Jingwei Tiandi, a Hong Kong-listed company, announced its foray into encrypted payments, leading to an 18% surge in its share price on Tuesday. The company unveiled Fopay, its first mobile application in the financial technology sector, on July 21, 2025. Fopay is designed as a one-stop payment platform based on stablecoin encrypted payments, offering stablecoin custody and prepaid card payment services through licensed partners. This development follows the acquisition of Jingwei Tiandi by investor Qian Fenglei earlier this year, which also boosted the company's stock value.