CITIC Securities: It is recommended to pay attention to investment opportunities in RWA issuance, financial IT, and cross-border payment industries

According to a research report by CITIC Securities, the legalization of stablecoins in Hong Kong has driven the continuous expansion of the stablecoin industry chain, with segmented links constantly extending. We are optimistic that RWA (Real World Assets) issuers, consulting/technical support service providers, and cross-border payment companies will benefit first, and suggest paying attention to investment opportunities in RWA issuance, financial IT, and cross-border payment industries. At the same time, there are currently objective issues such as the need to improve the RWA primary and secondary market mechanisms, observe the demand for financial IT after the implementation of laws, and regulate cross-border payments of stablecoins. We are optimistic about the healthy development of the stablecoin industry with further improvement of relevant legislation and rules.