China Securities: Stablecoin compliance accelerates, asset tokenization ushers in the "equity era"

China Securities Investment Research Report stated that the compliance of stablecoins is accelerating, and asset tokenization is ushering in an "era of rights and interests." The global regulatory framework for stablecoins is accelerating, and the current market focus has expanded from cross-border payments to asset tokenization (RWA), which is driven by the core value of liquidity release and improved settlement efficiency. (Golden Ten) [Odaily Planet Daily]