CITIC Construction Investment: The compliance of stablecoins is accelerating, and asset tokenization is ushering in the "equity era".

[CITIC Securities: The Compliance of Stablecoins Accelerates, Asset Tokenization Welcomes the "Equity Era"] CITIC Securities research report states that the compliance of stablecoins is accelerating, and asset tokenization is entering the "Equity Era". The global regulatory framework for stablecoins is rapidly taking shape, and the current market focus has shifted from cross-border payments to asset tokenization (RWA), driven by the core value of liquidity release and improved settlement efficiency.

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