#资产代币化 Seeing Huaxia Fund launch a tokenized money market fund on Solana, my first reaction is not excitement but caution.

Over the past few years, I've seen too many "innovative" projects, from DeFi yield farming to various L2 ecosystems. Each time, they claim to be a "revolutionary breakthrough," but in the end? Most retail investors still end up as bag holders. But this time is different—backed by traditional large funds, cooperation with regulatory agencies, and well-known public blockchains, which indeed changes the risk level.

The key points are: first, complete transparency and real-time settlement, meaning you can always see where your assets are going, not black-box operations; second, multi-currency coverage (HKD, USD, RMB), which provides a real application scenario for on-chain stable returns, no longer just a tempting APY; third, starting from Hong Kong and expanding from there, indicating a clear compliance path, not operating in gray areas.

But I still want to remind everyone: tokenization does not mean risk-free. Even after assets are on-chain, there are still risks like smart contract vulnerabilities, liquidity risks, and even policy risks. Don't be blinded by the "traditional institutions + blockchain" combo punch—due diligence is essential. The truly smart players are those who, while seeing opportunities, also think through all possible pitfalls.