"The world's first RWA registration platform officially launched online in Hong Kong today."

The world's first RWA registration platform officially launched on August 7th, initiated by the Hong Kong Web3.0 Standardization Association, which will provide a comprehensive service system for dataization, securitization, and financialization of RWA asset tokenization. On the same day, three Web3.0 standards were established, including the "RWA Tokenization Business Guide", "RWA Tokenization Technical Specifications", and "Blockchain-based Stablecoin Cross-border Payment Technical Specifications". The Greater Bay Area RWA Incubator believes that Hong Kong, China is systematically constructing a virtual asset strategy of "regulation-innovation-taxation", which may promote the listing of more virtual asset ETFs and structured products, and promote the integration of traditional finance (such as funds, asset management) with virtual asset technologies (such as blockchain, tokenization). The on-chain liquidity of traditional assets will be significantly unleashed, empowering the real economy. Huatai stated that the stablecoin market is at a crucial turning point, transitioning from a niche tool mainly serving cryptocurrency trading to becoming an infrastructure layer increasingly integrated into global payment and financial systems. In the long term, the scale of stablecoins may be driven by three stages of demand: 1. Serving as essential "on-chain cash", benefiting from the growth of crypto assets; 2. Serving real-world financial applications as a new generation payment channel, reshaping the global landscape of cross-border payments; 3. Extending from the financial field to the entire ecosystem of decentralized applications such as social media, gaming, capturing value beyond financial applications.