Finance

Tencent Holdings stands as one of the most iconic technology companies on the Hong Kong stock market and a major component of both the Hang Seng Index and the Hang Seng Tech Index. Following Gate's launch of Hong Kong stock trading services, users can invest in Tencent Holdings using USDT via the Gate Stocks platform, while managing Hong Kong stocks, U.S. stocks, and digital assets on the same platform.

Tencent Holdings (0700.HK) is one of the most iconic tech companies on the Hong Kong stock market and a key component of both the Hang Seng Index and the Hang Seng Tech Index. Beyond its business growth and share price performance, Tencent has a long track record of paying cash dividends to shareholders and boosting returns through share buybacks and other methods, making it a stock that consistently attracts strong interest from long-term investors.

Tencent Holdings is a leading internet technology company in China that has built a diversified business ecosystem spanning social platforms, digital content, gaming, fintech, and cloud services. It has become one of the most representative technology companies in the Hong Kong stock market.

Gate Stocks is Gate’s stock trading service that connects digital assets with traditional securities markets. It enables investors to continue participating in U.S. stocks and ETFs through USDT when Futu or other overseas brokers become unavailable—without opening a separate brokerage account or converting funds into USD.

Dinari is an American fintech company specializing in tokenized stock infrastructure. Its dShares product line transforms real-world equities into on-chain digital assets. The model relies on real securities custody, legal structure design, and blockchain-based issuance, allowing traditional stocks to preserve their asset-backed nature while achieving on-chain liquidity.

Backed Finance is a fintech company that specializes in tokenizing real-world assets (RWAs), mapping traditional financial assets like stocks and ETFs onto blockchain networks through a regulated issuance framework. Its tokenized assets are typically backed by the corresponding underlying securities, with asset mapping relationships maintained through custodians, legal entities, and compliance frameworks.

USDY and OUSG are both tokenized U.S. Treasury products from Ondo Finance, but they target distinct investor profiles and employ different legal structures. USDY is a yield-bearing tokenized note that provides USD yield exposure primarily to eligible international users, while OUSG represents the on-chain representation of U.S. Treasury fund shares, geared more toward institutional and accredited investors. Although both derive their yield from U.S. Treasuries, they differ significantly in access requirements, liquidity design, DeFi compatibility, and regulatory framework.

USDY, USDT, and USDC all provide users with USD exposure, but they are fundamentally different types of on-chain assets. USDY is a yield-bearing USD asset backed by U.S. Treasury bonds and bank deposits, enabling holders to indirectly earn Treasury yields; USDT and USDC are payment stablecoins primarily used for trading, settlement, and value transfer, with the goal of maintaining a near 1:1 peg to the USD. The three exhibit clear distinctions in yield mechanism, underlying asset structure, price performance, regulatory framework, and DeFi application scenarios.

USDC is a stablecoin pegged 1:1 to the U.S. dollar, jointly launched by Circle and Coinbase, and governed by the Centre Consortium.

Because Gate Stocks supports real stock ownership, investors can participate in economic rights associated with their holdings, including cash dividends, stock dividends, stock splits, and reverse splits.

Both SPCXX and SPCXON are SpaceX-linked tokenized stock products, yet they follow different design approaches. SPCXX prioritizes on-chain liquidity and price tracking, whereas SPCXON aims to replicate a fuller range of stock economic rights on-chain.

xStocks is a tokenized stock issuance network that maps real-world listed company stocks to digital tokens on the blockchain, allowing stock assets to be held, transferred, and traded on-chain. Each xStocks token typically represents a specific amount of underlying stock, with asset backing maintained through custodians, issuers, and a compliance framework.

The issuance of a stock in xStocks typically involves several stages, including the purchase and custody of actual shares, establishment of legal structures, on-chain token minting, market circulation, and ongoing reserve management. Each tokenized stock corresponds to a specific quantity of underlying stock assets, with custodians and issuing entities maintaining the asset mapping relationship.

xStocks and traditional brokerages are frequently compared because both provide investors with stock market exposure. The key distinction lies in how assets are held and settled. xStocks tokenizes real-world stocks on-chain, enabling holding and transfer through blockchain networks, whereas traditional brokerages record investor positions in securities accounts and rely on exchanges and central clearing institutions for settlement.

A variable interest rate, also known as a floating rate, is a common interest rate structure in the loan and mortgage market. Unlike a fixed rate, a variable rate fluctuates with market interest rates or central bank policy adjustments, meaning the borrower's interest payments are not fixed. When interest rates decline, a floating rate may reduce the repayment burden; conversely, when rates rise, monthly payments may also increase.