Minsheng Securities: The ecosystem built by stablecoins and RWA is expected to become a key starting point for the opening of Web3

According to Zhitong Finance, a research report from Minsheng Securities points out that stablecoins and the closed-loop ecosystem constructed by RWA are expected to become the key starting point for ushering in the Web 3.0 era. As enterprises such as Ant Digital Technology, Lanxin Group, and GCL Energy Science are promoting the chaining of new energy assets, subsequent scenarios like computing power leasing are also expected to be included in the on-chain asset system. The report believes that stablecoins focus on fiat tokenization, while RWA focuses on asset tokenization, which can provide low-risk, stable income on-chain financial products for investors. In terms of policy, the legislative process for stablecoins in Hong Kong continues to advance, and the market is expected to benefit from the increasingly clear global regulatory trend. The report also points out that the benefiting sectors include asset chaining parties, trading platforms, internet brokers, and licensed financial technology companies. Coupled with domestic compliance advantages, the "license effect" may become the core of industrial competitiveness.