Core Insights - The future of token economy must be rooted in the real economy to truly release value [1] - The global Web3 native asset scale has exceeded $3.8 trillion, but most of it is still focused on speculative trading and value storage, lacking deep interaction with the real industry [1] - Ant Group has been exploring the token economy, particularly through RWA sandbox practices, aiming to leverage technology to enhance efficient circulation and value interconnection in the real economy [1] Group 1 - Asset tokenization and token payments are key growth engines in the Web3 space, acting as a bridge to integrate the crypto economy with the real economy [2] - The exploration of tokenization should balance value exploration and risk prevention, with compliance being essential for innovation [2] - Ant Group has clearly defined its boundaries from the beginning, refusing to issue virtual currencies or engage in speculation, focusing instead on technological infrastructure to serve rather than disrupt industries [2]