#RWA资产代币化 Hong Kong's recent moves are worth paying attention to. The stablecoin regulations have been approved, the regulatory sandbox has been implemented, and RWA exploration is accelerating — it seems that the policy environment has already laid a solid foundation.

The key point is that RWA tokenization has never lacked enthusiasm, but very few projects have actually been implemented. Hong Kong's advantage lies in its combination of a traditional financial infrastructure and a tolerant environment for Web3 innovation — a combination not found everywhere. Combining Web3 with various industries and making bold attempts essentially means finding an outlet for real assets to be on-chain — real estate, bonds, art, and even supply chain data, all of which theoretically have room for imagination.

However, there's a crucial point: a friendly policy environment does not equal clear investment opportunities. Currently, the RWA track is still in the experimental stage, with high price volatility, concerns over liquidity, and unclear regulatory details. If you want to follow along, my advice is to focus on teams with a genuine traditional financial background that have established a presence in Hong Kong, rather than projects that are simply riding the RWA hype. Those with a high risk appetite can participate with small amounts, while conservative investors should wait until the track matures further before jumping in.

Experience will tell, and the story in Hong Kong is still in its early days. It’s worth observing but not necessary to go all-in right now.