Forge Holdings invests HK$1.7 million to establish a stablecoin research and development center with Hong Kong Polytechnic University.

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)