EV Platform CaoCao Leverages Hong Kong’s RWA Market for Green Asset Tokenization

CaoCao Inc., a Chinese electric vehicle mobility platform, has entered a strategic partnership with Hong Kong-licensed Victory Securities to tokenize its green mobility assets. The collaboration aims to bridge physical assets with blockchain-based financing, focusing on stablecoin payments, asset-backed tokens, and regulatory-compliant digital currency development.

The agreement positions CaoCao's robotaxi operations and battery-swapping stations as collateral for asset-backed financing products. "This initiative lays the groundwork for large-scale robotaxi deployment while unlocking the value of sustainable transport infrastructure," said Gong Xin, CEO of CaoCao Inc. The MOVE reflects growing institutional interest in real-world asset tokenization within regulated jurisdictions.