EV Platform CaoCao Taps Hong Kong’s RWA Boom to Monetize Green Mobility Assets
Main Idea
CaoCao Inc. partners with Hong Kong’s Victory Securities to integrate real-world asset (RWA) tokenization, stablecoin payments, and green mobility assets, aiming to monetize its electric vehicle operations.
Key Points
1. CaoCao Inc. collaborates with Victory Securities to focus on RWA tokenization, stablecoin payments, and a digital finance framework.
2. The partnership aims to connect physical assets like CaoCao’s Robotaxi fleet to digital finance, enhancing payment and value-exchange infrastructure.
3. CaoCao’s EV fleet has reduced 3.1 million tons of carbon emissions, making its green mobility assets a target for tokenization.
4. The company reported a 51.8% year-on-year increase in Q1 2025 and completed 598 million ride-hailing orders in 2024.
5. Tokenizing mobility assets could attract global investors, particularly ESG-focused funds, and may influence other EV platforms in Asia to adopt similar RWA models.
Description
Key Takeaways: CaoCao signed a strategic cooperation agreement with Victory Securities to tokenize its green mobility assets through RWA structures. The collaboration covers stablecoin payments, asset-backed token issuance, and future compliant digital currency development. Robotaxi operations and battery-swapping stations will serve as the foundation for asset-backed financing products. CaoCao Inc., a Chinese electric vehicle mobility platform, has signed a strategic memorandum of cooperation w...
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