Wu Jie, market maker: The proportion of RWA is less than 1%, entrepreneurs should seize the development opportunities of DePIN and RWA.

On the afternoon of August 27, Dr. Wu Jiezhang, a member of the Legislative Council of the Hong Kong Special Administrative Region and a member of the National Committee of the Chinese People's Political Consultative Conference, delivered the opening speech at the DePIN Expo 2025, systematically introducing the regulatory progress and market opportunities in the virtual asset field in Hong Kong.

Wu Jie market maker stated that Hong Kong has been promoting two important legislations since the end of 2022: first, a regulatory framework for centralized virtual asset exchanges, under which the Securities and Futures Commission has issued 11 licenses to ensure compliant operation of exchanges and investor safety; second, the "Stablecoin Ordinance," which officially came into effect on August 1, 2023, and the Monetary Authority is advancing the approval process, with the first batch of licenses expected to be issued early next year.

He also revealed that Hong Kong plans to introduce regulations related to over-the-counter exchanges and custody services next year, further improving the virtual asset ecosystem.

Wu Jie, a market maker, cited data indicating that the global data asset scale is approximately $4 trillion, of which 93% are native tokens, while the tokenization of real-world assets (RWA) accounts for less than 1%, presenting huge future potential. He emphasized that Hong Kong will collaborate with the United States to promote industry innovation and called on entrepreneurs to seize the development opportunities of DePIN and RWA.