Group 1 - The World Gold Council has proposed a plan to launch a physical gold-backed digital token in London, aiming to transform the trading, settlement, and collateralization of gold, injecting new vitality into the $930 billion global physical gold trading center [2][3] - The exploration of tokenized assets is seen as the largest experiment in Real-world Assets (RWA) tokenization to date, sparking discussions on the collision between tradition and innovation [2][3] - The Hong Kong government has released a policy statement encouraging RWA development, aiming to establish Hong Kong as a digital asset hub, with several licensed institutions already exploring tokenized products [3][12] Group 2 - The global RWA market has seen significant growth, increasing from $5 million in 2022 to $25.5 billion by July 2025, indicating a fivefold increase in three years [8] - The current focus of tokenization remains on financial assets, but the true mission should be to support real industries rather than merely enhancing financial assets [4][5] - Regulatory frameworks are being established globally to ensure compliance and safety in the tokenization of assets, with various regions adopting different approaches to manage risks associated with digital assets [11][12] Group 3 - The development of tokenized assets is driven by the continuous pursuit of transaction efficiency, which is essential for economic growth [7][8] - The introduction of AI-driven smart contracts, termed "Agentic Contracts," represents a technological evolution that could enhance the efficiency and compliance of tokenized asset management [5][6] - The long-term vision for the token economy emphasizes the need for a balance between innovation and risk management, ensuring that the industry can sustain growth while maintaining stability [14][15]

Core Viewpoint - The World Gold Council's proposal to launch a physical gold-backed digital token in London aims to revolutionize the trading, settlement, and collateralization of gold, injecting new vitality into the $930 billion global physical gold trading center, marking a significant experiment in the tokenization of real-world assets (RWA) [3][4]. Group 1: Token Economy Exploration - The year 2025 is anticipated to be a pivotal point for the token economy, with the U.S. government supporting tokenization innovation and regulatory bodies like the SEC and CFTC gradually establishing a leadership stance in this field [4]. - The Hong Kong government has released the "Digital Asset Development Policy Statement 2.0," encouraging RWA development and aiming to create a clearer regulatory framework for tokenized assets, positioning Hong Kong as a digital asset hub [4]. - Current tokenization efforts are primarily focused on financial assets, but the true mission should be to support real industries rather than merely enhancing financial assets [6][11]. Group 2: Regulatory and Compliance Considerations - The exploration of the token economy must define compliance boundaries, as the industry is still in its early stages, particularly regarding the tokenization of physical assets [5][6]. - Regulatory bodies globally maintain a cautious stance towards "crypto assets," emphasizing the need for compliance and the establishment of clear rules to balance innovation with risk management [13][15]. - The importance of a regulatory framework that encourages the tokenization of real assets while ensuring financial stability and investor protection is highlighted [17][18]. Group 3: Future Outlook and Technological Advancements - The introduction of "Agentic Contracts" by Ant Group, which incorporates AI to enhance smart contracts, represents a significant technological advancement that could facilitate efficient and compliant handling of tokenized assets [7][8]. - The global RWA market has seen rapid growth, increasing from $500 million in 2022 to $25.5 billion by mid-2025, indicating a strong demand for tokenized assets [11]. - The transformation of the global digital asset market is expected to create new applications for the internationalization of the Renminbi and contribute to a diversified global monetary and financial system [16].

商报讯（记者 张玲丽 吕文鹃）昨天上午，以"重塑创新增长"为主题的2025 Inclusion·外滩大会在上海黄 浦世博园区开幕，来自16个国家和地区的550位嘉宾参会分享，包括新晋图灵奖得主理查德·萨顿 （Richard Sutton），阿里云创始人、之江实验室主任王坚，"人类简史系列"作者尤瓦尔·赫拉利（Yuval Noah Harari），宇树科技创始人兼首席执行官王兴兴等全球顶尖学者、产业界人士、青年创业者和科学 家，共同探索智能时代的创新路径与商业未来。 今年大会内容呈现国际化、多元化特色，聚焦"金融科技""人工智能与产业""创新创投生态""全球对话 与合作""负责任创新与普惠未来"五大内容主线，设置了1场开幕主论坛、44场见解论坛、科技展览和系 列科创活动。作为年度备受瞩目的金融科技盛会，外滩大会以其开放、多元、前瞻性吸引全球目光，被 誉为"亚洲三大金融科技盛会"之一。 图灵奖得主理查德·萨顿外滩大会分享 人工智能进入"经验时代" ，潜力远超以往 在昨天上午的开幕主论坛上，2024年图灵奖得主、"强化学习之父"理查德·萨顿（Richard Sutto n）发表 主旨演讲，他认为，人类数据红利正逼近 ...