Scan to download
BTC $77,667.83 -0.07%
ETH $2,318.07 +0.43%
BNB $637.66 +0.47%
XRP $1.44 +0.41%
SOL $86.43 +0.96%
TRX $0.3235 -1.43%
DOGE $0.0987 +1.71%
ADA $0.2518 +1.37%
BCH $455.42 -0.24%
LINK $9.43 +1.50%
HYPE $41.18 +0.43%
AAVE $94.84 +1.30%
SUI $0.9518 +0.98%
XLM $0.1738 -0.55%
ZEC $357.88 +4.52%
BTC $77,667.83 -0.07%
ETH $2,318.07 +0.43%
BNB $637.66 +0.47%
XRP $1.44 +0.41%
SOL $86.43 +0.96%
TRX $0.3235 -1.43%
DOGE $0.0987 +1.71%
ADA $0.2518 +1.37%
BCH $455.42 -0.24%
LINK $9.43 +1.50%
HYPE $41.18 +0.43%
AAVE $94.84 +1.30%
SUI $0.9518 +0.98%
XLM $0.1738 -0.55%
ZEC $357.88 +4.52%

order

first_img HK Web3 Feastival Roundtable: From "Asset Registration" to "On-chain Issuance", Bridging the Last Mile of RWA Cross-border Compliance

ChainCatcher reported live that Tang Bo, Assistant Dean of the Financial Research Institute at the Hong Kong University of Science and Technology, Fei Si, Partner at King & Wood Mallesons, Diao Zhi Hai, Head of International Wealth Management at China International Capital Corporation, and Gavin Wang, Managing Partner and Chief Investment Officer of SNZ Holding & SNZ Capital, jointly attended the HK Web3 Feastival roundtable discussion, sharing insights on "from asset registration" to "on-chain issuance," bridging the last mile of RWA cross-border compliance.Fei Si pointed out that the so-called "from asset registration to on-chain issuance" essentially establishes a replicable, sustainable, and legally compliant channel for "domestic assets, overseas issuance." He believes that the most critical aspect at this stage is to first establish a solid transaction structure and top-level product design, clarifying whether the product is classified as equity or debt, as this will directly determine the corresponding regulatory authorities, communication methods, and subsequent legal document arrangements.Diao Zhi Hai approached the issue from the practical perspective of traditional financial institutions, stating that the biggest challenge currently is not a single isolated pain point, but how to systematically connect multiple compliance nodes to form a truly implementable closed-loop mechanism. He indicated that RWA cross-border projects involve not only financial regulation but also data cross-border, cybersecurity, foreign exchange management, and other departmental collaborations. Therefore, it is essential to examine whether the underlying assets can be clearly defined and mapped on-chain, who qualifies as the issuer and controlling entity, and whether the non-financial regulatory requirements throughout the process have been incorporated into the plan.Gavin Wang entered the discussion from the investment and market demand perspective, emphasizing that the global trend of asset tokenization is certain, and that high-quality Chinese assets are still significantly undervalued overseas. This means that as long as the cross-border compliance path is opened, market demand genuinely exists. He believes that investment institutions are most concerned with whether the entire project has clear compliance boundaries and marketability: red lines cannot be crossed, and gray areas must be approached with caution. What is truly worth investing in are those asset types with clearer regulatory expectations that investors can more easily understand and accept. In the long term, he is optimistic about two types of Chinese cross-border RWA targets: one type is large, high-quality Chinese assets that are easily understood by overseas investors, and the other type includes high-end manufacturing, robotics, AI, and pharmaceutical pipelines that are still undervalued overseas but possess global competitiveness.

first_img HK Web3 Feastival Roundtable: The Present and Future of Cross-Border Payments and Asset Digitization

ChainCatcher reported live that KGA Managing Partner Kevin M. Goldstein, Binance Co-CEO Richard Teng, Stable CEO Brian Mehler, JPMorgan Asia Pacific (Payments) Fintech Industry Head Akhil Devmurari, and Bitstamp by Robinhood President Leonard Hoh jointly attended the 2026 Hong Kong Web3 Carnival roundtable discussion, focusing on "The Present and Future of Cross-Border Payments and Asset Digitization."Richard Teng pointed out that the existing financial infrastructure is extremely outdated, with bank transfers taking two to three days and high fees, while cross-border remittance rates can be as high as 11%. In contrast, stablecoin transfers are instant and cost very little. He revealed that with the passage of the U.S. Genius Act, stablecoin transaction volume has increased by over 70% year-on-year, surpassing Visa's transaction volume, and its market capitalization has grown by over 50% year-on-year. He also mentioned that Binance started trading precious metals in January this year, and within three months, its trading volume has exceeded that of many traditional commodity exchanges. Additionally, it has launched products such as petrochemical products, stock tokens, and Pre-IPO offerings, aiming to create a multi-jurisdictional, multi-asset trading platform serving over 310 million users. Regarding AI, he believes that stablecoins will become the native currency of AI, with the payment ecosystem for intelligent agents built around blockchain and AI.Akhil Devmurari pointed out from JPMorgan's perspective that the Asia-Pacific region has a population of 4.8 billion and over 90% fintech adoption rate, with cross-border payments being the biggest pain point. Digital currencies present a significant opportunity as an alternative payment track. He stated that JPMorgan's payment platform processes $12 trillion daily, focusing on tokenized deposits and tokenized assets, and applying blockchain technology to fund flows to reduce friction. He emphasized that the current market capitalization of digital currencies accounts for only about 1% of total payment volume, with 99% still in fiat currency, indicating huge growth potential, but compliance is a key link in ecological development. He defined the relationship between traditional finance and crypto as "co-opetition," stating that banks need to collaborate with the industry to drive ecological growth.Leonard Hoh stated that Bitstamp, as an exchange and infrastructure provider, has observed that trading and payment counterparties are adopting a "stablecoin-first" strategy, whether for prepayments, settlements, or credit collateral, with both traditional finance and crypto-native institutions feeling secure about this technology. He pointed out that the industry currently faces growing pains from excessive fragmentation—there is an oversupply of stablecoin issuers, Layer 1 solutions, and regulatory frameworks relative to market size, and exchanges need to address interoperability challenges across chains and borders. He believes that the key to unlocking the next stage lies in the development of non-U.S. dollar stablecoins and on-chain foreign exchange markets.Brian Mehler pointed out from the perspective of Layer 1 public chains that the technology itself is already functioning normally, with traditional cross-border payments charging about 6.5% fees for a $200 transaction, while on-chain it only requires 1% or even less. The real issue lies in the fragmentation of compliance, as regulatory frameworks in different countries operate independently. Therefore, compliance elements such as whitelist, blacklist, and travel rules must be embedded in the infrastructure layer of the chain to achieve true global interoperability. He also mentioned that PayPal has introduced PYUSD to the Stable chain, and traditional financial institutions are actively seeking to establish a presence on-chain, with Layer 1 not aiming to replace banks but to become a settlement layer.

Gate collaborates with F1 Red Bull Racing Team to hold a racing parade in Hong Kong, with a cross-border special exhibition and anniversary events progressing simultaneously

Gate is hosting an F1 Red Bull Racing car display parade in Hong Kong, with the display cars appearing around Victoria Harbour and proceeding along a designated route, attracting market and public attention.This parade serves as an important offline action in the cross-industry collaboration between Gate and the F1 Red Bull Racing team, bringing top-tier racing culture into urban landmark scenes, enhancing brand exposure and discussion.From April 18 to 24, Gate will also launch the "Racing the Future" outdoor cross-industry exhibition at the K11 MUSEA waterfront promenade in Hong Kong, which will focus on showcasing Red Bull Racing cars and related equipment, as well as setting up interactive experience areas.As the official sponsor of the F1 Red Bull Racing team, this exhibition will be the first to showcase the brand new 2026 Red Bull Racing car and core equipment, introducing an immersive interactive experience area that recreates the fusion of top racing engineering and the aesthetics of speed.In addition, Gate will hold the "Gate 13 Blue Carpet Ceremony" on April 20, where the unveiling of the F1 Red Bull Racing display car and brand collaboration will take place. That evening, Gate will also host a high-end anniversary dinner event at the Rosewood Hong Kong, where platform founder and CEO Dr. Han will be present, and it is expected that over 300 representatives from top industry institutions and partners will be invited to participate in the exchange.
app_icon
ChainCatcher Building the Web3 world with innovations.