1. Technology Headlines

1.1Ant Financial launches application for Hong Kong stablecoin license

https://foresightnews.pro/news/detail/75230

Bian Zhuoqun, vice president of Ant Group and president of Ant Digits' blockchain business, said at the SNEC Shanghai Photovoltaic Exhibition on June 12 that Ant Digits has started applying for a Hong Kong stablecoin license and has had multiple rounds of communication with regulators. Ant Digits has listed Hong Kong as its global headquarters this year and has completed a pilot test of the regulatory sandbox in Hong Kong. In addition, Ant Digits and GCL Energy jointly announced the establishment of a new company "Ant Xinneng".

1.2Chainlink: Participating in the pilot use case of Hong Kong CBDC and Australian dollar stablecoin exchange

https://foresightnews.pro/news/detail/74939

Chainlink said in a statement that it is participating in a use case pilot for the exchange of Hong Kong's CBDC and the Australian dollar stablecoin, which is part of the second phase of the e-HKD+ pilot program. Participants include Visa, ANZ Bank, China Asset Management and Fidelity International.

1.3Polygon releases Gigagas roadmap, transaction speed to be increased to 1000 TPS in July

https://foresightnews.pro/news/detail/75278

Polygon released the Gigagas roadmap, which shows that Polygon plans to increase its transaction processing capacity to 100,000 transactions per second (TPS). According to the plan, by July this year: the transaction speed will be increased to 1000 TPS, the final confirmation time of the transaction will be shortened to about 5 seconds, and the goals of gas fee stability will be achieved; by the end of 2025: the goal is 10K TPS, and 5000 TPS has been achieved in the development network environment, integrating Agglayer to achieve seamless cross-chain liquidity, achieving one-second block generation without reorganization, which means that transactions can be completed instantly; in 2026 and beyond, Gigagas will be upgraded to 100,000 TPS, strengthen deep institutional integration, and expand its use in payments and RWA.

2. Industry News

2.1Chan Mo-po: The Hong Kong Monetary Authority will process stablecoin license applications as soon as possible

https://api3.cls.cn/share/article/2058178?sv=859&os=web

香港特区政府财政司司长陈茂波近日撰文表示，随着数字资产市场的蓬勃发展，市场对稳定币的需求料将进一步增加。稳定币既可不受传统支付时间和地域限制作为交易媒介，还可凭其可编程的特性，开拓多元化的创新方案，使金融服务流程自动化和智能化。注意到不少市场参与者均对此很感兴趣，在《稳定币条例》生效后，香港金管局将尽快处理收到的牌照申请，以便合资格的申请人开展其业务。

2.2Conduit and Braza Group partner to enable Brazilian real foreign exchange conversion via stablecoins

https://foresightnews.pro/news/detail/75256

According to CoinDesk, Conduit, a service provider focusing on cross-border payments in stablecoins, has partnered with Brazil's Braza Group to enable real-time foreign exchange conversion between Brazilian real and major foreign currencies through stablecoins. This service allows users to convert Brazilian reals into US dollars or euros and complete settlements within minutes, which is better than the traditional foreign exchange system, which usually takes up to three days to settle.

2.3Vietnam passes the Digital Technology Industry Law, officially legalizing digital assets

https://foresightnews.pro/news/detail/75421

According to local Vietnamese media The Investor, the National Assembly of Vietnam approved the Digital Technology Industry Law on June 14, which brings digital assets under regulatory scope and formally recognizes the legal status of crypto assets. The bill, which will take effect on January 1, 2026, defines crypto assets as digital assets that are verified using encryption or similar digital technology during creation, issuance, storage or transfer, and divides digital assets into two categories: virtual assets and crypto assets. Virtual assets are a form of digital assets used for exchange or investment, and do not include securities, digital representations of legal tender, or other financial instruments defined by civil and financial laws. Crypto assets are digital assets that rely on encryption technology to verify transactions and ownership. Like virtual assets, crypto assets explicitly exclude securities, digital legal tender and other financial assets under the existing legal framework.

The bill also requires regulators to take measures to ensure cybersecurity, prevent money laundering, counter-terrorism financing and the proliferation of weapons of mass destruction. The law stipulates that local governments should introduce policies to support the development of human resources in the digital technology industry, especially to support the development of talents engaged in key projects such as digital technology products, semiconductors and artificial intelligence systems.

3. In-depth analysis

3.1Analyzing RWA token securitization and comparing the current global regulatory situation

https://www.panewslab.com/zh/articles/2j14f3qm

The core of RWA is not to move the assets themselves to the chain, but to tokenize the "equity certificates that prove you own the assets" - for example, converting legally recognized equity certificates such as stocks, bonds, and property rights certificates into tokens on the chain. That is, the essence of assets is "rights", and the carrier of rights is "legally recognized certificates". What RWA needs to do is to repackage these "legally protected certificates" with blockchain technology to make the circulation of certificates more efficient and transparent.

This article analyzes the classification and regulatory status of RWA in different countries and regions, as well as potential problems in practice outside of the law.