In early August, Cao Cao Travel (02643.HK) formally signed a strategic cooperation memorandum for virtual assets with Hong Kong licensed broker Victory Securities (08540.HK), focusing on three major areas: RWA, stablecoin payments, and compliance digital money issuance for in-depth cooperation. This is the first time in the domestic travel industry that a systematic approach has been taken to explore the integration of RWA and digital finance, marking a proactive embrace of on-chain financial transformation by traditional industries, and providing a tangible and implementable application model for the RWA sector.
Cao Cao Travel's Executive Director and CEO Gong Xin stated that through blockchain technology and Web3.0 innovative models, the process of asset tokenization in the Robotaxi industry will be accelerated.
As a Hong Kong-listed platform under Geely Holding Group, Caocao Travel is accelerating its layout of the Robotaxi business. By February 2025, it has launched pilot projects in Suzhou and Hangzhou, planning to introduce L4 level customized autonomous driving vehicles.