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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.
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