CITIC Securities: Stablecoins, RWAs and other digital asset formats are expected to accelerate into a new stage of development

According to a research report by CITIC Securities, the regulatory policies for stablecoins in Hong Kong continue to break through. The official release of the "Hong Kong Digital Asset Development Policy Declaration 2" marks the transition of the Hong Kong digital asset market from the "experimental plan" stage to the "implementation and promotion" stage; Securities firms are expanding into the virtual asset trading service market, which may trigger a wave of license upgrades. The era of digital assets is expected to accelerate its full opening, and digital asset formats such as stablecoins and RWAs are expected to usher in a new stage of vigorous development.