Industry first! CaoCao Mobility explores RWA tokenization and stablecoin payments to accelerate Robotaxi ecosystem development.

On August 6, China's leading technology-driven mobility platform CaoCao Mobility (Stock Code: $CAOCAO INC(2643.HK)) and Hong Kong-licensed financial institution Victory Securities (Stock Code: $VICTORY SEC(8540.HK)) officially signed a strategic cooperation memorandum on virtual assets. The two parties will engage in in-depth cooperation in three key areas: real-world asset (RWA) tokenization, stablecoin payment applications, and compliant digital currency issuance. This collaboration not only marks the first systematic exploration of integrating cutting-edge digital financial tools like RWA and stablecoins in China's mobility industry but also represents a critical step for CaoCao Mobility to leverage fintech innovation to revitalize core assets, accelerate its Robotaxi (autonomous taxi) strategic deployment, and unlock the value of green mobility assets.

Gong Xin, Executive Director and CEO of CaoCao Mobility, stated at the signing ceremony: "Technological innovation has always been the core engine driving CaoCao Mobility's development. This strategic cooperation with Victory Securities is a significant initiative for us to embrace the digital economy, lay the foundation for future large-scale Robotaxi operations, and unlock the value of green mobility assets. By connecting physical assets with digital finance through RWA, we can not only optimize capital efficiency and enhance liquidity but also build innovative payment and value circulation infrastructure for future highly automated and intelligent mobility service networks, creating multi-dimensional value."

Currently, CaoCao Mobility is steadily expanding its Robotaxi fleet. It launched Robotaxi pilot services in Suzhou and Hangzhou in February this year and plans to introduce L4-level Robotaxi custom vehicles designed specifically for autonomous driving, while also building an automated operational system covering full scenarios such as vehicle maintenance and energy replenishment. CaoCao Mobility's Robotaxi business, with its stable, long-term, and predictable operational characteristics, presents a highly promising frontier RWA asset. Through blockchain technology and Web3.0 innovation models, it will accelerate the asset tokenization process for the Robotaxi industry, injecting new momentum into the sector.

As a shared mobility brand incubated by Geely, CaoCao Mobility has experienced sustained rapid growth. In 2024, the platform completed 598 million ride-hailing orders, with a 51.8% year-on-year increase in order volume in Q1 2025. In terms of its smart battery-swapping network, the number of swap stations has expanded to 435, serving both its own fleet and third-party vehicles, generating continuous operational revenue and benefiting from the future large-scale operation of Robotaxi to further improve utilization efficiency.

All of CaoCao Mobility's custom vehicles are new energy vehicles, which have cumulatively reduced over 3.1 million tons of carbon emissions. These assets align with global green finance trends, and their RWA transformation is expected to innovatively convert their benefits into quantifiable and tradable digital financial value.

Leveraging Victory Securities' compliance licenses, fund management, and virtual asset custody experience in Hong Kong, CaoCao Mobility is poised to issue RWA funds or asset-backed tokens based on its high-quality mobility assets under Hong Kong's regulatory framework. This opens up innovative financing pathways for the company and, by leveraging blockchain's transparency, clearly showcases its robust operational foundation, high-quality green assets, and forward-looking mobility strategies to global investors.$CAOCAO INC(02643.HK)