Huaxing Capital: Plans to expand its Hong Kong license and increase investment in industry infrastructure, on-chain ecology, and RWA

ChainCatcher news, the Hong Kong "Stablecoin Regulation" officially came into effect today. The Hong Kong Monetary Authority has established a 6-month transition period and is expected to issue the first stablecoin issuer license early next year.

Huaxing Capital stated that the compliance of stablecoins will help attract more mainstream institutions and capital into the market. Shi Ziyuan, head of investment at Huaxing Capital, added that the company will focus on connecting Web 2.0 and Web 3.0, plans to apply for an extension of existing licenses (SFC licenses 1, 4, and 9) to digital asset business, and increase investment in industry infrastructure, on-chain ecosystems, and RWA assets to help Hong Kong become a global digital asset center.