In this week’s series Web3 Events In Hong Kong, industry leaders highlight real-world assets (RWAs) Tokenization As a pivotal evolution of the blockchain journey to mainstream adoption.
“This is the best time for our entire industry,” Shukyee MA said. Ploom is currently undergoing an exclusive interview. “After last year’s disappointment defi Yield, users are looking for something new, and we are preparing tokenized assets. ”
read more: The impact of real world assets (RWA) tokenization
A dedicated blockchain that leads the way
An important trend that emerged from the discussion is not using existing general purpose chains, but developing dedicated blockchains specifically designed for RWA.
“All of these public chains are not built for the RWA protocol,” MA explained. “So we’re building this RWA chain and putting Defi Composability on top of it, making it easier for crypto users to adopt.”
“We will see existing, alternative assets appearing in the chain over the next decade. Mantra. “As these assets appear in the chain, they are soluble and mobility worthy of instant transfer across the world.”
Regulatory challenges and opportunities
Industry experts have identified regulatory certainty as essential for widespread adoption.
“We have issued a circular to provide guidance to further unlock this technology potential and encourage it to adopt traditional funds,” said Elizabeth Wong, director of FinTech. Hong Kong’s Securities and Futures Commission. “We argued that each blockchain has its advantages and limitations, so the technology used is agnostic.”
Vivian Mei, a lawyer specializing in RWA compliance, observed that global regulatory frameworks are increasingly aligned.
George Chow, Chief Fintech Officer Hong Kong’s Monetary Bureau highlighted the Project Ensemble Initiative. “We want to explore innovative market infrastructures in our industry and identify domestic and cross-border use cases that have an impact with key experts and industry pioneers to promote settlements using tokenized money.”
Filling traditional funds with code
“It’s not just bringing offline assets on-chain, it offers a structural change in how the real world and the virtual world connect,” said PAC’s JJ.
While financial assets lead early adoption, VaultX CEO Rachel Keum offers a different approach to the platform that represents ART assets using NFC technology. She explained that Vaultx has already launched a partnership with Asian and European galleries, creating a decentralized market for artists to receive ongoing royalties from secondary sales.
Consumer-centric applications are also appearing. “The actual distribution never happens to institutional investors. It’s for the people,” said Morph’s Eudemoniacc, whose black cards quickly gained popularity. “We’re trying to put payments and consumption into the centre. People can spend crypto assets in the real world, taking new audiences into the ecosystem.”
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