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

Odaily News Chen Ningdi, chairman of the board of directors of Delin Holdings Group, a Hong Kong asset management and investment service platform, said in a recent interview that the company will spare no effort to apply for a Hong Kong stablecoin license. He also said that issuing stablecoins is equivalent to having the right to issue banknotes, so there are extremely high requirements for risk control, technical security, and transparency of underlying assets. Once the stablecoin license is approved, Delin Holdings will divide many traditional financial assets into RWAs and give them to buyers through the chain. In the future, it may also cooperate with some large banks, such as custodian banks, and look for cooperation with virtual currency digital currency exchanges, hoping to become the second or third batch of institutions approved for licenses. (Sing Tao Daily)