Techub News reports that Hong Kong Legislative Council member Chen Yong wrote that Real World Assets (RWA) are an inevitable product of the global economic transformation and upgrading. By utilizing blockchain technology to convert valuable real-world assets into tradable digital certificates (tokens) on the chain, a digital bridge between physical assets and global capital is built. This promotes the transition of hundreds of trillions of yuan in existing assets from static accumulation to dynamic circulation, becoming a new driver for financial services to better support the real economy. Chen Yong emphasized that Hong Kong is leveraging its unique institutional advantages and regulatory environment to position itself at the core track of global RWA development. By balancing compliance and innovation, Hong Kong aims to become a benchmark market for global RWA development.
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Techub News reports that Hong Kong Legislative Council member Chen Yong wrote that Real World Assets (RWA) are an inevitable product of the global economic transformation and upgrading. By utilizing blockchain technology to convert valuable real-world assets into tradable digital certificates (tokens) on the chain, a digital bridge between physical assets and global capital is built. This promotes the transition of hundreds of trillions of yuan in existing assets from static accumulation to dynamic circulation, becoming a new driver for financial services to better support the real economy. Chen Yong emphasized that Hong Kong is leveraging its unique institutional advantages and regulatory environment to position itself at the core track of global RWA development. By balancing compliance and innovation, Hong Kong aims to become a benchmark market for global RWA development.