Recent positive developments, including Hong Kong's "Stablecoin Ordinance" set to take effect on August 1, Circle's successful IPO debut with a 168% surge, and JD.com's announcement of its stablecoin entering the second phase of sandbox testing, have significantly boosted activity in A-share digital currency concept stocks. By the close of trading on Friday, several leading companies experienced substantial gains: Jinshi Technology achieved four consecutive daily limit gains after signing an agreement with Ant Digital Technologies to deepen RWA cooperation in new energy projects; Zhongjia Bochuang, whose subsidiaries focus on blockchain-based digital currency applications in finance, recorded three consecutive daily limit gains; and Chutian Dragon, which already possesses the capability to produce various forms of digital currency wallet products, hit the daily limit gain.
According to a June 2 research report by Yang Zeyuan and others from CITIC Securities, recent legislative advancements in stablecoin-related bills in Hong Kong and the United States are notable. Stablecoins can provide a stable trading method for tokenized real-world assets (RWA), enhancing market liquidity and facilitating the further implementation of RWA issuance projects for mainland enterprises in Hong Kong. Additionally, stablecoin legislation is expected to indirectly promote the construction of digital currency-related payment and settlement interfaces in Hong Kong's financial sector. Financial IT enterprises with experience in digital currency/digital RMB cross-border settlement and supply chain finance projects are likely to benefit.
Choice data indicates that from May 23 to June 6, several digital currency concept stocks received institutional research visits, including Yuxin Technology, Zhongke Jincai, Beijing Trustsource, Jingbeifang, Airong Software, Tianyang Technology, GCL Energy, Chutian Dragon, Xiongdi Technology, NationalChip Technology, Guomai Technology, and Dongxin Peace. Specific details are as follows:
Among these companies, those that explicitly responded to inquiries about "stablecoin"-related business included Yuxin Technology, Zhongke Jincai, Tianyang Technology, Chutian Dragon, and Guomai Technology. They received 75, 33, 19, 13, and 3 institutional visits, respectively.
Yuxin Technology released a record of investor relations activities on June 4, outlining two ways fintech enterprises can participate in stablecoins: first, by cooperating with financial institutions on stablecoin integration, supporting services, and application scenarios; and second, by actively engaging in stablecoin issuance and scenario innovation. Yuxin plans to adopt both approaches as part of its overseas business expansion, with布局 and actions predating the ordinance's release. For the first approach, Yuxin, as a leading fintech service provider in China, offers related services to overseas financial institutions. For the second, the strategy involves full collaboration with overseas universities, financial institutions, and others to leverage complementary strengths and drive innovation. The company has already applied for and received support from the Macao Science and Technology Fund to conduct research on a Web3-based retail payment system.
Zhongke Jincai stated in its June 3 investor relations activity record that the company has deep积累 in stablecoin-related business scenarios, technical reserves, and team building. It plans to explore stablecoin business with banks in a compliant manner, following the model of bank-tech company partnerships, and utilize the global assets and business scenarios of partners to expand stablecoin applications. However, various uncertainties exist in the implementation of stablecoin business, and the application for relevant qualifications and licenses is uncertain.
Tianyang Technology disclosed in its May 30 investor relations activity record that the company is currently promoting a credit card product that uses stablecoins for充值, which has been under promotion for some time. The company owns a credit card issuance system that requires corresponding upgrades to accept充值 from blockchain stablecoin wallets—a area where its technology is mature. At the primary market level, the issuance端 includes USDT, USDC, and Hong Kong-issued stablecoins pegged to the Hong Kong dollar. The second aspect involves the use of stablecoins for circulation, enabling businesses and individuals to make payments with stablecoins.
Chutian Dragon stated at an online investor exchange on June 5 that stablecoins are a type of decentralized cryptocurrency using blockchain technology. With the recent passage of the "Stablecoin Ordinance Draft" by the Hong Kong Legislative Council, establishing a licensing system for fiat stablecoin issuers and a regulatory framework, the company possesses the capability to participate in fiat stablecoin-related business in Hong Kong due to its technical strength, customer base, service experience, and successful cases. As the company's overseas strategy稳步 advances, it expects to land more scenario projects in embedded security products and innovative financial services.
Guomai Technology, during a specific object research on June 6, stated that Guomai Coin is an incentive mechanism and service exchange intermediary that connects Guomai AI agents and entity services. It possesses some functions of stablecoins, but its core purpose is to guide users to participate in activities beneficial to their physical and mental health. Guomai Coin is deeply integrated into Guomai Technology's ecosystem and has already established connections with the company's education services. In the future, with iterations in AI agent functionality and upgrades in entity pension services, Guomai Coin will combine with more innovative service scenarios, forming a virtuous cycle of "user health improvement - service experience upgrade - Guomai Coin application value enhancement."
It is worth noting that Jingbeifang, GCL Energy, and Dongxin Peace did not explicitly respond to matters related to stablecoin business布局 during the same institutional research period. Jingbeifang stated in a June 4 telephone conference that stablecoins, as a type of cryptocurrency, primarily rely on underlying technical principles such as blockchain, privacy computing, and smart contracts. The company has深耕 the related field for many years, establishing a relatively mature technical team and possessing rich technical reserves. In the future, the company will strengthen communication and cooperation with customers, actively explore the application opportunities of related technologies in different business scenarios, and strive to promote the implementation of related business scenarios. The company further replied on the interactive platform on June 5 that it holds certain advantages in the digital currency-related field, and its products and technical capabilities in the digital RMB/digital currency bridge area can be quickly replicated and migrated to the stablecoin field.
GCL Energy disclosed in its June 4 investor relations activity record that in response to the question "What impact will the current token and stablecoin market have on RWA?" the company replied that RWA provides a more open financing method for traditional assets, offering a decentralized market opportunity that promotes efficient connections between domestic green assets and overseas funds, enabling digital technology to empower实体产业. Additionally, it enhances the liquidity of new energy assets, supporting the national energy transition and high-quality, sustainable economic development. GCL Energy replied on Interactive Easy on June 4 that the company, hand in hand with Ant Digital Technologies, has successfully completed RWA (Real World Assets) issuance based on photovoltaic entity assets using blockchain technology. This marks the first photovoltaic entity asset RWA in China, achieving digital technology empowerment of实体产业.
Frequently Asked Questions
What are stablecoins and how do they work?
Stablecoins are a type of cryptocurrency designed to maintain a stable value, often pegged to a fiat currency like the US dollar or asset. They use blockchain technology to enable secure, transparent transactions and serve as a reliable medium of exchange in digital asset ecosystems.
Why are institutional investors showing increased interest in digital currency stocks?
Institutional interest is rising due to regulatory advancements, such as Hong Kong's Stablecoin Ordinance, and growing adoption of digital assets in finance. These developments create new opportunities for companies involved in blockchain, digital wallets, and related technologies, driving investment potential.
How do companies benefit from engaging in stablecoin-related businesses?
Companies can gain by offering technical support, developing application scenarios, or participating in issuance. This engagement enhances their service portfolios, opens up overseas markets, and aligns with innovation trends in fintech and digital payments.
What risks are associated with investing in digital currency concept stocks?
Risks include regulatory uncertainties, market volatility, and technological challenges. The approval processes for licenses and the evolving nature of digital currency laws can impact business outcomes, requiring careful evaluation.
Which sectors are most likely to adopt stablecoin technology?
Sectors such as finance, supply chain, energy, and retail are prime candidates. Stablecoins can streamline payments, improve asset liquidity, and enable new business models like tokenized real-world assets (RWA), making them attractive across industries.
How can investors stay informed about developments in digital currency stocks?
Investors should monitor regulatory news, company announcements, and institutional research reports. 👉 Track latest market trends and analysis to make informed decisions based on up-to-date information.