Sanwei Xin'an, a leading Chinese cryptography infrastructure provider, has confirmed its involvement in supporting Hong Kong's virtual currency and stablecoin ecosystems through advanced cryptographic security solutions. The company disclosed this strategic engagement via the Shanghai Stock Exchange's e-interaction platform on June 30.
Key Business Developments
- Hong Kong Market Expansion: Sanwei Xin'an is actively providing cryptographic security for virtual asset operations in Hong Kong, leveraging its proprietary password technologies and project implementation expertise to ensure transaction integrity.
- Stablecoin Security Focus: The company emphasizes that cryptography serves as the foundational layer for stablecoin applications—particularly in cross-border payments—where it ensures data encryption, digital signatures, and secure key management.
- Web3.0 Applications: Sanwei Xin'an identifies Web3.0 domains (including decentralized finance and digital assets) as priority growth areas, with capabilities extending to quantum-resistant cryptographic algorithms.
Domestic Projects and Technological Capabilities
Beyond Hong Kong, the company contributes to China's national digital identity initiatives:
- eID (electronic identification)
- CTID (cyberspace trusted identity)
- National Network ID Program
Its product portfolio spans:
- Hardware: Cryptographic chips, boards, and complete machines
- Systems: Custom solutions for blockchain, IoT, AI, and vehicle-to-everything (V2X) networks
- Algorithms: Full support for China's SM-series standards (SM1-SM9, ZUC) and post-quantum cryptography
Financial Performance Q1 2025
| Metric | Value (CNY) | YoY Change |
|---|---|---|
| Revenue | 65.53 million | +32.7% |
| Net Profit | -34.01 million | Increased loss |
Growth Drivers:
- Increased orders from key industries
- Synergies from acquiring Jiangnan Tian'an (2024)
Challenges:
- Expanded R&D/sales personnel costs
- Integration expenses from mergers
👉 Explore cryptographic security solutions for Web3.0
FAQs
Q: How does Sanwei Xin'an support stablecoin operators?
A: The company provides end-to-end cryptographic infrastructure—from hardware to system integration—ensuring compliance, transaction security, and key lifecycle management.
Q: What distinguishes their Hong Kong operations?
A: Tailored solutions meeting Hong Kong Monetary Authority's virtual asset frameworks, with localized technical support and hybrid encryption models.
Q: Will future R&D focus on quantum computing threats?
A: Yes. Their roadmap includes post-quantum cryptography standardization and hardware acceleration for next-gen security needs.
Sanwei Xin'an demonstrates how traditional cryptographic expertise is pivoting to secure emerging digital economies. Their dual focus on regulated stablecoin ecosystems and sovereign identity projects positions them uniquely across Asian markets.