HashKey Tokenisation Partner Andy Lee: The core issue of RWA has shifted from "Can it be done" to "For whom is it done".

Techub News reported that the “Hong Kong Fintech Summit and New Fire Technology Product Launch Conference,” jointly organized by the Hong Kong-listed company New Fire Technology (1611.HK), Avenir Group, and Techub News, has kicked off at the Grand Hyatt Hotel in Hong Kong.

HashKey Tokenisation partner Andy Lee pointed out in the roundtable discussion “Tokenizing Real Assets: How RWA Reshapes the Boundaries of Traditional Finance and Digital Wealth” that the world is currently facing a critical window for the development of tokenization. From a compliance perspective, Hong Kong has intensively launched policies to support tokenization businesses in the past 6-8 months, and regulatory agencies in the Asia-Pacific and Europe and the U.S. have also shown a proactive and open attitude, with many countries promoting the implementation of asset tokenization through legislation. On the technical side, the selection of assets is becoming increasingly diverse, covering areas such as funds, equity digitization, high-yield products, and physical assets.

However, he emphasized that the core issue facing the industry has shifted from “can it be done” to “for whom is it done”—even with regulatory support and mature products, it is still necessary to clarify the target investor group and profit model. Andy specifically pointed out that RWA is not a panacea; if one only focuses on financing or exiting, it will be difficult to sustain. He suggested that practitioners should return to fundamental thinking: what is the core goal of issuing assets? What is the long-term operational plan after asset issuance? These are the keys to promoting the healthy development of the industry.