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

research report of CITIC Construction Investment stated that the regulatory policy of stablecoins in Hong Kong continues to break through. The "Hong Kong Digital Asset Development Policy Declaration 2.0" has been officially issued, marking that the digital asset market in Hong Kong has officially entered the "implementation and promotion" stage from the "experimental plan" stage; securities firms are laying out virtual asset trading services market, which may trigger a wave of license upgrades. The digital asset era is expected to accelerate its comprehensive opening. Stablecoins, RWAs, and other digital asset formats are expected to accelerate the vigorous development of a new stage.