Xiao Feng: Web3 will be more exciting in the next ten years

At the just concluded 10th Blockchain Global Summit, Dr. Xiao Feng, Chairman and CEO of HashKey Group, brought forward-looking insights. He believes that Web3 will enter the "1995 moment" of the Internet starting in 2024. The so-called "1995 moment" of the Internet is a watershed in the development of the Internet industry. Before 1995, it was the stage of Internet infrastructure construction, and after 1995, the application represented by large Internet platforms ushered in a big explosion.

The same is true for the blockchain industry. Before 2024, Web3 was in the construction stage of infrastructure such as blockchain technology, distributed ledgers, token economy, and smart contracts, and then entered the large-scale application stage. The next decade is the real blockchain, and Web3 is more exciting and explosive.

In the financial field, in the next ten years, Web3 will build a new financial market system that is different from today. In the future, there will be two financial market systems in the world, one is the traditional financial market system based on bank accounts; the other is the encrypted financial market system based on encrypted accounts and tokens.

In Dr. Xiao Feng's closing speech "Redefining Tokens in the AGI Era", he further elaborated on the redefinition of tokens in the era of artificial intelligence and its impact on the future economy.

With the rapid development of science and technology, tokens have transformed from simple trading tools to an important link between the real economy and the digital world.

He attributed the token revolution to the "three cognitive revolutions" in human history, emphasized the key role of language, writing and computer code in the development of human society, and predicted that tokens will become the core of the future digital economy. Tokens are not only the product of technological progress, but also an important tool to promote global economic integration and digital transformation.

Dr. Xiao Feng's speech not only depicted the upcoming golden decade of Web3, but also foreshadowed the coexistence of two financial market systems in the future: traditional finance and token-based crypto finance. This transformation has provided unprecedented opportunities for HashKey Group, which began to get involved in the crypto asset industry six years ago.

Currently, HashKey Group has built an ecological map and a full industrial chain in Hong Kong, Singapore, Japan, Bermuda and other places within a regulatory framework with high compliance standards. In particular, in Hong Kong, members of HashKey Group have obtained all the SFC licenses required to provide virtual asset-related services in Hong Kong according to their respective business needs, becoming a licensed virtual asset unicorn in Hong Kong. It can provide comprehensive virtual asset trading, investment consulting, virtual asset fund products and other services for institutional clients, professional investors and retail users.

The road to compliance not only requires huge economic investment, but also bears very large opportunity costs and temptations, but HashKey Group has persisted all the way to now, which is enough to prove the company's determination and perseverance in building the industry's Web3 compliance infrastructure. After 6 years of persistence, HashKey Group has also provided a good answer for compliance.

Among them, HashKey Exchange, as the largest licensed virtual asset exchange in Hong Kong, has currently ranked among the top 10 exchanges in the world.

In addition to the world's leading virtual asset trading services, HashKey Group has been laying out the primary market since last year.

HashKey Tokenisation, its tokenization service agency, has successfully become a bridge connecting the real economy, supporting innovative technology and facilitating the construction of financial markets by cooperating with HashKey Cloud, a leading provider of Web3 infrastructure, to tokenize high-quality assets, create liquidity for Web2 and Web3 projects at all stages, and provide unique assets for compliant exchanges. Currently, HashKey Tokenisation has participated in the Ensemble project of the Hong Kong Monetary Authority to help promote the development of Hong Kong's tokenization market.

As the technical support of HashKey Group, HashKey Cloud is committed to providing professional, stable and secure blockchain services to global customers. Its node verification services cover more than 80 major public chains.

In addition, HashKey Capital, one of HashKey's most influential businesses, also made some "moves" this year and invested in more than 45 new projects. Further consolidated its leading position in the field of blockchain and digital assets.

In addition, HashKey Capital was awarded the SME500 Award in Singapore in recognition of its operational excellence and innovation in the field of digital assets. HashKey OTC is officially authorized by the Monetary Authority of Singapore as a major payment institution to provide customers with regulated digital payment token (DPT) trading services. As a pioneer in financial innovation, HashKey has also successfully launched HashKey Bitcoin and Ethereum spot ETFs on the Hong Kong Stock Exchange, and innovatively launched the world's first "hold" redemption mechanism.

Since the beginning of this year, HashKey Group has accurately grasped industry opportunities and rapidly expanded its Web3 native business. HSK has cooperated with more than 60 top communities and issued airdrops to 7.2 million active high-quality community users in the first phase. Official airdrop channel, click to get the mini-game "Big Golden Dog", and the current number of game users has reached 7.5 million.

It is worth noting that HashKey Group disclosed that it will open its L2 public chain HashKey Chain for public testing in the fourth quarter, and the main network is expected to be launched within the year.

HashKey Chain will become the most important carrier for integrating all the ecological values ​​of HashKey. HashKey Chain will provide a reliable on-chain ecosystem for traditional financial institutions and high-quality project parties by creating a compliant and innovative environment, and provide full-ecological Web3 services for global users.

At present, HashKey Chain plans to build a financial infrastructure linking Web2 and Web3 and a full-stack Web3 solution based on tracks such as BTCFi, Stablecoin, RWA, and DePIN. This not only reflects the unique competitive advantage of HashKey Chain, but also reflects the mission and determination of HashKey Group as an industry pioneer.

Facing the explosive decade ahead, with the establishment of a new financial market system and the renewal of the traditional financial system, HashKey Group will continue to use blockchain technology to build an open encrypted financial infrastructure, continuously promote the integration and progress of Web3 and traditional financial markets, and provide reliable virtual asset services to one billion users around the world, making virtual assets within reach.