On the afternoon of April 5, 2025, the "Tokenizing the Future: RWA's Path to Mainstream Adoption" themed side event, co-organized by Avalanche and Starbase and co-organized by Google Cloud, WebEye, and SNZ Holding, was successfully concluded during the Hong Kong Web3 Carnival. The event focused on the innovative opportunities, challenges, and development paths of RWA, and attracted nearly 800 registered participants, including more than 200 industry experts, investment institution representatives, project parties, and Web3 enthusiasts who gathered at the scene for in-depth exchanges and cooperation discussions.
During the event, practitioners and builders from industry-leading institutions and projects such as InvestHK Fintech, HashKey Tokenization, Morph, Merlin Chain, Pharos, Gelato, DFG, thePAC, Navi Protocol, Advertising Time Trace and R2 shared their insights and experiences on topics such as asset tokenization, market innovation, Hong Kong and global compliance challenges, and ecosystem construction.
Keynote Speeches
InvestHK Fintech
InvestHK Fintech is an important department of InvestHK, focusing on promoting Hong Kong to become a leader in the global financial technology field and strengthening its position as a strategic hub connecting Asia and the global market. As the head of Web3 and vice president of the department, Pauline Fan focused on the unique advantages of Hong Kong as the world's third largest financial center and its strategic layout in promoting the development of Web3 and digital assets.
She pointed out that Hong Kong is accelerating the integration of traditional finance and digital assets through policy support (such as new virtual asset OTC and custody regulations, stablecoin bill), infrastructure improvement (such as Cyberport blockchain support platform, tokenized interbank settlement) and ecosystem construction (10 licensed VATP, RWA project support). Pauline emphasized that in the future, Hong Kong will focus on opportunities such as compliant virtual asset transactions, innovation in the asset management industry on the new asset side, and RWA sustainable infrastructure financing to help institutional investors optimize their portfolios through digital assets. InvestHK will continue to promote Hong Kong to become a global hub for Web3 innovation and compliance development.
Avalanche
Avalanche is a future-oriented, high-performance blockchain platform designed for builders who pursue scalability and efficiency. Avalanche uses its innovative multi-chain architecture and L1 technology to provide customized, compliant and efficient solutions for the integration of traditional finance and Web3. Justin, head of Ava Labs Asia, introduced Avalanche's technical advantages, ecological construction and implementation results in the field of RWA and asset tokenization.
He specifically mentioned that Avalanche has significant performance advantages with its instant final confirmation and flexible multi-chain Layer 1 architecture, and is fully capable of supporting institutional-level financial application scenarios. At the same time, the platform also has built-in compliance functions such as KYC real-name authentication and geo-fencing, which provide good adaptability and compliance guarantees for landing applications under different regulatory environments. In terms of actual adoption, Avalanche has made significant progress in areas such as asset management, banking system integration and payment networks. For example, it has cooperated with top financial institutions such as BlackRock, Franklin Templeton, and KKR to launch tokenized funds; JPMorgan Chase built the Onyx cross-chain settlement channel based on AvaCloud; SMBC is developing a compliant stablecoin system; and it has built a cross-border payment network with StraitsX, Grab, and Ant International.
Looking ahead, Avalanche will continue to strengthen infrastructure construction, deepen the integration of traditional assets and blockchain technology, and help accelerate the digital transformation of the global financial system.
Starbase
Starbase is a global accelerator focusing on the Web3.0 field, dedicated to helping project parties solve the three core needs of application scenarios, capital assets and user growth through platform services. The core team has been deeply involved in the industry for 7 years and has established a cooperative network with more than 300 institutions in more than 20 countries and regions around the world, covering infrastructure, public chain ecology, industry funds and developer communities.
Founder Vivian has been paying attention to and deeply cultivating the RWA track for a long time. In her speech, she shared her insights on the development trend of this field and believed that RWA is a key bridge for the integration of Web3 and traditional finance, and the market size is expected to reach 6.8 trillion US dollars in 2030. At present, Starbase has assisted many traditional financial institutions in exploring asset on-chain paths. Starbase will continue to leverage its practical experience, compliance advantages and resource integration capabilities to help more high-quality assets achieve on-chain and release value.
WebEye
WebEye is a Google Cloud certified Premier Partner and Managed Service Provider (MSP) that is enabling enterprises to thrive in the Web3 era. Tod, WebEye's Web3 and AI Industry Manager, showcased the company's comprehensive global technical services and proven solutions. WebEye provides a global, high-performance, and secure infrastructure for Web3 applications, and leverages artificial intelligence and big data to unlock valuable user insights and optimize operations. Through in-depth collaboration with Google Cloud's Web3 dedicated support program, WebEye has a unique advantage to help enterprises achieve seamless cloud migration and seize the opportunities brought by Web3.
Panel
Panel 1 ——RWA Synergies: Tokenization, Market Integration & the Evolving Ecosystem
This panel invited four guests: Vino from HashKey Tokenization, EudemoniaCC, head of Morph Asia Pacific, JJ, growth partner of thePAC, and Vivian Mei, deputy director of AI Mall Ecosystem Law.
An in-depth discussion was conducted around the development status, market integration path and ecological evolution of RWA. The guests analyzed the core value of asset tokenization, current compliance challenges, and the possibility of market implementation from multiple perspectives such as financial institutions, infrastructure, ecological organizations and emerging application scenarios. At the same time, they also shared their practical experience in policy adaptation, cross-chain collaboration, user education, etc., and looked forward to the future application prospects and ecological integration trends of RWA in the global financial and consumer markets.
Panel 2 - RWA Yield Revolution: Connecting TradFi & DeFi
This panel was hosted by DFG & Jsquare CMO Angela, and guests included Pharos CSO & CMO Laura, Merlin Chain Partnership Director Jonathan, Gelato Asia Pacific BD Director Christophe, Navi Protocol BD Director Carl, and R2 CBDO Enzzo. The guests discussed the innovation and sustainability of RWA income, the market status of related income products, and discussed the core innovations and differences between RWA and traditional finance and DeFi models (such as LSD, Restaking). As infrastructure builders, Pharos, Merlin and Gelato introduced their differentiated solutions in terms of technical architecture, liquidity support and compliance adaptation; while Navi Protocol and R2 shared how to create a sustainable RWA income system through DeFi.
Through keynote speeches and roundtable discussions, this RWA event explored in depth the unlimited potential of RWA in terms of technological innovation, compliance development, and ecological integration. With the entry of traditional giants such as BlackRock and JPMorgan Chase, and the gradual implementation of scenarios such as cross-border payments and tokenized funds, RWA is accelerating towards mainstreamization. In the future, driven by the continuous improvement of the regulatory framework and the continuous innovation of technology, RWA is expected to become the core bridge connecting traditional finance and the blockchain ecosystem, opening up a new blue ocean of trillion-dollar scale.
Thank you to all the speakers and partners for their strong support for this event.
