Yuanta Securities' "Stock Gift Card" has been approved by the FSC and can be directly exchanged for 241 Taiwanese stocks.

Taiwan's Financial Supervisory Commission today approved Yuanta Securities' application to launch the 'Stock Gift Card.' This financial technology innovation experiment will last for one year, with a launch within 3 months of the FSC's approval, and at the latest, it must be up and running by the end of May. Recipients of the gift card can purchase 241 different stocks, including Taiwanese stocks and Taiwanese stock ETFs. (Background: FSC holding a closed-door meeting? The encryption bill public hearing was 'announced in the morning and held in the afternoon.' Peng Jinlong: Taiwan's regulatory practices are at the forefront of the world.) (Context: FSC: Taiwanese VASP operators must apply for registration by 3/31, failure to comply may result in a maximum penalty of 50 million after 2 years, are all P2P transactions illegal?) The FSC announced today (27) that it has approved Yuanta Securities' application to launch the 'Stock Gift Card,' becoming the 10th case of financial technology innovation experiment approved by the FSC. The experiment will last for one year, and as it does not involve legislative amendments, it can be implemented immediately after the one-year experiment is completed, with Yuanta Securities required to start the experiment by the end of May this year. The Stock Gift Card can purchase 241 Taiwanese stock targets. Hu Zehua, Director of Innovation at the FSC, stated that in this experiment, Yuanta Securities will electronically issue and sell stock gift cards, allowing purchasers to use them personally or give them as gifts. Holders of the stock gift card can log in to Yuanta Securities' electronic platform and enter the redemption code to convert the value of the stock gift card into usable funds for stock trading. (Currently, stock gift cards can only be used to purchase the 241 Taiwanese stocks under Yuanta Securities.) Hu Zehua pointed out that there are six denominations of stock gift cards, including NT$100, NT$300, NT$500, NT$1,000, NT$3,000, and NT$5,000. They can mainly be used to pay for stock delivery, fees, transaction taxes, etc. Each person can purchase up to NT$250,000 worth of stock gift cards, which can be used to buy stocks. Any remaining balance can be stored in Yuanta Securities' delivery account and exchanged for cash if not fully utilized. To purchase stock gift cards, one must be a Yuanta Securities client, and the person using the card must also be a Yuanta Securities client. Purchasers can buy online at Yuanta Securities or be corporate clients. Yuanta Securities must conduct a Know Your Customer (KYC) check on purchasers. The stock gift card can only be used to purchase the 241 Taiwanese stocks and ETFs on the Fonestock app under Yuanta Securities. If the stock gift card is not redeemed, the amount will be refunded to the cardholder. Stock gift cards have no expiration date, but the experiment has a one-year limit. The scale of the experiment is estimated to be NT$100 million, with Yuanta Securities estimating that the number of purchasers could reach 35,000 and the number of redeemers could reach 31,500. Hu Zehua mentioned that Taiwan has not had a securities firm issuing stock gift cards in the past, making this case innovative. It can attract individuals without prior stock investment experience and provide them with the opportunity to learn about investment and finance. For Yuanta Securities, this innovation can bring in new customers and allow more young people to enter the capital market through stock gift cards. Could it be combined with Blockchain in the future? If this product becomes popular with consumers, perhaps the stock gift card could also be combined with blockchain technology. By utilizing the tamper-resistant nature of blockchain, transparency and security in transactions can be enhanced. Through blockchain, processes such as issuance, purchase, redemption, and refunds of the stock gift card can be recorded on the decentralized ledger, ensuring each transaction is traceable and immutable. Furthermore, with blockchain technology, the stock gift card can be transformed into a tradable tokenized asset, allowing cardholders to freely transfer or trade the gift card on-chain, increasing liquidity. It could even be integrated with other financial products, such as being used as collateral for borrowing, further enhancing the efficiency of capital utilization. Related Reports: Taiwan Policy Platform initiates 'BTC Strategic Reserve' petition: Regular investment in BTC, receiving 5,000 supporting signatures in two months, government needs to respond. Taiwan's Central Bank criticizes El Salvador: Abolishing BTC as legal tender is ironic, netizens retort, 'The first to fall still dares to laugh at the last.' South Korea accelerates lifting the ban on corporate investment in virtual assets, legislates for Stable Coin, can Taiwan keep up? <Yuanta Securities' 'Stock Gift Card' approved by FSC, can directly redeem 241 Taiwanese stocks> This article was first published on the BlockTempo, the most influential blockchain news media in the industry.