Core Insights - The conference focused on the trend of tokenization of Real World Assets (RWA) and explored the issuance paths, operational practices, and global development opportunities for RWA funds in Hong Kong [1][2] - Hong Kong is positioning itself as a global hub for RWA asset issuance and operation due to its robust financial infrastructure and open regulatory environment [1] Group 1: Industry Trends - RWA has become a crucial link between the real economy and the digital economy, facilitated by the deep integration of blockchain technology with traditional finance [1] - The global on-chain asset scale is projected to reach $269.42 billion by July 2025, with stablecoins accounting for over 90% of this figure [2] - Non-standardized asset tokenization, such as real estate, has seen significant growth, doubling in scale within six months [2] Group 2: Challenges and Solutions - Traditional financing models for small and medium-sized enterprises (SMEs) face challenges such as complex asset rights confirmation, low transaction efficiency, and high barriers for global investor participation [1] - RWA can enhance liquidity, reduce transaction costs, and eliminate geographical barriers, allowing global capital to efficiently connect with quality SME assets [1] Group 3: Regulatory and Operational Framework - The Hong Kong SME Association aims to collaborate with regulatory bodies and market participants to establish RWA-related standards and provide compliance guidance, technical support, and resource matching services [2] - The legal framework for RWA funds in Hong Kong emphasizes the principle of "same business, same risk, same rules" to ensure compliance [2] Group 4: Market Potential - Institutional investors recognize the advantages of the Hong Kong RWA market, including clear regulations, robust infrastructure, and capital aggregation, indicating significant future growth potential [3]