On April 7, 2025, a grand gathering of Web3 industry elites - "LEAP NIGHT 2025 - Conflux Digital Finance Night" has come to a successful conclusion during the Hong Kong Web3 Festival 2025. The event was jointly presented by Conflux Network and PANews, co-organized by dForce and PANONY, and ecological partners included Ant Group, AnchorX, Swappi, Meson, BitUnion, ABC Pool, Polyflow, PHX Pool, BlockBooster, SHUI, etc.
The event attracted Web3 industry leaders, entrepreneurs, investors, developers and international media representatives from around the world to discuss cutting-edge topics such as real world assets (RWA), regulatory technology, Layer1 public chain ecology and artificial intelligence.
(Moderator: Renee, Co-Founder of PeopleEarth)
Conflux's three major strategic directions: RWA, stablecoin and payment
As the organizer of the event, Conflux co-founder Zhang Yuanjie, from the perspective of a blockchain infrastructure builder, elaborated in detail on the three major development directions that Conflux is currently focusing on.
Zhang Yuanjie pointed out that RWA has always been the focus of the industry, but after asset tokenization, it often faces the problem of insufficient liquidity and cannot fully play its financing function. In response to this pain point, Conflux cooperated with Ant Technology to carry out the green electric two-wheeled vehicle battery replacement project, planning to put an asset package of about 3 million US dollars on the chain for refinancing. "We hope that after the success of the project, we can expand to more RWA targets. Whether it is new assets or larger asset packages, we can use the liquidity of the blockchain and encryption industry to solve investment problems for the real economy in Hong Kong and mainland China." Zhang Yuanjie said.
As the world's largest importer and exporter, China has a significant gap with the United States in the field of digital currency. Zhang Yuanjie mentioned that the current issuance of US dollar stablecoins has reached 220 billion US dollars, while the issuance of Hong Kong dollars and offshore RMB is still zero, which means there are huge market opportunities. Conflux is committed to becoming the infrastructure track of RMB stablecoins, creating an ecosystem for the issuance, distribution and application scenarios of stablecoins. At present, they are negotiating cooperation with the world's largest stablecoin issuer, and have jointly incubated an offshore RMB project with Hony Capital, which has obtained a license in Kazakhstan.
In response to the difficulties faced by industry practitioners in daily payments, Conflux has cooperated with payment networks such as UnionPay and VISA to help users apply crypto assets to daily life payments. "In addition to payment, we also plan to provide financial services, similar to the Yu'ebao model of Alipay." Zhang Yuanjie explained, "The income of these financial products comes partly from the inherent income of the blockchain, and partly from the underlying assets of traditional industries, such as the battery replacement project of Micro Electric mentioned above, which may also be expanded to photovoltaics, real estate loans and other fields in the future."
dForce’s DeFi Innovation Exploration
In addition, dForce founder Yang Mindao shared his industry observations and company strategies since he entered the circle in 2013. As an early DeFi project, dForce initially focused on lending protocols, and later expanded to areas such as stablecoins and transactions, covering almost all DeFi tracks.
Yang Mindao particularly emphasized the importance of RWA asset on-chain and liquidity provision. "In the past few cycles, the crypto market has been dominated by native assets such as Bitcoin and Ethereum, but the sources of income for these assets are relatively limited. Putting a large number of physical assets on-chain can not only provide a more sustainable source of income for the entire crypto ecosystem, but also attract and retain non-cryptocurrency users." He predicted that the RWA asset class and application field will become one of the largest segments in the next 3-5 years. dForce has previously cooperated with many institutions to promote the tokenization of U.S. debt and provide lending services to help U.S. debt holders obtain additional income.
Yang Mindao pointed out that there are many points of convergence and commonalities between AI and cryptocurrency. "Although AI is still in its early stages in the cryptocurrency world, we have seen the emergence of applications such as AI frameworks and AI launchpads." dForce is focusing on exploring the combination of AI and DeFi, using AI agents to help DeFi increase returns, manage risks, and automate strategies. "If AI can be combined with DeFi, the most complete infrastructure in the cryptocurrency world, there will be huge application potential in terms of revenue improvement and automation."
Regarding the current market situation, Yang Mindao believes that the market does not truly reflect the fundamentals of the cryptocurrency industry. "After Trump took office, there was a lot of good news in the entire cryptocurrency industry, and there is a lot of room for upward movement. The current market adjustment is more likely to be affected by macroeconomic factors, especially since the tariff policy has just been introduced. It may take several weeks to a month to gradually stabilize."
He observed that in this cycle, the correlation between cryptocurrency assets and the macroeconomy is much higher than in previous cycles, partly because the issuance of ETFs has opened up liquidity channels between traditional finance and the crypto market.
Regarding the timing of investment, Yang Mindao suggested at the event that investors may need to wait a little longer until the Trump administration's policies become clearer. "There is a lot of controversy within the cabinet over the entire tariff policy, so it's best to wait a little longer."
In addition, many industry professionals and well-known institutions on site discussed the application prospects of blockchain technology in financial innovation, real economy empowerment, cross-border payments and other fields. With the implementation of these innovative concepts, blockchain technology will open up more possibilities for future economic development.
