The competition for on-chain development in Hong Kong is heating up, with giants like JD.com and Ant Group accelerating the implementation of RWA in Hong Kong
In the current wave of global asset tokenization, Hong Kong is becoming a key testing ground for on-chain asset deployment. According to PANews, many domestic companies holding physical assets are also taking action, seeking to put their assets on-chain for tokenized financing. The most common compliant solution is to confirm domestic assets on a consortium chain, then establish a holding entity in Hong Kong to control the domestic assets, and subsequently conduct token issuance for financing. Currently, Hong Kong's RWA industry is still navigating its way forward.