and value enhancement.
Industrial chain technology and equipment support: The development of RWA cannot do without the support of related industrial chain technologies and equipment, including blockchain technology, digital asset custody equipment, etc. These fields may also benefit from the promotion of stablecoin regulations.
The stablecoin regulations introduced in Hong Kong have created a favorable policy environment and technical conditions for the development of RWA. The development of related fields deserves close attention from the market.
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