Chutianlong: Plans to Offer Partner Banks a Cross-Border Settlement Solution Integrating Stablecoins and SIM Cards

ChainCatcher reports that, according to Zhitong Finance, Chutianlong held an online investor communication meeting on July 21. In response to an institutional investor's question about the company's progress in digital currency business in the first half of this year, Chutianlong replied: First, the company's system development business related to digital currency has grown rapidly, with some system platforms already delivered and operating at certain banks; second, the company continues to strengthen its market position in key areas such as digital currency hardware wallets and issuance and acceptance terminals; third, it is working with outstanding partners to jointly advance cooperation in the field of cross-border payments for digital RMB.

In addition, the company is seizing industry opportunities brought by the legalization of virtual asset trading in Hong Kong, planning to build eSIM management platforms for operators and provide partner banks with cross-border settlement solutions that combine stablecoins and SIM cards. As of now, the company's digital currency business revenue has seen some growth compared to previous years, but still accounts for a relatively small proportion of total revenue.