Xiao Feng, Chairman and CEO of HashKey Group: There are five major channels for the blockchain industry to achieve interconnection and interoperability in 2025

At the 2024 Hong Kong SmartCon conference held by Chainlink, Xiao Feng, Chairman and CEO of HashKey Group, delivered a speech on the theme of "On-chain and On-chain", predicting that in 2025 (the blockchain industry) will achieve interconnection through five major channels, namely stablecoins (estimated transaction volume of 6 trillion US dollars), ETFs (off-chain securitization of crypto assets), RWA (on-chain tokenization of traditional assets), STO (on-chain Web3 business tokenization), and licensed institutions (on-chain deposit, loan and exchange transactions). "On-chain" is mainly achieved through three methods: Web2 (data on-chain), DePIN (equipment on-chain), and DeFi (asset on-chain). The ultimate goal of on-chain is tokenization. DLT has two layers of value, namely tools (business model unchanged, improving marginal effects) and mechanisms (innovative business models, creating new assets).