Web3 Festival opens in Hong Kong, discussing how Blockchain reshapes the financial system

On April 6, 2025, the third Web3 Festival grandly opened at the Hong Kong Convention and Exhibition Centre. As one of the most influential events in the Web3 field in Asia, this event attracted over 300 global experts and more than 50,000 participants to discuss how decentralized technology is reshaping financial systems and asset forms.

At the main venue, company executive Kay delivered an impressive speech on the theme of "Building a New RWA Ecosystem." She pointed out that the global financial market is at a critical period of digital transformation, and the rise of RWA and on-chain finance has become the core driving force of this transformation. Kay also announced the strategic upgrade of the company, positioning it as the "Preferred Public Blockchain for Finance and RWA," and this strategic evolution will become an important milestone in the process of financial digital transformation.

Historic Opportunities in the Global Financial Digitalization Wave

Kay emphasized in her opening that traditional finance has evolved over thousands of years, from the initial barter system to the modern securitization system, and is now facing a value revolution brought by Blockchain technology. She stated: "The current global financial market size exceeds $400 trillion, while the cryptocurrency market is only about $1 trillion. This enormous gap is the historic opportunity for the tokenization of RWA assets."

According to research data, the market size of RWA tokenization is expected to exceed $16.1 trillion by 2030, with an exponential growth of over $10 billion achieved in 2024.

Behind this trend are the efficiency bottlenecks and inclusivity challenges that the traditional financial system urgently needs to address. Although RWA is widely regarded as the next trillion-dollar sector, the actual implementation of asset tokenization still faces multiple challenges. Kay uses a vivid metaphor to highlight the industry's pain points: "Most projects currently only focus on how to choose different technological solutions and design 'faster systems', but overlook the most critical issue—how to truly bring real assets onto the blockchain in a compliant and efficient manner."

For financial assets, on-chain solutions need to address technical and legal issues such as on-chain identity verification, compliance framework adaptation, and revenue rights segmentation; non-financial assets involve more complex property registration, cross-regional supervision, and value assessment systems. Kay emphasized: "RWA is not just simple data on-chain, but requires the reconstruction of a trust mechanism that coordinates on-chain and off-chain."

The Preferred Public Blockchain for Finance and RWA

In response to these challenges, Kay proposed the solution of "technology as the foundation, compliance as the bridge, and ecosystem as the flywheel." She pointed out: "As an Ethereum Layer 2 solution, we inherit Ethereum's decentralized security and widespread global consensus while improving transaction efficiency through higher performance, significantly reducing the operating costs for issuers." Currently, this solution can compress the cost of a single transaction to below $0.001, with a settlement time reduced to 0.01 seconds, sufficient to support large-scale deployment of institutional-level RWA. More importantly, through on-chain AML systems, multi-layered security certification, and the "lifeboat" emergency mechanism, it provides a foundational framework that meets regional regulatory requirements for various types of assets.

Kay revealed that they have been closely working with regulatory bodies such as the Hong Kong Securities and Futures Commission to refine compliance solutions over several years. A money market fund in US dollars deployed by an insurance company on the platform saw subscription scale reaching 100 million USD on its first day of operation; a fund company launched the world's first tokenized Money Market ETF and obtained approval from the Hong Kong Securities and Futures Commission for its on-chain issuance plan. These collaborations not only highlight the recognition of technology and ecological construction by regulatory entities and institutions but also provide strong backing for the tokenization of RWA assets.

From "On-chain Wall Street" to "Global Value Network"

Kay also announced a comprehensive upgrade of the company's brand. This upgrade is not just a visual refresh, but also marks a profound evolution in strategic thinking. In the past, the narrative of public chains often revolved around technical parameters; today, the focus is shifting towards the essence of value creation. Kay explained: "We are no longer just a public chain that processes transactions, but a value network connecting two financial worlds."

This upgrade is backed by a comprehensive empowerment of the company's ecosystem. As a Web3 institution in Asia with a complete licensing system, it can provide one-stop services for RWA projects, from asset issuance and liquidity support to cross-border settlement. Through a $50 million ecosystem incentive plan, it focuses on supporting RWA, MMF, PayFi, and stablecoin sectors; its on-chain ecosystem can combine traditional asset yields with on-chain liquidity incentives, significantly enhancing investor returns.

Market data confirms the effectiveness of this strategy: within just 4 months of launch, it has attracted nearly 1 million active addresses, completed 25 million zero-risk transactions, and deployed over 50 ecosystem projects. Collaboration with multiple leading protocols has further opened up the interoperability between on-chain assets and off-chain value.

Future Roadmap: Defining Global Standards for RWA

Kay has synchronously unveiled the "2025 Product Roadmap" - centered around the overall asset architecture of OnChain Finance, with AI-driven smart contracts as a breakthrough, integrating key modules such as RWA Bridge, MMF Stablecoin, and MMF Yield Hub, providing full-stack support for RWA in asset mapping, value stabilization, and management, expanding the application scenarios of RWA on the chain, and enhancing asset efficiency and liquidity.

This framework forms a deep synergy with the three core programs:

1. Asset underlying expansion: Build an RWA issuance platform, a stablecoin innovation center, and Bitcoin ecological applications to unlock on-chain value of trillions of dollars in real assets;
2. Financial Productization on Blockchain: Launching the MMF wealth management platform and MMF stablecoin in Q2; pioneering RWA Layer to achieve ecological empowerment in Q3; launching a fully functional on-chain financial platform in Q4 to realize the on-chain closed loop and sustainable development of OnChain Finance;
3. Global Standard Co-construction: Release the "Global RWA Practice White Paper", collaborate with regulatory agencies and partners to define the path for asset on-chain and the ecological closed loop after going on-chain, providing important guidance on compliance frameworks and business models for participants in the global RWA field.

Kay concluded: "Our ultimate goal is to become the central hub of traditional finance and Web3 innovation. This journey cannot be undertaken alone; we must collaborate with developers, institutions, and users. In this early stage of the industry, which is still full of possibilities, finding like-minded partners is the only way to reach the other side of the trillion-dollar market."

Conclusion: A Revolution of Trust and Efficiency

Kay's speech not only deeply explored the synergy between RWA and public chains but also returned to the essence of finance—whether it is the millennium evolution of traditional finance or the decade-long innovation of Web3, its core has always been to reduce trust costs and improve resource allocation efficiency. The explosion of RWA is precisely the key turning point of this revolution from virtual to reality.

As trillions of real assets flow onto the chain through blockchain technology, a more open, efficient, and inclusive global financial network is emerging. As Kay said, "We are not disrupting the traditional, but writing the next chapter of financial history."

The 2025 Hong Kong Web3 Festival not only gathers global wisdom and innovation but also showcases a brand new digital financial ecosystem for the industry. From the stability of traditional finance to the disruptive innovation of blockchain technology, industry leaders demonstrate a practical development path to the world with their technological advantages, secure and compliant system guarantees, the construction of a fully coordinated ecosystem, and clear development strategies.