- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
BiyaPay Analyst: Caocao Mobility's Hong Kong Stock Soars Over 20%, Transitioning from Ride-Hailing to On-Chain Assets, Caocao Mobility's Real World Asset On-Chain Activation Ignites Robotaxi New Ecosystem
BlockBeats News, August 7th, Caocao Mobility (Hong Kong Stock Code 02643) officially signed a memorandum of understanding on virtual asset strategic cooperation with the Hong Kong licensed institution Victory Securities, focusing on three main directions: the securitization of real-world assets (RWA), stablecoin payments, and compliant digital currency issuance. In response to the news, Caocao Mobility's Hong Kong stock price surged over 20% on August 7th, with the RWA concept becoming the market focus.
This cooperation marks the first systematic exploration in the ride-hailing industry of the "ride-hailing asset + RWA" application scenario. Caocao Mobility CEO Gong Xin stated that through RWA technology, green mobility will be deeply integrated with digital finance, potentially revitalizing core assets such as Robotaxi and helping the company establish a first-mover advantage in the autonomous driving field. Currently, Caocao has launched Robotaxi pilot operations in Hangzhou and Suzhou, and plans to introduce customized L4-level autonomous driving models to further solidify the foundation of asset tokenization.
Amid the green finance trend, Caocao's new energy vehicle fleet has already reduced carbon emissions by over 3.1 million tons, with green assets possessing long-term financialization potential. Through Victory Securities' compliant framework, Caocao Mobility is expected to issue RWA funds or stablecoins pegged to mobility assets in Hong Kong in the future, expanding innovative financing channels for the company.
Meanwhile, BiyaPay now supports users to trade US stocks and Hong Kong stocks using USDT, without the need to apply for an offshore account, enabling one-click participation in the global market. The platform also offers over 200 types of cryptocurrency instant exchange services, supports spot and futures limit order zero-fee trading, helping you efficiently navigate the traditional finance and digital asset markets.
You may also like
Block's 40% Workforce Reduction Due to 'AI Cost Reduction,' Anthropic Denies US Department of Defense Request, What Are Global Cryptocurrency Communities Talking About Today?
Why is Wall Street **Shorting** Crypto's **Poster Child** Strategy?
Beyond the Financials, Nvidia's True Risk and Opportunity
Citrini Lingering Echo
Wintermute: Cryptocurrency Volatility Plummets as Retail Investors Flock Madly to US Stocks
Bloomberg: Romania Presidential Election Meddled by Crypto Traders
WEEX P2P merchant referral program | Invite and earn up to 100 USDT each!
WEEX P2P is launching the "Merchant Referral Program" to build a stronger P2P merchant community and boost market liquidity. Refer potential merchants to join WEEX P2P and both of you can earn rewards.
Key Market Information Discrepancy on February 27th - A Must-See! | Alpha Morning Report
The Circle Beautiful Money Report: Is the True Winner of Stablecoins Not the Issuer?
Opinion: Bitcoin's 10-point Plunge Wasn't All Jane Street's Fault
Milestone AI-driven Layoff, a 50% Reduction in Force, Resulting in Unquestionable Capital Market Approval
WEEX P2P upgrade: Ad posting now available for regular users
To further improve liquidity and user participation in the P2P market and create a more open and efficient trading environment, WEEX now allows regular users to post ads on P2P. This update allows non-merchant users to post ads, opening up greater participation in the P2P marketplace.
Dovey Wan: The Great Liquidity Schism, Bitcoin May Never Keep Up with ARKK
Market Key Insights for February 26th, How Much Did You Miss?
L1 Value Capture Shrinks Significantly, ETH, SOL, HYPE Struggle to Return to All-Time High
Exploring the ‘Super Cycle’ in Artificial Intelligence: Insights from Brad Gerstner
Key Takeaways The concept of a ‘super cycle’ in AI technology is gaining traction, spearheaded by industry experts.…
Children and Trump’s Investment Program: Billionaires’ Contributions to “Trump Accounts”
Key Takeaways: President Donald Trump has introduced the “Trump Accounts” program, massively funded by billionaires to provide financial…
Could Stablecoins Resolve U.S. Debt? Standard Chartered Predicts $1 Trillion in Treasury Demand
Key Takeaways Projected Growth: The stablecoin market could see its capitalization soar to $2 trillion by 2028, significantly…
App