During this week’s web 3 series of web3 events in Hong Kong, industry leaders highlight the tokenization of real assets (RWA) as a pivotal evolution of the Blockchain’s trip to traditional adoption.
“This is the ideal moment for our entire industry,” said Shuukye MA, Director of Plume Strategy, during an exclusive interview. “After last year’s disappointment with DEFI yields, users are looking for something new, and we have ready -to -say assets.”
Read more: the impact of real token of the world of the world (RWA)
Specially designed blockchains opening the way
A key trend emerging from discussions is the development of blockchains specially designed special for RWAs, rather than using existing general chains.
“All these public channels are not designed for RWA protocols,” said my. “This is why we build this RWA channel and put the composability of it on it to facilitate the adoption of crypto users.”
“Over the next 10 years, we will see many existing fungible assets to come on the chain – treasury bills, sovereign bonds, actions,” predicted Jayant Ramanand, co -founder of Mantra. “As these assets are in chain, you will have a mobile and fungible value that can be transferred around the world instantly.”
Regulatory challenges and opportunities
Industry professionals have identified regulatory as vital for a generalized adoption.
“In order to further unlock the potential of this technology and encourage traditional finances to adopt it, we have published circulars to provide advice,” said Elizabeth Wong, Fintech Director of the Hong Kong Securities and Future Commission. “We kept it as agnostic with the technology used, because each blockchain has their advantages and its limits.”
Vivian Mei, a lawyer specializing in the compliance of RWA, observed that global regulatory executives are becoming more and more aligned: “The overall regulatory landscape is evolving towards high convergence in terms of virtual asset definitions, KYC requirements and compliance standards.”
George Chou, leader of Hong Kong Monetary Authority, has highlighted their projection initiative: “We want to explore an innovative market infrastructure with industry to facilitate regulations using tokenized money and identify the cases of national and cross -border user uses with experts and pioneers of the industry.”
Bride traditional finance with Crypto
“It is not simply a question of offering offline assets on the channel. It provides a structural change in the way the real world and the virtual world connect,” said JJ of the CAP, whose platform has recently found a quantitative fund with approximately 100 million dollars.
While financial assets will lead an early adoption, Rachel Keum, CEO of Vaultx, offers a different approach with its Tokensizing platform The art assets using NFC technology: “Our mission is to revolutionize the property of RWA by empowering creators and collectors of digital Ilphiliété to unlock a new value in the digital economy.” She explained that Vaultx had already launched partnerships with galleries in Asia and Europe, creating a decentralized market for artists to receive secondary sales fees.
Consumer -oriented applications are also emerging. “The real distribution is never for institutional investors – it’s for people,” said Eudemoniac de Morph, whose black carte quickly gained popularity. “We are trying to put payment and consumption at the center, allowing people to spend their cryptographic assets in the real world while bringing new audiences in the ecosystem.”
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