SK Hynix is going public in the US. Similarly, our trillion-level AI hardware leader is advancing its secondary listing in Hong Kong, and OpenStock has turned this listing event into an on-chain vault participation entrance.

This might be the most noteworthy aspect of OpenStock's Zhongji Innolight vault this time.
Many people, when they first see RWA, automatically interpret it as "putting stocks on the chain."
But the Zhongji Innolight case is somewhat different.
It is not an on-chain conceptual asset that has yet to be validated by the market, but an optical module leader that is already listed on A-shares and is consistently delivering results during the AI computing power cycle.
Zhongji Innolight's core business is high-end optical communication transceiver modules. Simply put, it is the key link for high-speed interconnection between GPU clusters in AI data centers.
As AI servers continue to pile up and data exchange between GPUs becomes more intensive, the demand for 800G and 1.6T optical modules grows stronger.
This is why Zhongji Innolight was able to achieve revenue of approximately 38.2 billion yuan and net profit attributable to the parent of about 10.8 billion yuan in 2025, with Q1 2026 single-quarter revenue close to 19.5 billion yuan and net profit attributable to the parent exceeding 5.7 billion yuan.
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The truly interesting part is:
Zhongji Innolight is currently advancing its H-share listing on the Hong Kong stock exchange.
This transforms it from an ordinary A-share AI hardware leader into a clear capital market event.
If the Hong Kong listing proceeds smoothly, it will not only face A-share investors but also global capital, Hong Kong stock market liquidity, and the international AI hardware pricing system.
And the entry point that OpenStock is targeting is precisely this "listing event window."
OpenStock's Zhongji Innolight vault does not let you directly hold Zhongji Innolight stock, nor does it simply create a stock token.
Instead, it is more like turning the Pre-IPO / IPO allocation access that previously belonged only to institutions, brokerages, and private equity channels into an on-chain vault.
Users deposit stablecoins and receive corresponding vault tokens.
After the underlying asset goes public, the vault settles according to the actual results. The Vault Token corresponds to a claim on the net returns of the vault, not direct ownership of the underlying stock itself.
So the key to this product is not "buying A-shares on-chain."
It is:
A real A-share AI hardware leader, an upcoming Hong Kong listing event, and a vault structure that brings participation opportunities in closed capital markets onto the chain.
This is also why I think OpenStock is worth studying.
The next stage of RWA may not just be putting already-listed stocks on the chain.
Rather, it is putting the most scarce thing in the real world onto the chain:
Access.
And this Access is something previously untouched: mainland Chinese stocks listing in Hong Kong.
@OpenstockInc