China's 28M-User CaoCao Mobility Teams Up with Victory Securities for Virtual Asset Strategic Collaboration

Caocao Mobility, a leading ride-hailing platform in China, has announced a groundbreaking partnership with Victory Securities, a licensed financial institution based in Hong Kong. The two companies have signed a virtual asset strategic cooperation memorandum to explore innovative applications in blockchain and digital finance. This marks the first systematic exploration of tokenization of Real World Assets (RWA) and stablecoin integration within the domestic transportation industry.

\

The partnership will focus on three major areas: the tokenization of real-world assets (RWA), the application of stablecoin payments, and the issuance of compliant digital currencies. By leveraging blockchain technology and Web3 innovations, the collaboration aims to revolutionize the Robotaxi industry through asset tokenization.

Gong Xin, Executive Director and CEO of Caocao Mobility, shared his vision for the initiative, stating, “Through blockchain technology and Web3.0 innovation models, we aim to accelerate the asset tokenization process within the Robotaxi industry.”

This strategic move underscores the growing interest in integrating cutting-edge digital financial tools into traditional industries. It also highlights the potential of blockchain technology to transform the way businesses operate, particularly in sectors like mobility and transportation.

The partnership between Caocao Mobility and Victory Securities sets a precedent for future collaborations in the transportation industry, paving the way for a more decentralized and efficient financial ecosystem.

Founded in 2015, Caocao Mobility is one of China's leading ride-hailing companies, offering environmentally friendly transportation solutions powered by electric and hybrid vehicles. As a subsidiary of Geely Holding Group, the company leverages its parent’s expertise in automotive manufacturing to provide sustainable and innovative mobility services. Caocao Mobility operates across over 60 cities in China and is known for its commitment to safety, reliability, and green technology. With its growing fleet of Robotaxis and focus on integrating advanced technologies, Caocao Mobility is setting itself apart as a pioneer in the future of urban transportation.

This strategic move underscores the growing interest in integrating cutting-edge digital financial tools into traditional industries. It also highlights the potential of blockchain technology to transform the way businesses operate, particularly in sectors like mobility and transportation.

The partnership between Caocao Mobility and Victory Securities sets a precedent for future collaborations in the transportation industry, paving the way for a more decentralized and efficient financial ecosystem.