"Interview with Executives of Encryption Concept Stocks" Dr. Cai Kailong, CEO of Nano bit: Company Strategy and Personal Vision under the Fusion of Coin and Stock

As a leading figure with extensive experience in both traditional finance and crypto assets, Dr. Cai shared the opportunity to join Nano Labs [NASDAQ: NA], insights on the integration trend of "coin stocks," the strategic planning of Nano bit HK, and his vision as a bridge between the crypto world and Wall Street. Article Author: 0x9999in1 Source: MetaEra The Web3 strategies and layouts of listed companies have become a hot topic of increasing public attention. Against this backdrop, MetaEra officially launches the "Crypto Concept Stock Executive Interview" series. We will engage in conversations with those business leaders who dare to take the lead in the wave of digital transformation, delving into their strategic layouts, business innovations, and financial innovations from the first-person perspective of decision-makers, providing forward-looking insights for industry participants.

As the first interview in this series, MetaEra conducted an in-depth interview with Dr. Cai Kailong, CEO of Nano bit HK, focusing on the theme of "strategic transformation and layout of listed companies under the trend of integration between traditional finance and crypto assets." As a leading figure with extensive experience in both traditional finance and crypto assets, Dr. Cai shared the opportunities that led him to join Nano Labs [NASDAQ: NA], insights into the trend of "coin-stock" integration, the strategic planning of Nano bit HK, and his vision of being a bridge between the crypto world and Wall Street. Seize the opportunity: Joining Nano Labs is the right moment for industry development. On July 17, 2025, Dr. Cai Kailong joined Nano Labs and became the CEO of Nano bit HK. He believes it is merely a personal decision made in response to trends. He argues that the deep integration of crypto assets and TradFi is advancing at an unprecedented speed. Crypto asset giants are flocking to the U.S. capital markets, while traditional financial institutions actively participate in the crypto space through ETFs, funds, and stock securitization, showcasing a two-way engagement between the crypto world and Wall Street. Dr. Cai and Dr. Kong Jianping, chairman of Nano Labs, are highly aligned in their judgment of this trend. As early as five years ago, his doctoral thesis in finance focused on the relationship between Bitcoin and the U.S. stock market, predicting various scenarios for their integration. This forward-looking vision has led him to consistently adopt an investment strategy of half U.S. stocks and half crypto assets while managing a cryptocurrency fund, a practice that is quite unique in the industry. With rich experience in traditional finance (such as Wall Street investment banks and Deutsche Bank) and cryptocurrency (such as Huobi Group), his joining Nano Labs seems a natural fit. He believes that Nano Labs, as a blockchain company listed in the U.S., demonstrates keen insight into industry trends through its transformation from chip design to strategic reserves of crypto assets. Coin-stock integration: The removal of regulatory barriers triggers explosive growth. In Dr. Cai's view, the surge of the "coin-stock" integration is driven by significant changes in the regulatory environment. After Trump took office, the U.S. attitude towards crypto assets underwent a 180-degree shift, with changes in the SEC leadership and Congress passing multiple crypto-friendly bills, while Hong Kong also increased its support for virtual assets. These changes eliminated regulatory barriers that had long suppressed market demand, triggering explosive growth of the "coin-stock" concept. However, he cautions investors that this craze inevitably contains bubbles and a mix of good and bad players. Some companies may chase trends merely to save their stock prices, lacking a solid long-term strategic foundation. Dr. Cai categorizes the listed companies involved in the integration of "coin and stock" into three types: Native crypto companies: Strongly related to Crypto Assets and blockchain, enhancing compliance and influence through listing; Transformational companies: Leaders with foresight, actively transforming to integrate into the crypto field; Trend chasers: Poor main business, attempting to save stock price through Crypto Assets. Regarding tokenized stocks, Dr. Cai pointed out that this is not a brand new concept. As early as 2020 and 2021, FTX, Binance, and the Mirror Protocol launched tokenized products for U.S. stocks. The recent attention on Robinhood's tokenized stock business is due to its status as a globally compliant brokerage and its influence among young users. However, OpenAI's unauthorized accusations against Robinhood reveal that tokenized stocks touch on the interests of unlisted super unicorns—the circulation of tokenized stocks may undermine these companies' pricing dominance in future financing. In addition, tokenized stocks face regulatory challenges such as KYC, taxation, custody, and the definition of stocks, making their development prospects full of challenges. Strategic Layout: Nano bit HK continues to raise funds to increase BNB reserve size. An interesting point is that Dr. Tsai described the "coin-stock M7" concept proposed by MetaEra as the "seven sharp knives" that insert traditional finance into the crypto assets world. These companies, with their strong capabilities, compliant operations, and excellent talent, have become industry pioneers, seizing the discourse power and leading subsequent companies into this field. For example, Strategy (formerly MicroStrategy) achieved a tenfold increase in stock price through its Bitcoin strategic reserve, setting an example for other companies. Regarding the future of Nano bit HK, Dr. Cai stated that the company is already the world's leading listed crypto assets reserve platform with BNB as its core asset. He believes that although Bitcoin's strategic reserve remains mainstream, its return rate is not as high as that of other coins. BNB is more attractive due to its diverse sources of profit (such as staking, airdrops, etc.). The strategy of Nano bit HK includes: Expand BNB reserves: Increase the scale of BNB reserves through continuous fundraising; deepen institutional cooperation: Collaborate with key institutions in the BNB ecosystem to develop more profit sources; based in Hong Kong, facing the world: Utilize Hong Kong's unique advantages in the stablecoin and virtual asset sectors to promote industry development. Dr. Cai emphasized that he will leverage his experience in TradFi and Crypto Assets, particularly his expertise in financing, asset management, and risk control, to ensure the company achieves its strategic goals. Nano bit HK will also harness Dr. Kong Jianping's industry influence and compliance experience in Hong Kong to contribute to the development of the virtual asset ecosystem in Hong Kong. Personal Vision: Build a two-way bridge between the crypto world and Wall Street. At the end of the interview, Dr. Cai mentioned his personal vision. When he joined Huobi in 2017, he brought talents from Wall Street into the crypto world, helping the industry transition from grassroots to professionalism. Now, he hopes to reverse this trend by bringing talents from the crypto world into Wall Street, in line with cryptocurrency companies' pursuit of compliance and listing. He pointed out that many cryptocurrency companies currently choose to develop or list in the United States, reflecting the industry's strong pursuit of compliance. Dr. Cai hopes to continue playing a bridging role between the crypto world and Wall Street through the platform of Nano bit HK, promoting deep integration of the two, and guiding talents from the crypto world towards the compliant financial circle represented by Wall Street, injecting momentum for the long-term development of the cryptocurrency industry.