Odaily News CITIC Securities Research Report believes that recently, Hong Kong, China and the United States have both advanced the legislative process of stablecoin-related bills to varying degrees. Stablecoins can provide a stable currency value trading method for RWA token assets, enhance market liquidity, and help promote the further implementation of RWA issuance projects by mainland Chinese companies in Hong Kong. At the same time, the Stablecoin Act is expected to indirectly promote the construction of digital currency-related payment and settlement interfaces in the Hong Kong financial industry, and financial IT companies with experience in cross-border settlement of digital currency/digital RMB and supply chain financial projects are expected to benefit. Huaxi Securities said that RWA will become the core hub linking the real economy and digital finance. In the future, RWA tokens will expand to more segmented scenarios, such as carbon assets, supply chains, and intellectual property rights, superimposed with AI and large on-chain models to achieve automatic valuation and intelligent liquidation, and activate the digital liquidity of trillions of physical assets. (Cailianshe)

Odaily News CITIC Securities Research Report stated that Hong Kong and the United States have recently promoted the legislative process of stablecoin-related bills to varying degrees. Stablecoins can provide a stable currency value trading method for RWA token assets, enhance market liquidity, and help promote the further implementation of RWA issuance projects by mainland companies in Hong Kong; at the same time, the stablecoin bill is expected to indirectly promote the construction of digital currency-related payment and settlement interfaces in the Hong Kong financial industry, and financial IT companies with experience in digital currency/digital RMB cross-border settlement and supply chain financial projects are expected to benefit. (Jinshi)

<p>Odaily星球日报讯&nbsp;加密资产创新实验室 SuperFi Labs 宣布完成 250 万美元融资，供应链金融科技上市公司联易融（Linklogis）领投，SNZ、Taiko、ByteTrade 等参投。<span style="display：inline !important；">此前，Generative Ventures 作为早期投资人对其进行了天使轮的投资，新将用于产品研发、市场拓展以及团队建设，推动资产端 RWA 产品和资金端 Defi 产品的上线。</span></p>

Odaily News Roam, a decentralized global broadband roaming network provider, has reached a cooperation with Huma, a payment financing network focused on the tokenization of real-world assets (RWA), to launch the DePIN hardware loan program, which will help Roam quickly deploy its basic hardware facilities and promote the development of decentralized networks. At the same time, it will also help Huma platform users to participate in the construction of the DePIN network with the help of the on-chain PayFi tool and obtain considerable and stable returns. Users can pledge the cash flow generated by the Roam Growth product of the Solana ecosystem, and use Roam tokens or NFTs as collateral to quickly obtain loans from the Huma platform to purchase Roam&#39;s Wi-Fi hardware equipment, thereby participating in the construction of the global decentralized Wi-Fi network and obtaining RoamPoints rewards. The plan also makes full use of the on-chain supply chain financial platform developed by PolyFlow to achieve micro loans for single or multiple mining machines. Earlier news, Huma announced the completion of US$38 million in financing and plans to expand to multiple public chains such as Solana. Roam has previously completed two rounds of financing of tens of millions of US dollars. Its network covers nearly 200 countries. The Roam app has more than 700,000 registered users, more than 600,000 self-owned nodes and more than 3.5 million OpenRoaming nodes.

Odaily News The Hong Kong Monetary Authority announced today the launch of the Ensemble project sandbox and released four thematic use cases for the application of tokenized technology. Two independently operated subsidiaries of Ant Group participated in the sandbox. Among them, Ant Digits assisted in building the &quot;tokenized asset platform&quot; of the sandbox and participated in the two themes of &quot;green and sustainable finance&quot; and &quot;trade and supply chain finance&quot;; Ant International participated in the &quot;liquidity management&quot; theme. Ant Digits CEO Zhao Wenbiao said that Ant Digits is very honored to be one of the first participants in the Ensemble project and provide it with technology and solutions. With the support of the Hong Kong Monetary Authority, Ant Digits can participate in various innovative projects and apply the digital technology accumulated over the years. In the future, it will jointly launch a variety of RWA projects with more partners to provide technical support for high-quality projects in China and around the world, especially new energy entity projects, to help them obtain more development opportunities. Interested partners are also welcome to explore the support of new technologies for the real economy. (aastocks)

Odaily News Chen Zhongni, a member of the Legislative Council of the Democratic Alliance for the Betterment and Progress of Hong Kong, wrote an article entitled &quot;Empowering the Application Development of Web3.0 in the Financial Industry&quot;, in which he pointed out that the Hong Kong government must vigorously develop infrastructure that can support the long-term development of Web3.0. In view of the defects of the current mainstream public blockchain platforms in terms of privacy protection, Hong Kong should support the research and development of basic blockchain platforms with security, privacy protection, high efficiency, low cost, energy saving, compliance, modularity and global vision. The authorities need to invest more resources and technology to encourage scientific research and innovation, and formulate policies and regulations to support the development of blockchain technology. Secondly, as an important bridge between Web3.0 and the physical world, digital identity is recommended to accelerate the construction of a digital identity system and standards based on Hong Kong residents, gradually establish a set of applications for more widespread adoption of digital identity between public and private institutions, and promote widespread adoption by all sectors, such as incorporating digital identity into the &quot;Smart Convenience&quot; platform. In addition, it is recommended to improve Hong Kong&#39;s compliance and regulatory framework in the field of Web3.0 encrypted digital, protect the rights and interests of investors, and promote market fairness and transparency. Risk monitoring and early warning of the Web3.0 market are carried out through technical means such as big data and artificial intelligence. Establish a Web3.0 industry committee, formulate industry norms and standards, and strengthen training for practitioners. At the same time, Hong Kong must actively guide the exploration of innovative combinations of Web3.0 and traditional finance, such as data connectivity between government departments and banks, traditional financial payments and settlements, personal and corporate credit business, supply chain finance, etc. Hong Kong should also attach importance to and accelerate the implementation of stablecoins denominated in Hong Kong dollars and using multiple assets as collateral, and develop digital asset businesses centered on the digitization and tokenization of real assets (RWA), such as bonds, funds, private credit, trade, real estate, carbon credit certificates, and precious metals, promote the standardization of asset chain protocols, and formulate and introduce a legal system for the circulation of RWA tokens in a timely manner to promote seamless integration, data sharing, and asset transfer between the two ecosystems of traditional finance and virtual assets. (Hong Kong Commercial Daily)

Odaily News According to official news, Ripple announced a strategic partnership with HashKey DX, a Tokyo-based professional consulting firm under HashKey Group, to introduce XRP Ledger (XRPL)-powered enterprise solutions to the Japanese market.

Odaily星球日报讯 Cregis 认为，欲促进 Web3 在社会生产和服务中大规模的应用，需要解决三个核心的连接问题：算法共识和社会共识的连接、DAO 组织和社会组织的连接以及链上价值和实体价值的连接。而现有的连接方式，即自管、混合管理和全托管，已经不能满足大规模的社会应用所带来的复杂业务需求、监管需求和抗风险等需求。 基于此，Cregis 率先提出基于“共管”理念解决连接问题，Edging Bridge 也将在 2024 年内发布。 Edging Bridge 可广泛应用于 RWA、资产管理、供应链金融、GameFi、SocialFi 以及其它将 Web3 应用于社会生产和服务的场景。

Odaily News The General Office of the Shanghai Municipal Peoples Government issued a notice on Several Policies and Measures in Shanghai to Promote the Healthy Development of the Online New Economy, which mentioned that the measures include creating new infrastructure to support new quality productivity, specifically: - Accelerating the construction of urban areas Blockchain infrastructure. Promote the construction of the Pujiang Digital Chain urban blockchain digital infrastructure system, build dedicated computing power clusters and distributed open networks, and create a public basic service platform that supports convenient on-chain, use of chains, and cross-chains. Create a number of blockchain benchmark demonstration scenarios for government and public services, data circulation, cross-border trade, shipping logistics, supply chain finance, industrial Internet and other fields. Encourage high-quality enterprises, scientific research institutes, etc. to jointly carry out technological research and ecological co-construction, and create a full-chain technology independent innovation system for blockchain. Actively explore cooperation with overseas countries and create cross-chain open application pilots. - Explore and build a standardized Web 3.0 ecosystem. Support online new economy enterprises to carry out research and development on Web3.0 smart contracts, network operating systems, digital identity authentication and other technologies. Open data asset ownership verification, supply chain management, business entity credit, commodity traceability, cross-border trade circulation and other scenarios to encourage online new economic enterprises to create distributed applications.

Odaily News: In a governance vote concluded on Thursday, the MakerDAO community unanimously recommended to cease providing loans to the tokenized credit pool on the lending protocol Centrifuge. According to a MakerDAO governance post, "While Harbour Trade has verbally committed to stop further withdrawals and voluntarily close the vault, community members express concerns about the existing $7 million debt ceiling and the increased risk exposure to the vault." (CoinDesk) Previously, it was reported that approximately $5.8 million in loans were overdue in two lending pools of the decentralized lending protocol Centrifuge, including delinquent debts from consumer loans, invoices, and trade receivable financing. Harbor Trade Credit, launched by Harbor, a solution provider specializing in supply chain finance (SCF) and working capital turnover, leverages the Centrifuge protocol to initiate the tokenization of assets (HTC-DROP).