YTO Logistics Technology Holdings plans to apply for a Hong Kong stablecoin license and launch a dual token plan of "RHKD" and "RBTC"

Yotta Logistic Technology Holdings, a US-listed company, recently announced that it is actively studying the stablecoin regulation that will soon take effect in Hong Kong, and plans to apply for a stablecoin issuance license after the relevant regulations are officially implemented, and launch compliant digital asset products for the international market.

According to the company's announcement, Yotta Technology plans to issue two types of digital assets: one is the stablecoin "RHKD" anchored to the Hong Kong dollar, which will be used as a daily payment and settlement tool; the other is the digital token "RBTC" anchored to Bitcoin, which will be supported by 100% physical Bitcoin reserves and maintain a 1:1 exchange ratio with Bitcoin. The company said that users will be able to purchase RBTC with Hong Kong dollars or US dollars, thereby obtaining indirect Bitcoin exposure, and can also redeem it at any time.

In order to protect the reserve mechanism of RBTC, the company also announced the official launch of a Bitcoin acquisition plan of up to US$1.5 billion, and will use the company's common stock as a payment method to acquire BTC to support future token issuance.

The company's management said that the introduction of the Hong Kong Stablecoin Ordinance provides a clear regulatory framework and market access mechanism for global companies, which will help explore the application of stablecoins and digital assets under the premise of compliance. As a stablecoin anchored to the Hong Kong dollar, RHKD is expected to serve multiple application scenarios such as cross-border payments, trade financing and Web3 transactions; while RBTC is expected to become a regulatory-supported Bitcoin derivative asset, providing institutional clients and retail users with a more convenient BTC configuration channel.

At present, as Hong Kong financial regulators continue to promote the construction of a virtual asset regulatory system, supporting systems such as stablecoins, custody, and over-the-counter (OTC) platforms have been introduced one after another, attracting more and more international companies to deploy local digital financial ecology. As a technology-driven cross-border service company, Yuta Logistics' efforts in digital assets are seen as an important signal that the industrial chain is extending to financial technology.