"According to Guo, China’s Digital Currency Electronic Payment (DCEP) would play a significant role in tackling the issues that traditional payments systems have across the nation. He said that the digital yuan would focus on supporting the nation’s retail operations. And, eventually, expand its use towards wholesale and more complex businesses.

Once this is achieved, Guo said that China would be opening the doors to security token offerings (STOs). These types of digital assets are regulated financial securities that are backed by real-world tangible assets such as stocks, bonds, or real estate. The Chinese bureaucrat affirmed that STOs would be allowed to launch within a 'strict regulatory sandbox mechanism.'"