#资产代币化 The era of crypto IPOs in Hong Kong is coming! HashKey is about to become Hong Kong's first fully native licensed crypto exchange listed company, which is truly a significant milestone.

You might ask, what does this have to do with me? It’s a big deal. Imagine asset tokenization as bringing all the value from the real world onto the blockchain—real estate, bonds, private equity funds—all can be divided into digital assets and traded globally. HashKey has already tokenized over HKD 1 billion of real assets on the RWA network, and this is just the beginning.

More importantly, HashKey integrates trading, custody, staking, asset management, and tokenization into a fully regulated platform. What does this mean? It means the concept of decentralization is merging with traditional financial systems, not opposing them. Institutional investors no longer need to choose between "compliance" and "innovation"; they can have both simultaneously.

With HKD 29 billion in staked assets under management and nearly HKD 1.7 billion in on-chain RWA, these figures reflect genuine user demand and market opportunities. Although the company is still in the investment phase with obvious losses, it’s like building a highway—huge initial investment, but once completed, all economic activities will flow faster.

The success or failure of this IPO actually raises a big question: does mainstream capital markets truly believe in the future of regulated crypto infrastructure? I believe the answer is yes. Decentralization isn’t about destroying the existing order but about enabling value to flow more freely, transparently, and efficiently. Hong Kong is demonstrating this through action.