HashKey Tokenisation 合伙人 Andy Lee:RWA 的核心问题已从「能否做」转向「为谁做」

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Techub News 消息,由港股上市公司新火科技(1611.HK)联合 Avenir Group 和 Techub News 共同举办的「香港金融科技高峰论坛暨新火科技产品发布会」在香港君悦酒店启幕。

HashKey Tokenisation 合伙人 Andy Lee 在「实体资产上链:RWA 如何重塑传统金融与数字财富的边界」圆桌讨论中指出,当前全球正迎来代币化发展的关键窗口期。从合规层面看,香港在过去 6-8 个月内密集推出支持代币化业务的政策,亚太及欧美监管机构也展现出积极开放的姿态,多国正通过立法推动资产代币化落地。技术层面,资产选择日趋多元,涵盖基金、股权数字化、高收益产品及实物资产等领域。

但他强调,行业面临的核心问题已从「能否做」转向「为谁做」——即便具备监管支持与成熟产品,仍需明确目标投资人群体及盈利模式。Andy 特别指出,RWA 并非万能工具,若仅着眼于融资或退出,则难以持续。他建议从业者应回归本质思考:发行资产的核心目标是什么?资产发行后的长期运营规划如何?这些才是推动行业健康发展的关键。

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