77 institutions compete for Hong Kong stablecoin licenses! Sanwei Xinan accelerates layout of Web3.0 and RWA applications.

Hong Kong's new stablecoin regulatory policy ignites market attention! The Hong Kong Monetary Authority (HKMA) recently disclosed that as of the end of August, a total of 77 institutions have expressed their intention to apply for stablecoin issuer licenses, including banks, tech giants, asset management companies, e-commerce, payment institutions, and Web3 startups. At the same time, the A-share listed company Sanwei Xinan is actively participating in the formulation of Web3.0 standards and accelerating the implementation of stablecoins and RWA (real-world asset tokenization) application scenarios.

77 institutions submitted intentions, initially only a few licenses were granted

A spokesperson for the HKMA stated that expressing intent or submitting an application does not represent approval; the final issuance will depend on whether the applicant meets the strict licensing conditions.

The Monetary Authority reiterated that in the initial stage, only a small number of stablecoin licenses will be issued, and has begun meetings with some institutions to assist them in assessing the necessity and maturity of their issuance plans.

At the same time, HKMA once again reminds the public to remain highly vigilant regarding the promotion and marketing of unlicensed stablecoins.

The RWA market welcomes the world's first publicly issued bond on the Ethereum public chain

On September 1, Futian Investment Holdings announced that it has successfully issued the world's first RWA public offering listed digital bond through the Ethereum public chain in Hong Kong, with a scale of 500 million yuan, a term of 2 years, and a coupon rate of 2.62%. The token name is FTID TOKEN 001 (福幣), and it has received a Fitch rating of A-.

This initiative not only marks Hong Kong's institutional and technological breakthrough in the RWA field but also provides a new example for the future integration of stablecoins and real assets.

Sanwei Xin'an: From Blockchain Security to Web3.0 Application Implementation

As a pioneer in the domestic blockchain security field, Sanwei Information Security has led the formulation of the country's first industry standard "Technical Requirements for Blockchain Cryptography Applications." The blockchain cryptographic machine developed by them has passed the national commercial encryption certification and is applied in multiple blockchain infrastructure projects.

The company simultaneously possesses HSM (Hardware Security Module) technology that complies with international FIPS certification, which can provide secure custody services for digital assets. Its hardware wallet products have already been implemented in multiple digital currency exchanges.

Deep Participation in Stablecoin and RWA Standard Setting

As a vice chairman unit of the Hong Kong Web3.0 Standardization Association, Sanwei Xinan is actively involved in the standard setting for stablecoin and RWA and other Web3.0 application scenarios, and provides solutions for key aspects such as RWA data on-chain, cold and hot wallet management, and asset custody.

This means that Sanwei Xinan not only has an advantage in the technical security aspect but also plays a core role in the institutional and infrastructure construction of the Hong Kong Web3.0 ecosystem.

Conclusion

As 77 institutions compete for stablecoin licenses in Hong Kong, and with the accelerated implementation of RWA and Web3.0 applications, Hong Kong is becoming a frontline in global digital asset regulation and innovation. For companies like San Wei Xin An, which possess both security technology and international standard-setting capabilities, this is not only a challenge of the new regulatory era but also a significant opportunity to seize the discourse power in global digital finance.