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From the 1997 financial crisis to the 2008 tsunami, Hong Kong has witnessed intense fluctuations in the secondary markets of finance and real estate.
Then, with the impact of the 2021 pandemic, this city has developed the wisdom and confidence to calmly face crises through its historical storms.
Currently, the rise of the Web3 sector aligns perfectly with Hong Kong's critical transition point.
However, in the face of the current situation where 10% of people hold the wealth in the Web3 market, Hong Kong has chosen a broader path by focusing on the RWA sector.
Most people mistakenly believe that RWA is just an extension of virtual currencies, but that is not the case.
RWA is a bridge connecting the real world and the digital world. It brings physical economic assets like banks and securities into the global wave of decentralization.
This is not only a technological integration but also a key battle for Hong Kong to break through the Western virtual currency monopoly and lead the digital transformation of real-world finance.
#RWA