RWA+ stablecoin compliance innovation and development summit held, industry compliance development became the focus of attention

Source: 01 Metaverse
Original link: https://mp.weixin.qq.com/s/YA882zToeji1VsZoToUMhg

With the theme of “RWA+ Stablecoins: New Changes in Global Payments, Asset Allocation and Financial Systems”, the summit brought together dozens of industry experts, academic representatives and business people from relevant departments in mainland China, Hong Kong and Macau, Singapore and the US to discuss cutting-edge issues of real-world assets (RWA) and stablecoins in compliance innovation, technology application, and regulatory frameworks.

“RWA+ Stablecoin Compliance Innovation Development Summit” site

The host of the summit, Gu Weiyu, director of the Financial Innovation and Risk Management Research Center at the Central University of Finance and Economics, pointed out that the combination of RWA and stablecoins is an important force in promoting the integration of finance and the real economy in the digital age, and the industry needs in-depth discussions across fields and borders to clarify the development logic.

Qiu Xiaomin, executive vice director of the Xinhua Online Market Research Institute, said that the development of stablecoins and RWA has become an important issue in the global economy. The US and Hong Kong, China and other places have introduced regulatory frameworks, but we need to be wary of issues such as liquidity management and money laundering risks.

At the summit, many experts and scholars, including Zhao Jian, director of the Xijing Research Institute, Bai Liang, CEO of the 01 think tank, Guo Hua, professor at the Central University of Finance and Economics, and Li Junfeng, a professor at the Central University of Finance and Economics, conducted in-depth discussions on the business development and policy supervision of stablecoins from the dimensions of the international monetary system, regulatory practices, and technology application.

During the technical application and practice sharing session of the summit, Liu Meeting, vice president of Sanwei Xin'an, explained in detail the security fundamentals of RWA and stablecoins from a cryptographic perspective.

He believes that the integration of technologies such as blockchain and private computing is the key to trustful integration of physical assets onto the chain, and that anti-quantum cryptography and other technologies will improve the level of security compliance.

Chen Xiaohua, director of the Blockchain and Data Elements Special Committee of the China Mobile Communications Federation, introduced the agency's practical results in the field of data elements, including formulating data asset standards and promoting the “RWA Ecological Partner Action Plan.”

He stressed that the development of the industry needs to focus on physical fields with stable returns, such as new energy and the industrial Internet, to achieve the value of stablecoins through deep integration of technology and industry.

Inauguration ceremony of the RWA and Stablecoin 50-Person Forum

Xu Yunfeng, executive director of Guosheng Think Tank, said that the summit not only built a platform for exchanges across regions and fields, but also provided a concrete starting point for the development of the industry by releasing practical projects.

With the rapid evolution of the global RWA and stablecoin markets, China needs to collaborate in theory, policy and technology, use Hong Kong as a fulcrum to connect with international rules, and at the same time rely on the mainland's huge physical assets and application scenarios to explore compliance development paths with Chinese characteristics.