Derlin Holdings: If it obtains a stablecoin license in Hong Kong, it will put traditional financial assets on the chain and provide them to buyers in the form of RWA.

According to Mars Finance, Chen Ningdi, the chairman of the board of directors of Derlin Holdings Group, an asset management and investment services platform in Hong Kong, stated in a recent interview that the company will "spare no effort" to apply for a Hong Kong stablecoin license. He also mentioned that "issuing a stablecoin is equivalent to having the right to issue currency," thus there are extremely high requirements for risk control, technical security guarantees, and transparency of underlying assets. Once the stablecoin license is approved, Derlin Holdings will convert many traditional financial assets into RWA format through blockchain, making them available to buyers. In the future, there may also be collaborations with large banks, such as custodial banks, and they are looking for partnerships with virtual money digital currency exchanges, hoping to become one of the second or third batch of institutions to be granted licenses. (Sing Tao Daily)