Unrequested (long) late night USDT0 story: One of the first chains to hear the @USDT0_to pitch was a certain L1. Let’s call it X. My co-founders and I are DeFi-native, and at the time we were close to people operating the X Foundation. Our mentors were skeptical. We genuinely believed in the team. X had strong backing from early DeFi builders and had just gone through a rebrand + upgrade that felt significant in that cycle. In our minds, X was the ideal launch partner. We pulled every favor we could and even had people at Tether who saw the potential in what we were building advocate for us in the telegram chats with X management. Eventually, we got on a call with X’s leadership, a team that had been trying to get USDT on their chain for almost two years. We prepare for 2 days as if it was the most important thing ever. The call starts. I begin what is still, to this day, my go-to USDT0 pitch. Less than 90 seconds in, a person in their management team lies down on his sofa WITH HIS CAMERA ON and starts doing something else on his MacBook, clearly not listening to our value proposition. Two minutes later, he interrupts me, laughs, and dismisses us. He tells us they are one of the best L1s in the world, that they already work with other stablecoins, and that they have no interest in what we are building. He says our product will never get traction and that the status quo is perfectly fine. That’s what they are interested in. At the time, it was frustrating. In hindsight, it was clarifying. A few months later, we met the @inkonchain / @krakenfx team, and what we expected to be a difficult conversation turned into an obvious one. We launched USDT0 there, and traction started to build. Then came the @arbitrum upgrade. Tether entrusted us with ownership of the contract, 1.8B USDT. We went from about 100M TVL to over 2B, and suddenly the market understood what we were trying to do. From there, we kept shipping. Berachain, Sei, Hyperliquid, Flare, Polygon, Corn, and more. Daily volume moved into the 10 to 15M range, then kept growing. What mattered most was that partners started using USDT0 because it solved a real operational problem, not because of narratives, but because of utility. A few months later, I heard that X tried to work with a USDT0 copycat. That effort failed spectacularly. Meanwhile, USDT0 kept growing thanks to some new and exciting chains. Plasma, Mantle, Stable, Conflux, Morph, MegaETH, and more. Today, X isn’t where it once was. The DeFi Builders attention has moved elsewhere, and CT’s tone toward its leadership and communications has become more critical. The governance token is in a though spot, like most others in his market. Today, USDT0 moves about 300M USDT per day across 25 chains. It is the de facto expansion strategy for Tether assets and sits at 4.4B plus TVL. It is the fastest growing cross chain infrastructure in the world. Sometimes, getting laughed out of a room is the best thing that can happen to your project. If you are building something with real utility, something that improves the status quo and solves an actual problem, you cannot give up just because short-sighted people do not see it. Prove them wrong.

Name & Symbol: Stable ($STABLE)
Address: 0x011ebe7d75e2c9d1e0bd0be0bef5c36f0a90075f

Unrequested (long) late night USDT0 story: One of the first chains to hear the @USDT0_to pitch was a certain L1. Let’s call it X. My co-founders and I are DeFi-native, and at the time we were close to people operating the X Foundation. Our mentors were skeptical. We genuinely believed in the team. X had strong backing from early DeFi builders and had just gone through a rebrand + upgrade that felt significant in that cycle. In our minds, X was the ideal launch partner. We pulled every favor we could and even had people at Tether who saw the potential in what we were building advocate for us in the telegram chats with X management. Eventually, we got on a call with X’s leadership, a team that had been trying to get USDT on their chain for almost two years. We prepare for 2 days as if it was the most important thing ever. The call starts. I begin what is still, to this day, my go-to USDT0 pitch. Less than 90 seconds in, a person in their management team lies down on his sofa WITH HIS CAMERA ON and starts doing something else on his MacBook, clearly not listening to our value proposition. Two minutes later, he interrupts me, laughs, and dismisses us. He tells us they are one of the best L1s in the world, that they already work with other stablecoins, and that they have no interest in what we are building. He says our product will never get traction and that the status quo is perfectly fine. That’s what they are interested in. At the time, it was frustrating. In hindsight, it was clarifying. A few months later, we met the @inkonchain / @krakenfx team, and what we expected to be a difficult conversation turned into an obvious one. We launched USDT0 there, and traction started to build. Then came the @arbitrum upgrade. Tether entrusted us with ownership of the contract, 1.8B USDT. We went from about 100M TVL to over 2B, and suddenly the market understood what we were trying to do. From there, we kept shipping. Berachain, Sei, Hyperliquid, Flare, Polygon, Corn, and more. Daily volume moved into the 10 to 15M range, then kept growing. What mattered most was that partners started using USDT0 because it solved a real operational problem, not because of narratives, but because of utility. A few months later, I heard that X tried to work with a USDT0 copycat. That effort failed spectacularly. Meanwhile, USDT0 kept growing thanks to some new and exciting chains. Plasma, Mantle, Stable, Conflux, Morph, MegaETH, and more. Today, X isn’t where it once was. The DeFi Builders attention has moved elsewhere, and CT’s tone toward its leadership and communications has become more critical. The governance token is in a though spot, like most others in his market. Today, USDT0 moves about 300M USDT per day across 25 chains. It is the de facto expansion strategy for Tether assets and sits at 4.4B plus TVL. It is the fastest growing cross chain infrastructure in the world. Sometimes, getting laughed out of a room is the best thing that can happen to your project. If you are building something with real utility, something that improves the status quo and solves an actual problem, you cannot give up just because short-sighted people do not see it. Prove them wrong.

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

Unrequested (long) late night USDT0 story: One of the first chains to hear the @USDT0_to pitch was a certain L1. Let’s call it X. My co-founders and I are DeFi-native, and at the time we were close to people operating the X Foundation. Our mentors were skeptical. We genuinely believed in the team. X had strong backing from early DeFi builders and had just gone through a rebrand + upgrade that felt significant in that cycle. In our minds, X was the ideal launch partner. We pulled every favor we could and even had people at Tether who saw the potential in what we were building advocate for us in the telegram chats with X management. Eventually, we got on a call with X’s leadership, a team that had been trying to get USDT on their chain for almost two years. We prepare for 2 days as if it was the most important thing ever. The call starts. I begin what is still, to this day, my go-to USDT0 pitch. Less than 90 seconds in, a person in their management team lies down on his sofa WITH HIS CAMERA ON and starts doing something else on his MacBook, clearly not listening to our value proposition. Two minutes later, he interrupts me, laughs, and dismisses us. He tells us they are one of the best L1s in the world, that they already work with other stablecoins, and that they have no interest in what we are building. He says our product will never get traction and that the status quo is perfectly fine. That’s what they are interested in. At the time, it was frustrating. In hindsight, it was clarifying. A few months later, we met the @inkonchain / @krakenfx team, and what we expected to be a difficult conversation turned into an obvious one. We launched USDT0 there, and traction started to build. Then came the @arbitrum upgrade. Tether entrusted us with ownership of the contract, 1.8B USDT. We went from about 100M TVL to over 2B, and suddenly the market understood what we were trying to do. From there, we kept shipping. Berachain, Sei, Hyperliquid, Flare, Polygon, Corn, and more. Daily volume moved into the 10 to 15M range, then kept growing. What mattered most was that partners started using USDT0 because it solved a real operational problem, not because of narratives, but because of utility. A few months later, I heard that X tried to work with a USDT0 copycat. That effort failed spectacularly. Meanwhile, USDT0 kept growing thanks to some new and exciting chains. Plasma, Mantle, Stable, Conflux, Morph, MegaETH, and more. Today, X isn’t where it once was. The DeFi Builders attention has moved elsewhere, and CT’s tone toward its leadership and communications has become more critical. The governance token is in a though spot, like most others in his market. Today, USDT0 moves about 300M USDT per day across 25 chains. It is the de facto expansion strategy for Tether assets and sits at 4.4B plus TVL. It is the fastest growing cross chain infrastructure in the world. Sometimes, getting laughed out of a room is the best thing that can happen to your project. If you are building something with real utility, something that improves the status quo and solves an actual problem, you cannot give up just because short-sighted people do not see it. Prove them wrong.

Name & Symbol: TaleX ($X)
Address: 0x0510101ec6c49d24ed911f0011e22a0d697ee776

🔥 Speaker Spotlight | Stablecoin Odyssey 2026 · HK Forgiven @forgivenever , Chief Shilling Officer at @Conflux_Network , is joining our RWA Panel! 🌊From Wall Street to Web3: → Track record across UNC Endowment, Wall Street fintech (Novus), and Huatai's PE platform → Education: Fudan + Brandeis → Co-founded @Conflux_Network Panel 2: RWA — New Infrastructure or Just Better Storytelling? When someone who's managed billions in TradFi joins the RWA conversation, you listen. 📍 Feb 10 | Soho House HK 🎟️ https://t.co/9gQIlhqU8e --- 🔥 嘉宾官宣 | Stablecoin Odyssey 2026 · 香港 Conflux Chief Shilling Officer 张元杰 @Forgivenever 加入 Panel 2: RWA 圆桌！ 🌊 从TradeFi到Crypto的跨界者： → 曾任职 UNC 捐赠基金、华尔街金融科技公司 Novus、华泰私募 FOF 平台 → 复旦大学 + Brandeis University 教育背景 →@Conflux_Network 联合创始人，构建真实世界资产上链基础设施 张元杰 Forgiven 将在 Panel 3「RWA: New Infrastructure or Just Better Storytelling?」分享他的双视角观察。 📍 2 月 10 日 | 香港 Soho House 🎟️ https://t.co/9gQIlhqU8e #StablecoinOdyssey #RWA #Consensus2026

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

🌍We're not just talking about the future of finance. We're designing the infrastructure for it. 🔥Cregis will host the Institutional Payment & On-chain Financial Infrastructure Summit with @stable , @JSquare_co , and FutureCloud, at #ConsensusHK2026 — an invitation-only gathering for builders and operators shaping stablecoins, institutional payments, security, compliance, and on-chain financial systems, supported by DR, @InterlaceMoney, and @awscloud. At this summit, we’re gathering the key voices shaping the future: @stable | @Conflux_Network | @Hex_Trust | @SlowMist_Team | @Tevau_Official | @InterlaceMoney | @BlockOffice_ | @CynopsisS | @awscloud | @InvestVesta | @JSquare_co | @0xCregis 🚀Let's build systems that institutions can trust at scale. 📅 Feb 9, 2026 📍 Conrad Hong Kong 🔗 https://t.co/LzKcnDHoYr #ConsensusHK2026 #Stablecoins #InstitutionalPayment #Crypto #Web3Infra #OnchainFinance

Name & Symbol: Stable ($STABLE)
Address: 0x011ebe7d75e2c9d1e0bd0be0bef5c36f0a90075f

揭秘https://t.co/wsP347Prx9恶意捏造数据和资本做局,为虎作伥！ 在Web5大会演讲嘉宾数码港的朱女士提到RWA行业快速发展,全球RWA所代表资产总价值(Represented Asset Value)达到4100亿美元,主任不禁哑然失笑.要知道美元稳定币的总发行量才将将迫近3000亿美元. 那么这个数据是哪来的呢? 最“权威”的RWA数据统计网站https://t.co/wsP347Prx9. 今天主任也扮演一次调查记者的角色,为水友们还原一下这个数据的始末. 因为主任长期在各大学企业做RWA行业的分享,一直在引用该网站的数据.大概在一个月前,该网站大改版之前RWA全行业的资产规模才300亿美金左右,怎么瞬间就扩大了10倍不止. 这就要说到https://t.co/wsP347Prx9近日改版后提出了两个新的行业定义以便捏造数据和披露真实数据,取代了原来唯一的全行业数据: Reported Asset Value: 所代表资产价值,即用区块链做账本在链上发行了数字资产凭证,但并无实际链上转账和分销行为的RWA资产,目前金额为4100亿美元 Distributed Asset Value：已分销资产价值,即使用区块链的链上协议和打通公链的交易所作为分销层,允许投资者通过钱包或者托管商直接或间接订阅持有的RWA资产,目前金额为180亿美元 好吧,不装了,第一个数据就是用来吹牛逼大跃进的,4100亿美元中,91%的RWA资产都是在新资本局“广东链”Canton上发行的,紧随其后占3%的140亿美金都是美股第一RWA股Figure公司研发的Provenance上发行的Home Equity Loan of Credit Line,这些都跟币圈几乎没有一毛钱关系,只是在自家造的私链上发了个RWA Token. 按照这个逻辑,全世界美元计价资产大概70-80万亿美元,都在陈凤霞上发个RWA Token做电子凭证,那么RWA行业的资产规模就瞬间可以暴涨到70-80万亿美元. https://t.co/wsP347Prx9背后和广东链有什么不可告人的商业勾当,就不用多说了. 当然这不是https://t.co/wsP347Prx9这个惯犯第一次作案了.还记得主任说过一个月前网站改版之前全行业规模是300多亿美元,和现在Distributed Asset Value的180亿美元还有100多亿美元的缺口是怎么回事呢? 很简单,Figure 就是第一个贿赂https://t.co/wsP347Prx9网站的公司,活生生把一个房子抵押贷款公司的数据硬是塞到了RWA行业的数据统计表里,让原本真实卖给币圈人180亿美金的RWA 资产膨胀到了300多亿美金. 这个事情应该发生在大概一年半以前,我当时很纳闷为什么要这样扭曲数据,导致我每次讲课时引用这个数据时要跟听课的人特别强调我的理解,RWA全行业规模应该剔除Figure的数据,代币化私有信贷(figure自家的房屋抵押贷款)超过代币化美债是不符合行业发展规律的. 好嘛直到Figure上市成为美股RWA第一股85亿美金市值时,我傻眼了,好会包装故事割韭菜的华尔街,做戏做全套啊！ 如今Figure上市了,估计就不续费了,就被https://t.co/wsP347Prx9把数据剥离重新归类到Reported Asset Value,屈居第二,仅次于新金主爸爸广东链之下,当然140亿的规模跟新晋霸主的3910亿比起来就没法看了,当然都是吹牛逼数据,谁给得多,谁就厉害对吧! 因为Distributed Asset Value剔除了Figure掺水的异常值之后,这个数据又重新开始具备公允的参考价值,代币化大类资产,美债/货基第一,黄金第二,私有信贷第三等依次排序,这些大多是通过Defi协议或者交易所交易对/理财产品完成了对币圈投资人的分销,也是RWA行业自下而上最真实的需求. 历史就是任人打扮的小姑娘,我看放到RWA这个新概念上最恰当不过..现在骗了美股韭菜币圈韭菜就不说了,又来香港骗人,各种港股RWA概念股涨得七荤八素,也怪不得国家要打击降温呢… 不要迷信华尔街，更不要迷信所谓白皮站台，包装起来资本局倾销给你，镰刀都是很锋利的，这里面配合作恶的数据网站吃了Crypto的流量和红利，转头就把屁股卖给资本家们，令人不齿！

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

昨日受邀在香港由星路科技(复星孵化的Web3公司)和复星财富举办的Web5(Web2与Web3融合)生态大会上参加了圆桌论坛,并在复星财富中环办公室与蔡华先生签署了了星路科技与Conflux公链的战略合作协议,未来会将泰康资产和纽约BNY Mellon的代币化金融产品在Conflux公有链上发行,并会通过复星财富导入其Web2的高净值客户通过链上渠道完成RWA产品认购,携手助力香港Web3的发展! 时值熊市初期,主任没有停下做事的脚步,但同时深感压力,国内环境突然收紧,香港这边加密资本主义的糖衣炮弹无孔不入:一位前辈在Panel结束后与主任交流,提醒到Solona正重金投入在香港Lobby,预计很快会成为继Ethereum, Hashkey Chain之后第三个被香港政府认可的公链,而与主任同台分享的Solona代表,也正是以星路科技投资人的尊贵身份出现. 除了这位前辈,还有很多朋友会后与主任交流,纷纷表示陈凤霞太不容易了,投来同情的目光. 脆弱的民族区块链基础建设事业,没有钱,没有人,没有生态,同时面临着中美的夹击,还在奋斗的陈风霞们咬紧牙关,不到最后一刻不轻言放弃！ 主任在台上眉关紧锁, 这是国产公链最后的倔强!

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

香港Fintech Week马上要开幕了,陈凤霞也会参展,大的要来了! 书接上回,主任先来介绍下USDT0技术,由 Tether 准官方机构@USDT0_to 凭借 Layer0 的OFT Token技术基于以太坊USDT完成USDT0的多链发行,基本原理就是lock and mint. 1.目前发行量超过$5B,主要发行在Plasma,Arbitrum,Polygon,Hyperliquid,Optimism和Unichain等,以及cex主导的L2, 比如Ink,X Layer等发行 2.最高发行量达到$7B, 由于Plasma作为farming燃料价格下跌,USDT0发行量回落至$5B. 不过在Arbitrum,Polygon和Hyperliquid等链发行量稳定上升. 值得一提的是Arbitrum,Polygon都是后来升级更换为USDT0的,Optimism仍然在更换进程的初期.新的chain现在大多都直接采用USDT0技术,比如Plasma,Unichain,Bera,X Layer,还有最近颇具争议的Stable. 这对整理USDT多链的流动性和安全性有大一统的方便,且进一步奠定了Ethereum作为结算层的地位. 3.目前大多交易所不对USDT和USDT0做区分,充值进入交易所后是被认为同质化Token,这中间隐含了OFT Token技术架构的风险. 甚至交易所在充提页面也没有做区分,不过Okx做了非常清晰的标识. 4.除了USDT0之外,XAUT0也通过同样技术进行了多链发行,目前总发行量接近10000个,主要在Plasma,Hyper和Avax活跃. 5.Tether除了USDT和XAUT两个主推产品之外,还有沉睡的CNHT没有激活,这会是谁的机会呢？

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

在Token期间主任和Tether的朋友进行了会晤,了解了对方的战略意图: 1) 政治上向Trump政府靠拢,但也有隐忧换届后的清算 2)合规上推出美国在岸USAT,雇佣前白宫Crypto顾问Bo Hines为CEO,剑指USDC 3)形象上减弱Tron + USDT的灰产组合,大力推动USDT0(依托Layer0和以太结算层,将Erc20 USDT跨到新链,减少原生部署)寻求多链发展,USDT0目前发行量约65亿美金,主要发行在Plasma,Arbitrum,Optimism,Unichain等 3)BD由被动变主动,开始雇佣Country Expansion Manager,目前已有40多人 4) 除美元外,仍保留黄金、英镑和人民币的稳定币产品,目前黄金牛市,Xaut是目前的战略扩张重心 5) 人民币CNHT一定是未来重要的战略规划,但目前并不是最好的时机,可以先在基础设施上做好准备,放眼5-10年 临告别时,对方跟主任意味深长地说:如果Tether下一步闲棋, 把USDT0和CNHT0一起交给陈凤霞,主任计将安出？

Name & Symbol: Plasma ($XPL)
Address: 0x405fbc9004d857903bfd6b3357792d71a50726b0

今天结束了2025 KBW的征程,一些韩国市场观察分享: 1. Upbit市场份额下滑,Bithumb市场份额爬升超过45%. 主要原因推测为Bithumb上币更灵活,覆盖更广,没有迷雾中的巨额索贿上币,也有更多品种可以交易,比如前阵子表现不错的$Wld. 不知道Naver收购Upbit之后,陈凤霞机会是否能大一点,毕竟勤俭持家,走不了高端资本局… 2.韩国韭菜从过去的项目holder&builder社区变成了airdrop hunter&trader社区,old school那种看好就死拿作家人的氛围越来越少.除非你是“大爷大妈”项目,比如xrp,这要有点历史机缘,被cx团队狠狠地推过. 反观陈凤霞的Kakao社区从顶峰时的1200人缩水到现在只有200+ 3.韩国韭菜也学聪明了,泡菜溢价正在消失,幅度收窄不说,一般只在上韩所时出现个半天,不会像过去会持续数周. 4. kbw仍然是韩国最大的盛会,每年的title sponsor都锁定了Upbit spot的位置,去年的$move,今年的$0G. 为了TGE,韩国市场营销值得一次性梭哈拉满. 今年Bithumb风头正劲主会场牌面拉满. Hashed也只好另起炉灶做Eastpoint,影响力才刚开始. $0G多说一句除了市场投入,上所策略先期后现,极限谈判0.3%空投上Bn,做市高控高开高走暴空散筹,绝对的master play. 很多buidler惊羡这样的成功,但也让人扼腕,做项目除了上所和做市,what else matter？ 5.主任在韩国能为陈凤霞做的已经越来越少,除了做市商还对陈凤霞感兴趣之外,无人问津. 即便如此,主任仍拜访了Bithumb和Coinone,为AnchorX团队做了牵线工作,啥时候AxCNH/Korean Won才能上线呢？ Coinone的韩国小姐姐很Cool, 直言Coinone还在struggle. 她气质独特不笑时冷淡落寞, 忽而莞尔又温暖伶俐. 严寒与暖春来回切换,让人心神荡漾. 这样的不期而遇是主任牛马一生,灰暗旅途中的一抹亮色. 收敛情绪,走出大楼. 首尔,大雨滂沱！

Name & Symbol: 0G ($0G)
Address: 0x4b948d64de1f71fcd12fb586f4c776421a35b3ee

過去在上海舉辦的外灘大會，幾乎沒有 Web3 的身影。 今年卻不一樣——大會特意開設了【通證經濟：產業與金融新型價值互聯的破曉時分】論壇，RWA 與穩定幣首次在主流金融科技舞台被正面討論。一個重要信號：傳統金融與監管正在逐步接受並嘗試理解這個新興市場。 逛展區正好還看到了關於巡鷹出行的 RWA 案例，格外自豪，因為這背後有 Conflux 的參與。順便提醒一下大家：第一期 EAG S1 Market 將於下週二到期，記得及時 withdraw，美美吃頓豬腳飯。第二期也將在本月上線，請大家持續關注～ 這次外灘大會的氛圍非常 nice。支付寶的「碰一下」打卡收集洞洞扣活動，每個點都大排長龍，甚至很多老年人都樂在其中。這讓人想起幾年前火過一陣的 NFT 打卡核銷：相比之下，鏈上的 NFT 記錄更難消逝、可以永久留存，但由於 Web3 的普及程度還有限，絕大多數人還沒意識到它真正的價值和意義。今天大家排隊收集的實物洞洞扣，可能幾年後就遺忘了，但鏈上憑證卻能在未來以另一種形式被激活。 RWA 與穩定幣已進入主流話語體系，但仍然在探索階段；產業案例陸續登場，從「想」到「做」才是關鍵。這次 RWA 論壇座無虛席，熱度很高，但 Web3 價值感知仍有很長的路要走。不過很高興看到在上海、在外灘大會這樣的平台上，已經出現了關於 RWA、穩定幣的討論和展示。 任重道遠，但至少破曉已至。

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

🔥IOSG OFR 15th is coming to Seoul #KBW2025! SupperAPP Era is to bring together the brightest minds in the industry to dive deep into the next-generation adoption of Stablecoins, RWA, DeFi, AI, zkVM, Web3 Applications, and much more! Why SuperAPP? Check out our website: https://t.co/bTnXTo0y1K 📅 Date: 2:00-6:30 pm, Sep 22nd 📍 Location: The Westin Seoul Parnas, Gangnam 🔗 Register (Free!): https://t.co/HJzw0o5JFr 🌐 Partners: @followin_io @FourPillarsFP @DeSpreadTeam @INF_CryptoLab @CoinNess_ @with_blockmedia

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

今天不是去香港的FinTech Award pitching day嘛，我從陳鳳霞是如何在上海啟動，到香港做商業落地，又是如何在性能上達到TPS 15,000+，如何賦能上市公司的Web3應用，從RWA的DeFi創新到離岸人民幣穩定幣。又感覺自己穩了。 講完之後，評審的問題都很有見地，你來我往，不亦樂乎。到最後一個問題：有考慮過把R&D的同事多搬點人來香港嗎？我脫口而出：非常考慮，就是香港房租太貴了！ 評審頓時感到無法反駁，我在後面瘋狂找補⋯

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

我也是出息了。今天去香港交易所代表陳鳳霞香港分霞，在香港前特首梁振英和香港財經事務及庫務局局長許正宇的見證下，完成了RWA生態合作的簽約。 今天的大會發布了「RWA產業發展研究報告·產業篇2025」，主要是系統性地提出了資產篩選的標準和框架。 以後可不興說“万物皆可RWA”了，RWA其實是門檻很高的項目，要滿足三大條件： ✅ 價值有穩定性 ✅ 法律確權有清晰性 ✅ 鏈下數據可驗證性

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

最近來找我們聊 RWA 的項目明顯多了起來，很多團隊本身來自傳統行業，手裏有底層資產，比如地產、債權、收益權等，但對於怎麼做 RWA 並不清楚。看似是技術問題，其實核心在結構設計和合規路徑。 目前很多資產都在大陸，想通過香港或海外完成上鍊和流通，這其中最大的難點有三個：第一，跨境的法律與外匯限制，使得資產直接轉出或映射非常複雜；第二，鏈上憑證的法律地位在大陆缺乏清晰認定，鏈上通證往往無法真正代表底層權益；第三，傳統金融資產結構不透明、週期長、信息不對稱，難以標準化處理和拆分。 目前比較適用的解決方案是採用“鏈下合規 + 鏈上憑證”的雙軌模式：底層資產通過信托、QFLP、SPV等方式由持牌機構託管與管理，鏈上發行的不是直接資產，而是代表其未來收益權或參與份額的可轉讓憑證，既保留了資產的合規性，又實現了鏈上的可組合性和流動性。同時，可以引入海外合規資金和DeFi流動性，從而形成一個真正可流通的鏈上RWA生態。 RWA 是連接傳統與加密的關鍵橋樑，我們相信答案不是單一的，歡迎大家一起來碰撞想法～

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e