Forge Holdings invests HK$1.7 million to establish a stablecoin research and development center with Hong Kong Polytechnic University.
TL;DR
Castor Holdings invests HK$1.7 million with Hong Kong Polytechnic University to create a stablecoin R&D center, focusing on regulatory compliance, RWA tokenization, and AI-driven innovations aligned with Hong Kong's policies.
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Odaily Planet Daily reports that Hong Kong-listed company Castor Holdings announced a HK$1.7 million investment to establish a stablecoin research and development center in partnership with the Hong Kong Polytechnic University. The center will focus on the integrated research and development of regulatory-compliant stablecoins and real-world asset (RWA) tokenization. Core objectives include developing an RWA framework consistent with Hong Kong's upcoming Stablecoin Bill and Virtual Asset Policy Declaration 2.0, and promoting AI-driven tokenization and real-time asset valuation model innovation. (Aastocks)