{"id":5753,"date":"2025-05-29T14:07:46","date_gmt":"2025-05-29T06:07:46","guid":{"rendered":"https:\/\/insights.digift.io\/?p=5753"},"modified":"2025-08-15T16:38:02","modified_gmt":"2025-08-15T08:38:02","slug":"the-state-of-rwas-learnings-from-the-23rd-apac-trading-summit-2025","status":"publish","type":"post","link":"https:\/\/insights.digift.io\/zh\/the-state-of-rwas-learnings-from-the-23rd-apac-trading-summit-2025\/","title":{"rendered":"The State of RWAs: Learnings from the 23rd APAC Trading Summit 2025"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Real-world assets (RWAs) are no longer a fringe concept\u2014they\u2019re becoming central to how institutions think about digital asset adoption. At the 23rd Asia-Pacific Trading Summit hosted by the FIX Trading Community in Hong Kong this year, the conversation wasn\u2019t about <em>if<\/em> RWAs belong on-chain, but <em>how<\/em> tokenization can align with institutional-grade standards, distribution frameworks, and regulatory clarity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Our <strong>CEO of Hong Kong, Kevin Loo<\/strong>, moderated the summit\u2019s flagship RWA panel\u2014bringing together asset management leaders from <strong>Franklin Templeton, Invesco, UBS Asset Management<\/strong>\u548c <strong>China Asset Management (ChinaAMC)<\/strong>. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This year\u2019s summit came at a pivotal moment\u2014on the heels of two major regulatory breakthroughs that are shaping the global RWA landscape:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>On 21 May, the Hong Kong Legislative Council passed the<strong> Stablecoin (FRS) Bill<\/strong>, establishing a licensing regime for <a href=\"https:\/\/www.linkedin.com\/pulse\/hong-kongs-stablecoin-bill-signal-asias-rwa-future-digifttech-lneic\" data-type=\"link\" data-id=\"https:\/\/www.linkedin.com\/pulse\/hong-kongs-stablecoin-bill-signal-asias-rwa-future-digifttech-lneic\">fiat-referenced stablecoin (FRS) issuers<\/a>. In opening remarks, the Hon. Joseph Chan, Secretary for Financial Services and the Treasury, emphasized <a href=\"https:\/\/www.hkma.gov.hk\/eng\/news-and-media\/press-releases\/2025\/05\/20250521-3\/\" data-type=\"link\" data-id=\"https:\/\/www.hkma.gov.hk\/eng\/news-and-media\/press-releases\/2025\/05\/20250521-3\/\">how the bill strengthens Hong Kong\u2019s digital asset regulatory foundation<\/a>, promotes innovation, and enhances financial stability.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:5px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Just a day earlier, the <strong>U.S. GENIUS Act<\/strong> was passed\u2014further solidifying the <a href=\"https:\/\/www.linkedin.com\/pulse\/genius-act-stablecoin-regulation-rewire-digital-asset-market-idonc\" data-type=\"link\" data-id=\"https:\/\/www.linkedin.com\/pulse\/genius-act-stablecoin-regulation-rewire-digital-asset-market-idonc\">role of compliant, asset-backed stablecoins<\/a> as foundational infrastructure for on-chain capital markets.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Together, these developments provided a fitting backdrop for the panel, which unpacked what institutional tokenization looks like today\u2014and what\u2019s needed to scale it responsibly. Here are five takeaways from the discussion:<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">1. Stablecoin Regulation Is Fueling Institutional RWA Readiness<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Tokenization is gaining global momentum. The rails are finally being laid, and the use cases have tailwinds. Regulatory progress\u2014like Hong Kong\u2019s stablecoin regime and the U.S. GENIUS Act\u2014is enabling institutions to build long-term tokenization strategies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Panelists emphasized that regulatory clarity isn\u2019t just helpful\u2014it\u2019s foundational. Institutional RWA providers are preparing to accept stablecoins for subscriptions and redemptions, and are aligning their infrastructure to operate compliantly across Hong Kong, Singapore, and other key markets.<\/p>\n\n\n\n<div style=\"height:21px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">2. There\u2019s No One-Size-Fits-All Strategy for RWA Rollouts<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">While the market is evolving quickly, institutional approaches remain staggered. ChinaAMC is focused on retail access in Hong Kong. UBS-AM and Invesco are starting with professional investors, with plans to broaden access over time. Franklin Templeton, an early mover in the space, is already serving both segments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">What\u2019s clear across the board: product-fit utility matters. Tokenization must deliver something new\u2014whether it\u2019s faster liquidity, cross-chain portability, or access to DeFi use cases like lending and collateralization.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">3. Cost, Transparency, and Infrastructure Are the Value Drivers<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Tokenization doesn\u2019t transform the asset\u2014but it can transform how it\u2019s accessed, used, and distributed. Panelists emphasized the role of public, permissioned blockchains in driving cost efficiencies and transparency.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These shifts, while gradual, can materially improve outcomes\u2014especially when combined with sound risk management, custody safeguards, and a compliance-ready framework. Transparency is no longer a buzzword; it\u2019s becoming a core feature of institutional-grade tokenized products.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">4. RWA Tokenization: Global Movement, Local Rules<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Tokenization is global\u2014but regulation remains local. Institutions acknowledged the complexities of navigating multiple jurisdictions, each with their own definitions and approaches. A harmonized global framework may still be aspirational, but regulatory convergence is underway.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Most agreed that starting with Tier 1 regulatory markets like Hong Kong and Singapore offers the clearest path forward. Success will depend on cross-border collaboration and partners with credible, multi-jurisdictional licenses. Navigating local nuances is no longer optional\u2014it\u2019s essential.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">5. We\u2019re Still in Phase One\u2014But Momentum Is Building<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">As the panel emphasized, institutional tokenization is still in its early innings. The infrastructure is coming together\u2014but achieving scale will require more than just regulatory clarity. It will take trusted distribution, real utility, smart contract composability, and seamless interoperability with both blockchains and existing financial systems.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Moving from proof-of-concept to production means proving why <em>on-chain<\/em> is better\u2014not just newer. That proof is starting to emerge, as RWA projects transition into commercial-stage models with real monetization potential.<\/p>\n\n\n\n<div style=\"height:50px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">From Proof-of-Concept to Purpose-Built Infrastructure<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The APAC Trading Summit made one thing clear: RWAs are no longer a side experiment. They\u2019re fast becoming a core pillar of capital market modernization\u2014propelled by regulatory clarity, institutional engagement, and usable infrastructure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At DigiFT, we believe the next phase of tokenization will be shaped by regulated, composable, and interoperable ecosystems\u2014where real-world assets aren\u2019t just tokenized for novelty, but built to be used.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">From stablecoin-based subscriptions to cross-chain liquidity, from professional investor access to retail usability\u2014the foundation has been laid. What comes next is scale.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-text-color has-background has-link-color wp-element-button\" href=\"https:\/\/www.digift.sg\/aboutUs\/contactUs?utm_source=Website&amp;utm_medium=Blog+CTA&amp;utm_campaign=Brand&amp;utm_content=State-of-RWAs-Learnings-from-APAC-Trading-Summit\" style=\"border-radius:0px;background-color:#1551fe\"><strong>UNLOCK THE NEXT PHASE OF TOKENIZATION WITH US \u2192<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u514d\u8d23\u58f0\u660e<\/strong>: DigiFT and\/or its affiliates endeavor to ensure the accuracy and reliability of the information provided, but do not guarantee its accuracy and reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracy or omission or from any decision, action or non-action based on or in reliance upon information contained on this article. This is not an advertisement making an offer or calling attention to an offer or intended offer. Before making any investment decision, please seek independent legal and financial advice. This document is distributed in Singapore only to Accredited Investors and Institutional Investors within the meaning of Securities and Futures Act 2001 and is not intended for investors who are not such accredited investors. DigiFT accepts no legal responsibility for the content of this article to other investors, which is not intended for them.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>","protected":false},"excerpt":{"rendered":"<p>The conversation is shifting from whether RWAs belong on-chain to how they align with institutional-grade standards, distribution, and regulations.<\/p>","protected":false},"author":256897725,"featured_media":5762,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_oasis_is_in_workflow":0,"_oasis_original":0,"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"page_builder":"","_wpcom_ai_launchpad_first_post":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false,"_links_to":"","_links_to_target":""},"categories":[1,132590],"tags":[],"class_list":["post-5753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","category-events"],"acf":[],"jetpack_shortlink":"https:\/\/wp.me\/pg7Ide-1uN","jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/insights.digift.io\/wp-content\/uploads\/2025\/05\/State-of-RWAs-Pt.-III-Main-Banner-1.png?fit=2048%2C1082&ssl=1","_links":{"self":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts\/5753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/users\/256897725"}],"replies":[{"embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/comments?post=5753"}],"version-history":[{"count":13,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts\/5753\/revisions"}],"predecessor-version":[{"id":5778,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/posts\/5753\/revisions\/5778"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/media\/5762"}],"wp:attachment":[{"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/media?parent=5753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/categories?post=5753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insights.digift.io\/zh\/wp-json\/wp\/v2\/tags?post=5753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}