On November 1, the Fintech Wealth Summit, co-organized by New Fire Asset Management and ChainUp Investment, was grandly opened at the Ritz-Carlton Hotel in Hong Kong. Mr. David Leung, Global President of Financial Services, Technology and Sustainability at Invest Hong Kong, delivered an opening speech on site, sharing the new trends and technologies at the forefront of the market that he is currently paying attention to.
Liang Hanjing said in his speech that the development of the Web3 industry has mainly had the following three cutting-edge trends: First, the virtual asset management business. Currently, many traditional institutions and those "old money" are very optimistic about this track, and Hong Kong is at the forefront of the world in terms of policy support and product design in this field. Therefore, it can be seen that in the past period of time, many traditional foreign financial institutions are very eager to cooperate with Asian institutions. For example, in investing in Bitcoin and Ethereum spot ETF products, they are very eager to sell these compliant ETF products to high-net-worth clients in Europe through the packaging of traditional financial institutions.
Secondly, Liang Hanjing believes that the tokenization of the real economy is the second largest potential direction for the development of the Web3 industry. Some leading financial institutions such as RWA (real world assets) and STO (security token issuance) are rapidly entering this field, such as Fidelity, HSBC, and JP Morgan. This field is estimated to generate business opportunities of 400 billion US dollars. The third potential direction shared by Liang Hanjing is digital currency payment and stablecoin.
