The world's first RWA registration platform was officially launched on August 7th, initiated by the Hong Kong Web3.0 Standardization Association, which will connect the entire process service system of RWA asset tokenization, including digitization, assetization, and financialization. On the same day, three standards for Web3.0 were approved, including the "RWA tokenization business guide", "RWA tokenization technical specifications", and "blockchain based stablecoin cross-border payment technical specifications".
 

The RWA incubator in the Greater Bay Area believes that Hong Kong, China is systematically constructing a virtual asset strategy of "regulation innovation taxation", or promoting the listing of more virtual asset ETFs and structured products, and promoting the combination of traditional finance (such as funds and asset management) and virtual asset technology (such as blockchain and tokenization). The on chain liquidity of traditional assets will be significantly released, empowering the real economy.
 

Huatai Securities stated that the stablecoin market is at a critical turning point, evolving from a niche tool primarily serving cryptocurrency trading to an infrastructure layer increasingly integrated into the global payment and financial system. In the long run, the scale of stablecoins may be driven by three-stage demand: 1. As an indispensable "on chain cash", it may benefit from the growth of cryptocurrency asset scale; 2. Serve real-world financial applications as a new generation payment track, or reshape the global landscape of cross-border payments; 3. Extend from the financial field to the entire ecosystem of decentralized applications such as social networking and gaming, capturing value beyond financial applications.