A-share listed company Gao Weida invests US$250,000 in Web3.0 RWA system company DACS

PANews reported on August 28 that A-share listed company Gaoweida announced that in order to explore technology and industry opportunities and promote cooperation related to stablecoins and RWA systems, the company's wholly-owned subsidiary Gaoweida Information Technology (Hong Kong) Co., Ltd. recently subscribed to 0.50% of the equity of Digital Asset Clearing Company Service Limited (DACS, Digital Asset Clearing Service Co., Ltd.) for US$250,000, with the latter being valued at approximately US$50 million. DACS is an institution focusing on digital asset clearing and settlement services. It provides clearing services such as digital currency and digital securities, and builds a trusted digital financial infrastructure. His team has rich experience in enterprise-level custodial wallets, stablecoin issuance, blockchain and RWA asset tokenization, and related solutions have covered accounts receivable, funds, carbon rights and other scenarios.