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On July 21, 2025, leading artificial intelligence company 4Paradigm and fixed-income fintech platform 9M Technologies announced a strategic partnership and jointly released a "Stablecoin Underlying Asset Management Solution"tailored for the stablecoin ecosystem. This solution combines 4Paradigm's powerful AI capabilities with 9M Technologies'extensive experience in managing fixed-income portfolios for over 20 leading financial institutions. The aim is to jointly explore the stablecoin market, address the lack of compliant, secure, and intelligent asset management systems in the stablecoin investment field, and promote the construction of intelligent infrastructure for the stablecoin ecosystem, thereby accelerating the pilot and implementation of compliant stablecoin products. Compared to the previously launched "Stablecoin Intelligent Risk Control & Intelligent Compliance Solution,"the "Stablecoin Underlying Asset Management Solution"focuses on the stability of asset returns.
Cooperation Background: New Compliance Stage Drives Core Demand in Stablecoin Ecosystem
With the official implementation of Hong Kong's "Stablecoin Ordinance"and the continuous improvement of global regulatory policies, stablecoins, as an important bridge connecting traditional finance and the digital asset economy, are rapidly entering a new stage of compliance and institutional development. As a digital cash anchored to fiat currencies (such as the US dollar), the core stability of stablecoins lies in the issuer's professional management of its real-world asset reserves. To maintain this stability, issuers must effectively manage their equivalent real-world assets (reserves), including reasonable investment portfolio configuration and 24/7 risk monitoring. In this context, the industry urgently needs to build a key infrastructure supporting the healthy operation of the ecosystem—a stable and effective asset management solution aimed at providing a security layer for stablecoin holders'assets, covering reserve management, custody risks, market fluctuations, and potential losses such as fraud, thereby enhancing user confidence. In response to this core demand, 4Paradigm and 9M Technologies have joined forces to address the market's urgent needs and provide innovative security solutions for the stable operation of the stablecoin ecosystem.
"Stablecoin Underlying Asset Management Solution": AI + Fixed Income for More Efficient Underlying Asset Management
With the deep integration of both parties'systems, a closed-loop operation mechanism of "asset allocation—risk warning—compliance verification"will eventually be established. This will not only greatly enhance stablecoin operators'control over asset security and regulatory compliance but also inject strong data intelligence and technical resilience into the entire stablecoin ecosystem, promoting the industry's continuous development towards a more transparent, robust, and compliant direction.
Scenario Application: Empowering Stablecoin Underlying Asset Management
Stablecoins, with their low volatility and efficient circulation advantages, have become investment hotspots. However, their core challenge lies in: issuers needing to balance profit demands with asset stability—if reserve asset returns are insufficient or risks are uncontrolled, the "stability"foundation will be shaken. The "Stablecoin Underlying Asset Management Solution"has emerged, ensuring issuers'core operations through the AI + Fixed Income dual engine:
Reserve Asset Intelligent Optimization:Dynamically configure fiat currency/government bond collateral asset portfolios to enhance returns while ensuring safe liquidity (e.g., optimizing the ratio of cash to short-term bonds).
Real-Time Risk Proactive Defense: Monitor risks such as interest rate fluctuations and credit defaults from multiple dimensions, with AI quantitative models providing real-time warning threshold breaches and timely portfolio adjustments to prevent de-pegging.
Liquidity Precise Matching: Manage assets based on liquidity grading, dynamically adjusting the proportion of high-liquidity assets based on redemption forecasts to prevent run risks.
Automated Compliance Disclosure: Automatically generate standardized reserve proof reports and verify asset categories/proportions'compliance in real-time (e.g., meeting Hong Kong's "Stablecoin Ordinance").
Continuous Upgrade of Operational Strategies: Automate valuation, reconciliation, and stress testing, optimizing asset allocation strategies through historical data backtesting.
Cooperation Outlook: Building Intelligent Infrastructure for Stablecoin
Short-Term Focus: Launch an integrated SaaS solution for "Compliance + Portfolio Management"to assist issuing institutions in quickly establishing standardized system capabilities and accelerate the implementation of regulatory sandbox projects.
Mid-Term Deepening: Co-build a stablecoin asset rating system and open API services, providing modular access for commercial banks and licensed platforms, promoting transparency and standardization in reserve management.
Long-Term Co-Building: Collaboratively create a national-level stablecoin technical foundation to support strategic projects such as cross-border digital RMB interoperability, constructing secure and trustworthy underlying capabilities with the "AI Risk Control + Financial Engineering"dual engine.
Innovative Pathways
Explore the "Technology-Driven + Compliance Affiliation"model:
1)Jointly conduct issuance pilot projects with licensed institutions.
2)Position as a core service provider for risk control and system layers.
3)Gradually establish compliant issuance capabilities with high technical barriers.
In the future, both parties will continue to deepen AI cooperation, strengthen integrated solutions in the financial field and other sectors, continuously empower Chinese enterprises'intelligent operation paradigm innovation, jointly explore markets, and promote the digital transformation and high-quality development of enterprises and institutions.
4Paradigm
4Paradigm is a leading artificial intelligence technology and service provider, an innovator in data science-driven industry applications, with international foresight in fields such as AutoML and transfer learning. As a benchmark enterprise in the financial technology risk control field, 4Paradigm has served multiple leading Chinese banks over the past decade, intercepting fraudulent transactions exceeding 10 billion yuan, with nearly 2,000 successful implementation cases in government, energy, manufacturing, retail, healthcare, media, education, and internet sectors. Recently, it has keenly captured the demand in the stablecoin ecosystem and accurately launched the "Stablecoin Intelligent Risk Control & Intelligent Compliance Solution."In the future, it will actively lay out and continuously promote the compliant and healthy development of the stablecoin field.
9M Technologies
9M Technologies is a fintech service provider deeply rooted in the local market and facing the global stage, focusing on providing asset pricing, investment portfolio analysis, and risk management system solutions for financial institutions such as banks, securities firms, and fund companies. With years of service experience and technical accumulation for domestic and foreign leading financial institutions, its self-developed investment portfolio management and risk management systems have been implemented in over 20 large institutions. These clients include bank financial market departments and wealth management, securities proprietary and asset management departments, various fund companies, etc., with the asset management scale served by the system totaling nearly 10 trillion yuan.