On August 7, Caocao Travel (Hong Kong Stock Code 02643) officially signed a strategic cooperation memorandum with Victory Securities, a licensed institution in Hong Kong, focusing on three major directions: real-world asset (RWA) tokenization, stablecoin payment, and compliant digital currency issuance. Stimulated by the news, Caocao Travel's stock price rose by over 20% on August 7, with RWA concept becoming the market focus.
This cooperation is the first systematic exploration of "ride-hailing assets + RWA" application scenarios in the travel industry. Caocao Travel CEO Gong Xin stated that by using RWA technology to deeply integrate green travel with digital finance, they hope to activate core assets like Robotaxi and establish a first-mover advantage in the autonomous driving track. Currently, Caocao has launched Robotaxi pilot operations in Hangzhou and Suzhou, and plans to introduce L4-level autonomous driving customized vehicles, further consolidating the foundation for asset tokenization.
Under the green finance trend, Caocao's new energy vehicle fleet has already reduced carbon emissions by over 3.1 million tons, with green assets showing long-term financial potential. Through Victory Securities' compliant framework, Caocao Travel may issue RWA funds or stablecoins linked to travel assets in Hong Kong in the future, expanding innovative financing channels.
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