
The tide of stablecoins surges, leading top public funds to cautiously explore new blue oceans
"Imagine a scenario: within the next 10 years, when all traditional financial assets are fully blockchain-enabled and rely on Web 3.0 technology for 24/7 trading, how will the operational models and product forms of the entire asset management industry change?" said Gan Tian, CEO of Huaxia Fund, at a recent public forum. On August 1, the Hong Kong "Stablecoin Regulation" will officially take effect, gradually opening up a trillion-yuan scale incremental market. In the face of this new financial ecosystem, leading public fund institutions are advancing on two fronts to meet the challenges. On one hand, they are actively promoting business layouts, and on the other hand, they maintain a prudent development attitude. "Compliance will be of utmost importance. In this emerging investment field, how to find the right positioning and establish differentiated competitive advantages, we still have a long way to explore," said a relevant person in charge of a public fund's Hong Kong subsidiary
