On June 26 , the Hong Kong SAR Government issued the "Hong Kong Digital Asset Development Policy Declaration 2.0 ", which once again made clear that the SAR government is committed to building Hong Kong into a global innovation center in the field of digital assets, and proposed the "LEAP" four major strategic frameworks , including optimizing laws and regulations, expanding the types of tokenized products, and promoting application scenarios and cross-sector cooperation .
As an international fintech hub, Hong Kong is becoming a key source of inspiration for RWA to move from concept to large-scale compliant implementation.
Just one day before the announcement ( June 25 ), the world's first international summit focusing on " digitalization of real-world assets ( RWA ) " - WCS 2025 RWA Industry Conference and the first anniversary celebration of the RWA Institute was held in the Citi Lecture Hall of the Hong Kong University of Science and Technology, the top university in Asia and the most beautiful campus in the world . The guest lineup of this conference is top-notch, including heavyweights from top international companies, well-known universities, research institutions, investment circles and legal compliance frontiers, who came together to discuss the breakthrough development and future path of the RWA (real-world assets) field.
The conference was very popular, the venue was packed all day, and thousands of people participated in the event offline. The conference not only built a high-end platform for global communication and cooperation, but also drew a clear roadmap for RWA technology innovation, compliance development and deep integration of the industry through intensive thought output and substantive signing, which effectively promoted the construction of a bridge between Web3 and traditional economic value and opened a new chapter in the digitalization of global assets.
WCS 2025 RWA Industry Conference and the 1st Anniversary Celebration of RWA Research Institute are hosted by RWA Research Institute, Guanhuo, Metaverse and Artificial Intelligence 30-person Forum , and co-hosted by Digital Finance Laboratory of Hong Kong University of Science and Technology, Center for Applied Economic, Social and Environmental Research of Hong Kong University of Science and Technology, China Association for Promoting International Economic and Technical Cooperation, Global Cross-border E-commerce Association, Dacheng Web3 Research Center, Sanpin City Development, Japan International Business School, Zero One Think Tank, Web3 TOP , News3 , Huoxun Finance, and Persistence Enterprise Club, and co-organized by China Overseas Development Association of Industry, GBA Capital , Hainan Huatie, Xihai Industry, Guoying Holdings, Guoying Chuangyuan, etc. Strategic partners include Shulian Zongheng, PicWe , Block Valley , and DN.com .
The grand event kicks off: the forefront of wisdom
In his opening speech, Fok Chun-yu , director of the Fok Ying-Tong Group, member of the Guangzhou CPPCC, and honorary chairman of the RWA Research Institute, emphasized that Hong Kong shoulders the important mission of promoting the compliance of RWA . He pointed out that it is necessary to rely on the opportunities of coordinated development of the Guangdong-Hong Kong-Macao Greater Bay Area to promote technological innovation and inject reliable, efficient and transparent digital momentum into the real economy.
Dr. George Lam, former Chairman of the Board of Directors of Hong Kong Cyberport, Bronze Bauhinia Star, Justice of the Peace, then pointed out that Hong Kong has top professional services, a bilingual common law system of over 180 years and a free port policy, as well as a complete talent policy, stablecoin regulatory laws and regulations, a sandbox mechanism and capital market support. Hong Kong will upgrade from a global asset management center to a digital asset management hub, and promote the industry with a pragmatic and efficient attitude.
Wang Yang, Vice President of the Hong Kong University of Science and Technology, pointed out in his speech video that Hong Kong is at a turning point in the development of Web3. The digital currency declaration, RWA sandbox and stable currency policy have demonstrated great determination. As China's bridgehead in the field of Web3 , Hong Kong will surely play a leading role.
A feast for ideas: insights and practice
The keynote speech session was full of climaxes. Wang Shanliang, Vice Chairman of Dacheng China Board of Directors, Director of Dacheng Web3 Research Center, and Dean of the Legal Compliance Institute of RWA Research Institute, stated in his keynote speech "Legal Compliance is an Accelerator for the Healthy Development of the RWA Ecosystem" that with compliance as the foundation and technology as the wing, RWA makes assets borderless and value boundless. RWA 's compliance framework is composed of domestic legal token recognition, international regulatory coordination, stablecoin issuance and transaction legitimacy, on-chain asset transparency, off-chain asset confirmation, AML+CRF+KYC multi-dimensional combination, and compliance also has the value of building trust, attracting more participants; reducing risks, accelerating project implementation; optimizing processes, accelerating innovation; and promoting global collaborative development.
Zhao Yongchao, Director of Data Asset Department and Vice President of Research Institute of Shanghai Data Exchange, pointed out in his keynote speech titled "Real Data Assets ( RDA ) : Real Data, Golden Assets": China's data marketization and value creation are in an accelerated stage, and real data assets ( RDA ) will become a bridge to stimulate the value of data elements and connect global capital. He said that foreign RWA is characterized by the tokenization of financial assets, while domestic RWA is mainly anchored to physical assets, but on-chain, warrants, and value creation are the common core characteristics of real-world assets.
Li Qi , professor of the Department of Applied Economics at the Guanghua School of Management of Peking University, formerly vice president of the Guanghua School of Management of Peking University , director of the EMBA Project Center, president of the Shanghai Branch, and president of the Shenzhen Branch, emphasized in his keynote speech on "Global Changes and China's Development": China's development is leading the world's changes, and its unparalleled growth space has created a strong foundation for RWA physical assets.
Long Dian , the initiator of RWA Research Institute, founder of Huoxun Finance, and initiator of Web3TOP, published a new book "Real Assets on the Chain : RWA Industry Roadmap", which stated that RWA is an inevitable trend in the development of Web3 , marking the transition of blockchain technology from the " first half " of pure virtual assets to the " second half " of integration with the real economy . With the gradual improvement of technical infrastructure, laws and regulations, and market scale, RWA has now ushered in a period of explosive growth. In the future, RWA will build a digital economic system that realizes frictionless exchange of global assets and is more fair and transparent.
In the roundtable forum " RWA 's integration opportunities and practical paths in the real economy", Xu Yuanzhong, initiator of the Metaverse and Artificial Intelligence Forum of 30 and dean of the Metaverse Institute of RWA Research Institute, said that RWA has three major advantages: " time - a period of transformation in the evolution of civilization; location - Hong Kong, a cultural intersection; people - young people in their prime. "
Hu Danfeng, general manager of Hainan Huatie, said: "The integration of RWA and entities must start with the easiest assets to realize. Such assets should be " online and chain " and " online on chain " . " Online and chain " means that the asset information data is online and on the chain, and " online on chain " means that the process of asset value generation must be completed online and on the chain. If the asset is on the chain and on the chain at the hardware level, it can guarantee the reliable traceability and secure storage of data from the source, which is the best chain model. In actual operations, it takes a long time to accumulate online and online chains (especially hardware-level chains). Hainan Huatie has been promoting the online chain of assets since 2021 , and has accumulated nearly 26 billion yuan of online hardware-level chain assets, which has a solid foundation for RWA . "
Gao Lili, a master of finance from Peking University, a chartered financial analyst, founder of the Enterprise Club, and chairman of Hardcore Nut Capital, believes that the consumer goods industry, especially the liquor industry, is a track with great potential for RWA (real world asset)ization. Because liquor is a natural fit as a heavy asset, its characteristics of increasing value over time (vintage wine) are limited in circulation in physical wine cellars. If it is digitized on the chain according to year and category, it can achieve global barrier-free circulation and maximize value.
Peng Cheng , founder of Wansheng Huatai Technology Co., Ltd. and EcoPlants Founder, said that digital assets are forming a closed-loop ecosystem of " real assets - digital assets - value cycle " by reshaping cultural consensus, linking virtual and real values, and creating incremental value, especially in the field of culture and tourism, which has the potential to drive consumption and employment.
Ray , founder of Qufu Consulting, pointed out that specific assets such as real estate, computing power, and artworks guaranteed by Chinese listed companies or state-owned enterprises can be gradually formed into a closed-loop ecosystem of " industry stablecoin + RWA" by establishing RWA (real world asset) issuance and trading platforms in segmented fields in Hong Kong. This is the current feasible direction.
Milestone Moment: Ecosystem Co-construction
The conference held a series of important signing and release ceremonies. First, Ms. Wang Xin, Executive Chairman of the Global Cross-border E-commerce Association, Global Digital Trade Strategist and Industry Ecosystem Architect, K100 Project Initiator, and Director of the K100 Executive Committee , delivered a speech. She said that the ultimate proposition of cross-border e-commerce is not " selling goods " but " how to make the world trust you " . Through RWA , stablecoins and blockchain technology, the cross-border trade trust system can be reconstructed, and the monopoly of centralized platforms can be broken with a transparent and efficient on-chain clearing mechanism, enabling small and medium-sized businesses to master data sovereignty and promote the evolution of global digital trade towards a fair and inclusive community ecology.
The launch ceremony of the RWA Institute's Listed Company Committee (Preparatory Committee) was held at the conference . Long Dian said that this ceremony is an important move by the RWA Institute in the RWA compliance layout of listed companies . At present, the listed company preparatory committee has attracted a number of important listed companies, and guests and audiences from dozens of listed companies have also come to attend this conference. In the future, the RWA Institute will hold a special ceremony to officially launch the listed company committee.
Under the strategic guidance of the country's "accelerating the development of new quality productivity" and "promoting the deep integration of the digital economy and the real economy", the world's leading equipment operation service platform - Zhejiang Haikong Nanke Huatie Digital Technology Co., Ltd. (referred to as " Hainan Huatie " ) and the RWA Research Institute held a strategic cooperation signing ceremony. In the future, the two parties will focus on the three core directions of asset chain value reassessment, industry standard formulation, and global circulation practice , jointly promote RWA (real world assets) technological innovation and industrial integration, and lead the digital transformation of the real economy.
RWA Research Institute and Japan International Business School held a strategic cooperation signing ceremony.
RWA Research Institute and Sichuan Digital Chain held a strategic cooperation signing ceremony.
Ms. Mi Si, the inheritor of the intangible cultural heritage of paper-cutting, presented Mr. Huo Zhenyu, Honorary Chairman of the RWA Research Institute, with the theme work " Cutting to Prove the Future , Art to Inspire RWA" .
RWA Research Institute also held a grand awarding ceremony at the conference, with Mr. Huo Zhenyu, Honorary Chairman of RWA Research Institute, awarding plaques to the following guests:
Li Jingnan was hired as the initiator of RWA Research Institute and the dean of Brand IP Institute
Zhu Yici was appointed as the Dean of the Brand IP Institute of RWA Research Institute
Zhao Yidan was appointed as the deputy director of the Brand IP Institute of RWA Research Institute
Shi Xingguo was appointed as the Director of the Technical Safety Committee of RWA Research Institute
Zheng Wenbin ( MJ ) Director of the Technical Safety Committee of RWA Research Institute
Xu Yuanzhong was appointed as the Dean of RWA Research Institute Metaverse
Yu Chiyu was appointed as the deputy director of the Legal and Compliance Institute of RWA Research Institute
Sui Yuan was appointed as a partner of RWA Research Institute 
Smart start of a new journey, empowering the industry
The afternoon session is themed " Intelligently starting a new journey and empowering industries " , focusing on innovation in subdivided fields.
Mr. Xu Yuanzhong , initiator of the Metaverse and Artificial Intelligence Forum of 30 and dean of the Metaverse Institute of RWA Research Institute, pointed out that humans are currently moving from the real universe to the parallel universe stage of the metaverse mixture. The core mission of RWA is to map real assets to the digital universe. This process will create a trillion-dollar development space. He emphasized that Hong Kong, as a global financial center where Eastern and Western civilizations meet, is an excellent place to promote a new round of technological revolution in RWA . Finally, citing the spirit of " Just like schoolmates when we were young " , he called on young people born in the 1980s, 1990s and 2000s around the world to seize the opportunity of the integration of AI and RWA and jointly devote themselves to this technological and industrial revolution. He also called on all sectors to work together to promote the integration of RWA and industry.
Shi Bohan, the founder of RWA Research Institute and co-founder of Web3TOP , expressed his emotion that the vision of RWA Research Institute when it was founded last year has been fully realized. He emphasized that the team has always taken " flying close to the ground " as its motto: it is necessary to have the great ideal of " shaking the world " and the pragmatic spirit of " flying close to the ground " , to overcome challenges in technology, security, law and other aspects, and to transform the vision into a landing project. He said that the concept of today's conference will surely bring practical results that change the world on the first anniversary, and ultimately realize the mission of " making RWA connected with everyone and putting everything on the chain " .
Mr. Zhu Yici, the director of the Brand IP Institute of RWA Research Institute , an investor, and a well-known video blogger, pointed out that the world is currently at a critical point in the transformation of asset digitization, and the essence of RWA is the reconstruction of value relations. He emphasized that brand IP , as a key hub connecting traditional assets and the crypto world, will drive RWA from financial experiments to the mainstream economy in the next five years . Finally, he called for "IP as a boat and compliance as an oar " to jointly build the Noah's Ark of the digitalization of physical assets.
Li Jingnan, initiator of the RWA Research Institute and dean of the Brand IP Institute, vice president of the China Blockchain Ecological Alliance, and vice chairman of the World Canal City Canal Walk Action Organizing Committee, delivered a keynote speech entitled "Making Brands Asset-Based and Empowering a New Landscape". She humorously introduced herself as the " first woman in brand RWA " . In her opinion, the next ten years will be the era of brand RWA . The general trend of global brands is that RWA can make the strong stronger and the " new " stronger quickly . She called on companies to seize the track " one step early is one step, one step late is ten steps late. " Stock tokens, NFTs , cross-border collaborations, various ways of playing with brand RWA in line with Chinese characteristics , and the RWA path of regional domestic brands in different countries around the world are becoming clearer and clearer, and more new ways and means of brand RWA will be born in the future.
Liang Dong, CEO of Zero Knowledge (Beijing) Digital Technology Co., Ltd. , said in his keynote speech "Pick the Stars with Your Hands - RWA Asteroid Mining" that RWA is a bridge of value between the silicon-based world and the real world. It will allocate the resources of the entire society more efficiently and improve the efficiency of social operation. RWA can provide a new community-based organizational form. RWA can make the entire business project more transparent. RWA can break the boundaries between investors, operators, regulators, and consumers. RWA provides a new dynamic development mechanism for the project. RWA can make the mining of asteroid minerals a space business project with the most participants in the world.
Picwe technical consultant Beihai quoted economist John Hicks's quote in his speech , " Every industrial revolution must be accompanied by a financial revolution " , and proposed that it is necessary to combine the real yield characteristics of RWA to establish an exclusive issuance, distribution and trading system for RWA . He emphasized that the core of compliance lies in the rationality of the source of profit. By taking the example of US Treasury RWA products, he demonstrated that the on-chain smart contract technology with 24- hour instant settlement and zero-cost cross-border transactions is a future evolution direction of traditional finance. In response to the current dilemma of " easy to issue but difficult to sell " commonly encountered by the 188 RWA projects , he pointed out that the crux lies in replacing the past " blockchain reform " thinking (the asset chain mode of putting old wine in new bottles) with a new " blockchain +" path, and further pointed out that the current RWA breakthrough " three combinations " : First, combine compliance supervision and smart contract standardization to quickly complete the chain of excellent assets. Second, combine the borderless circulation of digital assets with licensed entities in Hong Kong, so that the role of the regional " bridgehead " is gradually magnified. Third, combine the " visible hand " with the " invisible hand " to allow Chinese assets to " stay in China and flow through the world " .
VoidChain CTO Arseny D. emphasized in his keynote speech "From RWA to Web3 ": " The blockchain trilemma and cross-chain security are fatal obstacles to the implementation of web3 . Capacity bottlenecks and extremely low efficiency are major obstacles to serving the real economy. The vacuum network and infinite metaspace have pointed out the direction for the development of the next generation of blockchain technology . " 
Jiang Guan, founding partner of Qianhai Kunrun, said in his keynote speech on "Promoting the Development of Digital Finance with Digital Scene Technology": " The new international financial order calls for Hong Kong to take the lead in digital finance. Digital scene technology, digital economic development and digital-real integration finance are the solid foundation for Hong Kong to lead this round of global digital financial consensus. " 
Clash of Ideas: Roundtable Discussion
At the second roundtable forum " RWA On-chain Financial New Infrastructure: Opportunities, Challenges and Future Development Directions", Bai Haifeng, author of the world's first RWA research monograph : " RWA and Tokenization" and director of the Asset Committee of the Hong Kong RWA Working Group, expressed his views: " If RWA is likened to a treasure in the digital age, then compliance is the key to unlocking the treasure. " He called for the formulation of a special regulatory framework for RWA (such as the "Token Law"), criticized the lag of the current " same risk, same regulation " principle (analogous to " using carriage laws to regulate cars " ), and emphasized that only innovative legislation can end the chaos of " pirates and good guys are difficult to distinguish " in the industry , and promote RWA to reshape the reputation of Web3 in compliance and achieve healthy development.
Shi Xingguo , founder of Paralism parallel chain, member of CCF blockchain committee, vice president of China Embedded Software Association, and former chief engineer of Internet Laboratory of Chinese Academy of Sciences, has been all in Web3 industry for ten years. He is known as the " technical sweeper of Web3 industry " . He described the current status of the industry as follows: " The preachers are all there, but the pirates are gone. " He believes that the conditions for RWA to explode are ripe, and brand-driven RWA will be the first to break through - its core value is not only financing, but also empowering the real economy through blockchain technology, building long-term brand influence and user ecology, and compliance is the basic prerequisite for achieving this goal.
MINAX investor and Taiyi Group Chairman Deng Di believes: "2025 is the first year of large-scale application of Web3 . In the next ten years, WEB3 will change the face of all industries as profoundly as the Internet. "
Liu Yaokun, CEO and founder of Talasia Biotech , Independent Director of Japan’s Solasia Biotech, Independent Director of Metz Medical , and former Non-Executive Chairman of the Board of Directors of Indian pharmaceutical company Gland Pharma , believes that: “RWA empowers the healthcare industry, promotes the development of individualized health, and catalyzes the future! ”
Bo Liang, CEO of Zero One Think Tank, believes: “ In the next 3-5 years: the world’s high-quality, highly liquid assets will basically be tokenized; RWA will become a mainstream way of corporate asset management. ”
The roundtable moderator, Zhao Yidan, initiator of the RWA Research Institute, co-founder of Web3TOP , and co-founder of Huoxun Finance, predicted: Stablecoins will usher in a thousand-coin war, and RWA will enable thousands of industries to flourish.
In the roundtable forum 3 " The Collision of RWA and Financial Fi : The Future of Innovation and Integration", Starlabs Consulting CEO Jenny Yang said : "RWA is no longer just a narrative, it is having a substantial impact in the real world. As the infrastructure improves and applications accelerate, it will release more possibilities. This is an area that innovators cannot ignore. "
Mr. Yang Mindao, founder of dForce, believes: "The essence of RWA is the upgrade of the ledger system of financial infrastructure. Its core driving force lies in the allocation demand of a large number of non-yielding stablecoins (such as 250 billion US dollars) on the chain for high-yield assets; in the long run, RWA will reconstruct the attributes of financial instruments (such as stocks from income certificates to programmable rights certificates), and achieve a fundamental innovation in capital structure, far exceeding the value of simple financing. "
Mr. Yu Chen, chief consultant of Kun and member of the thirty-person forum board of directors, believes: " There are huge opportunities in leveraging Web3 's infrastructure and technology to empower traditional Web2 scenarios. "
James, founder and partner of DogeOS and managing partner of GC Capital, believes: “ Now is the golden time to deploy RWA . As we speak, the global RWA infrastructure is accelerating. The allocation mechanism and community co-construction are the key to achieving sustainable growth and success of RWA . RWA will become the next growth engine of DeFi . ”
Eliora , Chief Strategy Officer of PicWe, International Brand Architect, Co-founder of Block Valley Ventures, Former PR Director of Huobi Indonesia (2018) , Growth Catalyst, Brand Growth Strategy Consultant, Eco-weaver , believes: “RWA injects on-chain finance into the traditional world, and reshapes the flow of global asset value under the catalysis of Web3 ’s on-chain infrastructure and community influence. ”
Dai Yue, founder and CEO of DN.com Limited , said: "2025 is the first year for large-scale application of WEB3 . In the next ten years, WEB3 will profoundly change the face of all industries like the Internet. "
Roundtable Forum 4 focused on " Opportunities and Compliance Challenges of RWA Tokenization".
The roundtable moderator, Yu Chiyu, partner of Dacheng Law Firm and secretary-general of Dacheng Web3 Research Center, said: “ The compliance of the RWA project is not only about dynamic supervision on and off the chain, but also the art of cross-jurisdictional legal coordination. ”
Wu Junjie, head of PROFIT HILL Family Office under Singapore ich Group, called for: " Follow the light, meet the light, get close to the light; chase the light, become the light, and radiate the light. Let's go to the starry sea of RWA together. "
Zhao Kefeng, president and professor of the Asia branch of Paris Tech Business School, and executive academic chairman of the Shenzhen Artificial Intelligence Industry Association, said: " Through RWA , it may be possible to achieve that every RMB in foreign countries can be penetrated into physical assets, which will greatly enhance the attractiveness of the RMB. "
Liang Yanda, director of YTL Law Firm in Hong Kong , believes: " Hong Kong's mission is to compile the essence of the century-old common law into smart contracts, allowing Victoria Harbour to connect real assets with the digital future. "
Chen Haodong, partner of Dacheng Law Firm and director of Guangzhou Blockchain Industry Association, believes: “ Compliance in mainland asset issuance needs to focus on title confirmation, blockchain, cross-border data, and credit risk. ”
Zheng Wenbin , former CTO and CST of 360 Group, founder and CEO of CyberKunlun Technology, specially appointed expert of China National Vulnerability Database, and one of the first ten outstanding talents of national network security, said: " Protecting RWA real-world assets in the Web3 field is not something that can be solved by ordinary ' audit patching ' . Only the world's top offensive and defensive capabilities and foresight can make ' hacker's law ' stay in the laboratory. "
At the end of the conference, a supernode award ceremony was held to commend the media, institutions, communities, volunteers, etc. who contributed to the conference. Thanks to the following supernodes for their strong support: METAERA , TECHUB NEWS , Foresight News , PANews , Golden Finance, Chain Catcher, Starlabs Consuliting , Aisky , Yishuli, Mankiw, Shenzhen Blockchain Technology Application Association, SHENZHENDAO , Chafang Blockchain, Wangclub , BroadChain , 1783DAO , Binance Square, RWA Group , MarsBit , Planet Daily, B.news , ChainDD, Ctalks , World Chain Finance, Gyro Finance, Diandian Finance, etc. 
If 2025 is the " Genesis Block " of the RWA industry , then the venue of this conference, the Hong Kong University of Science and Technology, is the starting point for recording this change. When we leave the Clear Water Bay in Sai Kung, Hong Kong, we take away not only the agenda in the conference brochure, but also a mission - to make RWA a " value bridge " connecting the real and digital worlds , and to let compliance innovation and technology inclusion illuminate the next decade of the global economy.
