Novermber 20, 2025. Suzhou, China - On November 20, the Suzhou Digital Finance High-Quality Development Conference and the inaugural Yangcheng Lake Financial Week (the 4th Yangtze River Delta Digital Finance Industry Innovation Week) officially opened. As one of the most influential digital finance events in the Yangtze River Delta, the conference brought together representatives from government agencies, academic institutions, financial organizations, and technology enterprises to explore pathways for advancing digital finance innovation.
During the opening ceremony, the first national "Digital RMB Innovation Application Pioneer List" was formally released. Leveraging its deep technological expertise and scenario-driven innovations in the digital RMB domain, XGD Inc. was selected from among numerous participating enterprises, earning recognition as a leading contributor in this emerging field.
As a key component of the conference, the "Digital Integration of Suzhou and Hong Kong · Intelligent Innovation for the Future" Digital Finance Innovation Exhibition was held concurrently. At the Suzhou International Cooperation Pavilion for Sci-Tech Finance Achievements, Yao Jun, Vice President of XGD Inc., engaged in in-depth discussions with industry experts on the evolution of digital RMB technologies and their integration with industrial ecosystems.
Speaking with Suzhou News media during the event, Yao Jun noted:
"As an active practitioner in the digital RMB sector, XGD Inc. has continuously increased its investment since establishing the Digital Currency Research Institute in 2019. We have collaborated with the Suzhou government to set up the Digital Currency Application Laboratory and upgraded to a dedicated Digital Currency Headquarters in 2023. Today, we have developed a comprehensive service system covering hardware, system platforms, and scenario-based solutions. Moving forward, we will continue to drive innovation and actively contribute to the development of the digital RMB ecosystem."
Deepening Digital RMB Capabilities: Building a Full-Chain Support System
On the hardware front, XGD Inc.'s smart payment terminals now fully support digital RMB acceptance, while its cloud audio devices enable real-time payment voice notifications. In technology innovation, the company has contributed to the formulation of digital RMB hardware wallet standards and completed the development of card-based hardware wallets—strengthening the technological foundation for ecosystem expansion.
Expanding Application Scenarios to Drive Digital Ecosystem Growth
As the digital RMB evolves across diversified use cases, XGD Inc. is actively deploying innovative applications across merchant acquiring, cross-border payments, flexible employment services, and more. Through collaboration with commercial districts, retail chains, and lifestyle service platforms, the company has built a closed-loop solution covering voucher issuance, payment, and settlement—effectively stimulating consumer activity.
Leveraging its established footprint in Hong Kong, Macau, and overseas markets, XGD Inc. is also exploring cross-border digital RMB applications to enhance payment convenience for international trade and tourism.
Strengthening Foundations and Strategically Positioning for Future Development
As digital RMB pilot programs continue to expand, XGD Inc. is reinforcing its payment infrastructure while enhancing data security and compliance frameworks. Driven by technological innovation, the company is optimizing its transaction security architecture and data governance mechanisms to provide a solid foundation for future business expansion.
In addition to deepening existing application scenarios, the company is enhancing system compatibility and broadening its scenario coverage—enabling merchants and users to enjoy safer, more convenient digital payment experiences.
Looking Ahead: Advancing Digital RMB Innovation and Ecosystem Collaboration
Building on its technological strengths and practical experience, XGD Inc. will continue exploring innovative digital RMB applications that support consumer spending, facilitate cross-border trade, and enhance government service efficiency. By working closely with ecosystem partners, the company aims to help build a healthy, sustainable digital RMB ecosystem and contribute long-term value to China's digital finance development.
