On April 6, 2025, the third Web3 Festival, co-organized by Wanxiang Blockchain Lab and HashKey Group, opened at the Hong Kong Convention and Exhibition Center. As one of the most influential events in the Web3 field in Asia, the Web3 Festival attracted more than 300 global experts and more than 50,000 participants to discuss how decentralized technology can reshape the financial system and asset forms.
At the main venue of this event, Kay, CEO of HashKey Eco Labs, gave a wonderful keynote speech entitled "HashKey Chain: Bridge Tradition and Innnovation, Reshape the NEW RWA Ecosystem". She pointed out that the global financial market is at a critical juncture of digital transformation, and the rise of RWA and Onchain Finance is becoming the core driving force of this transformation. While revealing this historical trend, Kay officially announced the brand strategy upgrade of HashKey Chain, positioning it as the "preferred public chain for finance and RWA". This value evolution is destined to become an important coordinate in the digital transformation process of financial history.
A historic opportunity under the wave of global financial digitalization
Kay pointed out in his opening remarks that traditional finance has evolved over thousands of years, from barter to modern securitization systems, and is now facing a value revolution brought about by blockchain technology. Kay said, "The current global financial market size exceeds $400 trillion, while the cryptocurrency market is only about $1 trillion. The gap in between is a historic opportunity for RWA asset tokenization."
According to Chainlink's research data, the RWA tokenization market size is expected to exceed US$16.1 trillion in 2030, and has achieved exponential growth of over US$10 billion in 2024.
Behind this trend are the efficiency bottlenecks and inclusive challenges that the traditional financial system urgently needs to solve. Although RWA is generally regarded as the next trillion-dollar track, the actual implementation of asset chain still faces multiple challenges. Kay used a metaphor of "how to put an elephant in a refrigerator" to sharply point out the pain points of the industry: "Most current projects only focus on how to choose refrigerators of different brands (choose ecology) and design "faster refrigerators" (underlying technology), but ignore the most critical issue - how to truly put the elephant (real assets) on the chain in a compliant and efficient manner."
For financial assets, the chain needs to solve technical and legal issues such as on-chain identity authentication, compliance framework adaptation, and revenue rights division; non-financial assets involve more complex property registration, cross-regional supervision and value assessment systems. Kay said: "RWA is not a simple data chain, but requires the reconstruction of a trust mechanism that is coordinated on and off the chain."
HashKey Chain strategic positioning: building the preferred public chain for finance and RWA
In this regard, HashKey Chain gave its own answer - "technology as the foundation, compliance as the bridge, and ecology as the flywheel". Kay pointed out: "As an Ethereum Layer 2 solution, HashKey Chain can improve transaction efficiency through higher performance and greatly reduce the operating costs of issuers while inheriting the decentralized security and broad global consensus of Ethereum." At present, HashKey Chain can reduce the cost of a single transaction to less than $0.001 and the settlement time to 0.01 seconds, which is enough to support the large-scale deployment of institutional-level RWA. More importantly, through the on-chain AML system, multi-layer security authentication and "lifeboat" emergency mechanism, HashKey Chain provides an underlying framework for various assets that meets regional regulatory requirements.
"We have worked closely with the Hong Kong Securities Regulatory Commission and other regulatory agencies, and spent several years polishing compliance solutions." Kay mentioned that the US dollar money market fund deployed by China Pacific Insurance on HashKey Chain had a subscription scale of US$100 million on the first day of operation; Bosera Fund launched the world's first tokenized Money Market ETF and obtained the approval of the Hong Kong Securities Regulatory Commission for the issuance of it on the HashKey Chain. These collaborations not only demonstrate the recognition of regulatory bodies and institutions for HashKey Chain technology and ecological construction, but also provide strong endorsement for the tokenization of RWA assets."
HashKey Chain's brand upgrade: from "Wall Street on the chain" to "Global Value Network"
While revealing the progress of the ecosystem, Kay also announced the overall brand upgrade of HashKey Chain. This brand upgrade is not only a visual refresh, but also marks the deep evolution of HashKey Chain's strategic thinking. In the past, the narrative of public chains often revolved around technical parameters; now, HashKey Chain is turning its focus to the essence of value creation. "We are no longer just a public chain that processes transactions, but a value network that connects two financial worlds," Kay explained.
Behind this upgrade is the comprehensive empowerment of the HashKey Group ecosystem. As the only Web3 institution in Asia with exchange, custody, asset management and compliance licenses, HashKey can provide one-stop services for the RWA project from asset issuance, liquidity support to cross-border settlement. Starting from the all-round incentives of HashKey Chain itself, through the $50 million "Atlas Grant Ecological Incentive Program", HashKey Chain focuses on supporting RWA, MMF, PayFi and stablecoin tracks; its on-chain ecology can superimpose traditional asset returns with on-chain liquidity incentives, significantly improving investor returns.
Market data confirms the effectiveness of this strategy: in just four months since its launch, HashKey Chain has attracted nearly 1 million active addresses, completed 25 million risk-free transactions, and deployed more than 50 ecological projects. Cooperation with leading protocols such as Chainlink Oracle and Orbiter Cross-Chain Bridge has further opened up the interoperability between on-chain assets and off-chain value.
Future roadmap: Defining global standards for RWA
Looking ahead to 2025, Kay also unveiled the "2025 HashKey Chain Product Roadmap" in his speech. With OnChain Finance's overall asset architecture as the core and AI MCP Framework-driven smart contracts as a breakthrough, it integrates key modules such as RWA Bridge, MMF Stablecoin, and MMF Yield Hub to provide RWA with full-stack support for asset mapping, value stabilization, and management, expand the application scenarios of RWA on the chain, and improve asset efficiency and liquidity.
This framework forms a deep synergy with the three core plans of HashKey Chain:
- Asset underlying expansion: Build an RWA issuance platform, a stablecoin innovation center and Bitcoin ecological applications to release the on-chain value of trillion-dollar real assets;
- On-chain financial productization: MMF financial management platform and MMF stablecoin will be launched in Q2; RWA Layer will be created in Q3 to realize ecological empowerment; a full-featured on-chain financial platform will be launched in Q4 to realize the on-chain closed loop and sustainable development of OnChain Finance;
- Co-construction of global standards: Release the "Global RWA Practice White Paper", work with regulators and partners to define the path for asset on-chain and the ecological closed loop after on-chain, and provide important guidance on compliance frameworks and business models for global RWA participants.
“Our ultimate goal is to become the hub of traditional finance and Web3 innovation,” Kay concluded. “We cannot walk this path alone. Only by building together with developers, institutions and users, and finding like-minded partners in the early stages of the industry, when it is still full of possibilities, can we reach the other side of the trillion-dollar market.”
Conclusion: A revolution about trust and efficiency
Kay's speech was not only an in-depth discussion on the synergy between RWA and public chains, but also a return to the essence of finance - whether it is the millennium evolution of traditional finance or the ten-year innovation of Web3, the core is always to reduce the cost of trust and improve the efficiency of resource allocation. The outbreak of RWA is the key turning point of this revolution from virtual to reality.
When trillions of real assets flow into the chain through the HashKey Chain "bridge", a more open, efficient and inclusive global financial network is emerging. Perhaps as Kay said: "We are not subverting tradition, but writing the next chapter of financial history."
The 2025 Hong Kong Web3 Festival not only brings together global wisdom and innovation, but also presents a brand new digital financial ecosystem to the industry. From the stability of traditional finance to the disruptive innovation of blockchain technology, HashKey Chain, with its leading technological advantages, secure and compliant system assurance, full-business collaborative ecosystem construction, and clear development strategy, has shown the world a practical development path.
About HashKey Chain
HashKey Chain is the preferred public chain for financial institutions and RWA assets to be put on the chain, and is committed to promoting the compliance and scale development of Onchain Finance. As a compliance-friendly blockchain infrastructure, HashKey Chain provides institutions with a secure and transparent on-chain environment.
With a secure and reliable technical architecture, HashKey Chain inherits the decentralized security of Ethereum, and improves transaction efficiency through high-performance optimization, ensuring the stability and traceability of assets on the chain. In addition, HashKey Chain adopts a high-performance, low-cost solution, providing extremely low gas fees and high throughput, enabling MMF, bonds, funds, stablecoins and other financial assets to circulate efficiently, reducing the operating costs of institutions on the blockchain.
HashKey Chain is working closely with the world's leading financial institutions and compliant Web3 projects to provide optimal solutions for application scenarios such as institutional-level DeFi, RWA tokenization, and stablecoin settlement, accelerating the digitalization and intelligent upgrading of the financial system.
