Liang Hanjing, Global President of Financial Services, Technology and Sustainable Development of Invest Hong Kong: The application scenarios of tokenization of the real economy are expected to generate US$400 billion in business opportunities

The Fintech Wealth Summit, jointly organized by New Fire Asset Management and ChainUp Investment, opened at the Ritz-Carlton Hotel in Hong Kong. Mr. Liang Hanjing, Global President of Financial Services, Technology and Sustainable Development of Invest Hong Kong, delivered an opening speech on site, sharing the new market trends and technologies that he is currently paying attention to. Liang Hanjing said in his speech that the development of the Web3 industry has mainly had the following three cutting-edge trends: First, the virtual asset management business. Currently, many traditional institutions and those "old money" are very optimistic about this track, and Hong Kong is at the forefront of the world in this field, both in terms of policy support and product design. Therefore, it can be seen that many foreign traditional financial institutions have been very eager to cooperate with Asian institutions in the past period of time. For example, in Bitcoin and Ethereum spot ETF product investment, they are very eager to sell these compliant ETF products to high-net-worth customers in Europe through the packaging of traditional financial institutions. Secondly, Liang Hanjing believes that the tokenization of the real economy is the second most promising direction for the development of the Web3 industry. Some leading financial institutions such as RWA (real world assets) and STO (security token issuance) are rapidly entering this field, such as Fidelity, HSBC, and JP Morgan. This field is estimated to generate $400 billion in business opportunities. The third potential direction shared by Liang Hanjing is digital currency payment and stablecoins.