Huaxing Capital: The Hong Kong "Stablecoin Regulation" Takes Effect, Helping to Attract More Mainstream Institutions.

On August 1st, the Hong Kong Stablecoin Regulation officially came into effect. The Hong Kong Monetary Authority set a six-month transition period and is expected to issue the first stablecoin issuer license in early next year. The regulation establishes a legal foundation and regulatory framework for the landing and promotion of stablecoins in Hong Kong, providing a clearer and more predictable development environment for the digital asset industry in Hong Kong. Zi Yuan, Head of Proprietary investments at Huaxing Capital, believes that through the Digital Asset Manifesto 2.0, the Stablecoin Regulation, and the licensing guidelines, Hong Kong continues to inject confidence and vitality into the healthy development of the digital asset industry. The legalization and regulation of stablecoins will attract more mainstream institutions, quality capital, and innovative enterprises to enter, promoting the development and maturation of the financial ecosystem of the digital asset industry in Hong Kong. Previously, Huaxing Capital successfully invested in the Circle Internet Group and completed listings and multiple rounds of financing related services for many leading digital asset companies. In June 2025, CR HOLDINGS announced that, following a board decision to solidify its existing business, it was officially entering the Web3.0 and digital asset field and approving a budget of 100 million USD. This decision marks the first step of Huaxing Capital in the Web3.0 and digital asset field, aiming to respond to a series of positive policies launched by the Hong Kong government in recent years to support the development of the Web3.0 and digital asset industry and lead the development of innovative technology. Huaxing Capital believes that Web3.0 and digital assets have enormous future development potential and align with the trends in global finance and business development.