TechFlow reports that on August 14, according to the Ta Kung Wen Wei Daily, Raymond Wong, Vice President of the Hong Kong University of Science and Technology and Chief Scientific Advisor of Hong Kong Web3.0 Association, Bai Liang, Founder and CEO of ZeroOne ThinkTank, and Jiang Zhaosheng, Senior Researcher at OKG Research, jointly published an article titled "Web3.0 Insights: Issuing Hong Kong Dollar Stablecoins to Build a New Web3.0 Ecosystem." The article discusses the development trends of stablecoins in Hong Kong, proposing that HKD-pegged stablecoins should focus on the RWA (Real World Assets) ecosystem and emphasizing the importance of openness, integrity, and security in such stablecoin initiatives.
Jiang Zhaosheng further pointed out that security is the foundation and prerequisite for HKD stablecoins to empower the RWA ecosystem. In developing HKD stablecoins, in addition to establishing appropriate regulatory frameworks, regtech (regulatory technology) can also be leveraged to enhance issuers' and regulators' capabilities in preventing and responding to potential risks through technological means. Only secure and compliant HKD stablecoins can lay a solid foundation for Hong Kong to build an open, orderly, and vibrant tokenized RWA ecosystem, significantly strengthening Hong Kong's competitiveness and capabilities in digital economy and fintech.
