BackGround
On October 31, 2008, Satoshi Nakamoto first released the Bitcoin white paper, "Bitcoin: A Peer-to-Peer Electronic Cash System," proposing the use of a decentralized Bitcoin network for value transfer. Blockchain technology has changed the way we access and share information, creating a new distributed, peer-to-peer, and decentralized social ecosystem. The new currency will be supported by a low-cost, web-based shared ledger network with cryptographic protection, without relying on banks, governments, or regulatory bodies to ensure the security of funds.
RWA, which stands for "Real World Asset," refers to the tokenization of real-world assets and their introduction into the blockchain domain.
In 2017, as the concept of decentralized finance (DeFi) began to mature, the RWA concept started to take shape. In 2019, the TAC Alliance was formed with the aim of promoting RWA standardization and cross-platform interoperability, facilitating collaboration and development among different projects.
By 2020, multiple projects began incorporating RWA, with its application expanding to various fields such as real estate, commodities, and art, transitioning from concept to practice.
In 2023, governments and regulatory bodies began to engage in the legal development of RWA, and large asset management companies like BlackRock and Fidelity started exploring tokenized asset management. By 2024, RWA continued to mature, with practical use cases emerging continuously.
Global Megatrends
The "two-way journey" between the physical and virtual worlds
The tokenization of RWA assets, with its efficiency, transparency, and strong liquidity, is injecting new vitality into traditional financial markets. As a major global financial hub, Hong Kong's development in the RWA field has attracted significant attention. Serving as a gateway to Asia and other regions, Hong Kong boasts a well-established financial infrastructure, a sound legal system, and an international business environment. These advantages provide fertile ground for asset tokenization. The vibrant development of the Hong Kong RWA market will further strengthen its position as a global financial center.
Following the reaffirmation of the plan to establish the U.S. Bitcoin Strategic Reserve by the incoming President Trump, Bitcoin reached a historic high of over $107,000 on December 16, 2024, sparking enthusiasm among cryptocurrency bulls.
