#RWA热潮 Derlin Holdings opened high and surged in early trading, once soaring 15%, reaching a peak of HKD 3.81. Behind the strong upward movement in stock prices is the company's official announcement of a strategic partnership with fintech company Asseto to jointly enter the hot RWA track. Currently, as the "Stablecoin Regulation" gradually takes effect, RWA is experiencing a dual catalyst of policy and technology: on one hand, stablecoins serve as a low-cost, high-efficiency pricing and settlement tool, opening funding channels for RWA products; on the other hand, they significantly enhance the liquidity of RWA assets, accelerating product innovation and scenario implementation. Hong Kong stock RWA concept stocks have also seized this opportunity to initiate a new wave of excitement.