Minsheng Securities Builds Stablecoin-RWA Ecosystem Leveraging China's High-Quality Assets for Web3.0 Transition

Minsheng Securities has outlined a strategic initiative to establish a stablecoin and real-world asset (RWA) ecosystem, positioning China’s high-quality assets at the forefront of the Web3.0 transition. The research report emphasizes a government-enterprise alliance that leverages high-quality domestic assets to anchor stablecoins and RWAs, creating a closed-loop ecosystem. This move aims to tokenize assets such as renewable energy infrastructure—highlighting projects from Ant Group, Longi Green Energy Technology, and XinAo Group—and expand into sectors like computing power leasing [1]. The report suggests this will enable Chinese assets to serve as foundational components of diversified on-chain portfolios, aligning with global Web3.0 adoption trends [1].

The framework proposed by Minsheng Securities involves a three-layer blockchain progression: starting with consortium chains, advancing to public chain Layer 2 solutions, and ultimately transitioning to Layer 1 public chains. This phased approach is designed to optimize scalability and security while integrating infrastructure, liquidity activation, and global asset networks in a stepwise manner [1]. The firm also draws parallels with international models, noting that domestic fintech firms and exchanges could replicate the value-creation trajectories of U.S. platforms like Robinhood. A critical factor in this dynamic is the "license effect," where regulatory compliance and institutional partnerships may enhance the competitive edge of Chinese firms in the tokenization space [1].

Global regulatory developments are central to this strategy. The report cites U.S. legislative efforts on stablecoins and upcoming Hong Kong regulations as indicative of a broader policy shift toward embracing Web3.0 technologies. Such frameworks, the firm argues, will provide the legal clarity needed to accelerate asset tokenization [1]. Ant Group’s ongoing RWA initiatives are highlighted as a key example of how domestic enterprises are capitalizing on this trend, directly targeting new on-chain capital inflows by bridging traditional and digital asset markets [1].

The implications for the financial sector are significant. By tokenizing real-world assets, Minsheng Securities envisions a system where liquidity and accessibility are enhanced for both institutional and retail investors. The report underscores that this transition is not merely technological but also regulatory and structural, requiring coordinated efforts across policymakers, enterprises, and technology providers. While the analysis does not quantify projected market growth, it aligns with broader industry optimism about tokenization’s potential to redefine asset management and investment flows [1].

Source: [1] [Minsheng Securities: Building a Stablecoin and RWA Ecosystem, Asset On-chain to Kick Off the Web3.0 Era] [https://www.theblockbeats.info/en/flash/304618]