HashKey RWA | The Weekly View | November 2-8, 2026
🔝 Weekly View: Hong Kong advanced tokenised settlement and secondary trading during FinTech Week, while financial institutions in Asia and Europe expanded their tokenised fund offerings.
📊 Number of focus: US$1.3 billion
The enised retail products — spanning money market funds, gold products and ETFs — with combined assets under management of US$1.3 billion, and has cleared the first batch of tokenised money market funds for secondary trading. [1]
Top News:
1️⃣ SFC clears tokenised money market funds for secondary trading, with tokenised gold ETFs flagged as the next pilot. [1]
2️⃣ HKMA moves to accelerate 24/7 settlement of tokenised transactions under Project Ensemble. [2]
3️⃣ CMU OmniClear completes trial trades of tokenised Exchange Fund Bills on its Digital Asset Platform, using on-chain atomic DvP. [3]
4️⃣ Standard Chartered launches tokenised deposit services for corporate clients in Hong Kong. [4]
5️⃣ SBI brings its tokenised Japanese equity fund to HashKey Exchange, allowing qualified investors to subscribe and redeem in USDC. [5]
What's on your radar this week? Follow us for the latest updates on tokenisation.
🔝 Weekly View: Hong Kong advanced tokenised settlement and secondary trading during FinTech Week, while financial institutions in Asia and Europe expanded their tokenised fund offerings.
📊 Number of focus: US$1.3 billion
The enised retail products — spanning money market funds, gold products and ETFs — with combined assets under management of US$1.3 billion, and has cleared the first batch of tokenised money market funds for secondary trading. [1]
Top News:
1️⃣ SFC clears tokenised money market funds for secondary trading, with tokenised gold ETFs flagged as the next pilot. [1]
2️⃣ HKMA moves to accelerate 24/7 settlement of tokenised transactions under Project Ensemble. [2]
3️⃣ CMU OmniClear completes trial trades of tokenised Exchange Fund Bills on its Digital Asset Platform, using on-chain atomic DvP. [3]
4️⃣ Standard Chartered launches tokenised deposit services for corporate clients in Hong Kong. [4]
5️⃣ SBI brings its tokenised Japanese equity fund to HashKey Exchange, allowing qualified investors to subscribe and redeem in USDC. [5]
What's on your radar this week? Follow us for the latest updates on tokenisation.
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🌐 Advancing Institutional Interoperability in Tokenised Finance.
Anna Liu, CEO of HashKey RWA, delivered a keynote speech at #HKFTW2026, sharing her perspectives on the next stage of tokenisation and institutional interoperability.
She highlighted ownership, money, and illars for reducing cross-institutional connectivity costs and enabling tokenised assets to move across institutions. Lowering these barriers can improve efficiency, encourage broader institutional participation, and create the network effects needed to scale tokenised finance.
Read more: panews.io/articles/01a1a…
#HashKeyRWA #HKFTW2026 #Tokenisation
Anna Liu, CEO of HashKey RWA, delivered a keynote speech at #HKFTW2026, sharing her perspectives on the next stage of tokenisation and institutional interoperability.
She highlighted ownership, money, and illars for reducing cross-institutional connectivity costs and enabling tokenised assets to move across institutions. Lowering these barriers can improve efficiency, encourage broader institutional participation, and create the network effects needed to scale tokenised finance.
Read more: panews.io/articles/01a1a…
#HashKeyRWA #HKFTW2026 #Tokenisation
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🎙️ Anna Liu, CEO of HashKey RWA, spoke with CNBC about Hong Kong's evolving fintech landscape and the growing adoption of asset tokenization.
Key Highlights:
🔹 Regulatory Clarity: Hong Kong's legal framework and market infrastructure are becoming more mature.
🔹 Market stry awareness is helping institutions better understand tokenisation.
🔹 Real-World Adoption: Institutional conversations are shifting from "What is tokenisation?" to "How do we put it into practice?"
🎥 Watch the interview:
cnbc.com/video/2026/10/…
#HashKeyRWA #Tokenization #HongKong #RWA
Key Highlights:
🔹 Regulatory Clarity: Hong Kong's legal framework and market infrastructure are becoming more mature.
🔹 Market stry awareness is helping institutions better understand tokenisation.
🔹 Real-World Adoption: Institutional conversations are shifting from "What is tokenisation?" to "How do we put it into practice?"
🎥 Watch the interview:
cnbc.com/video/2026/10/…
#HashKeyRWA #Tokenization #HongKong #RWA
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How are emerging technologies shaping the next phase of business growth across APAC?
Anna Liu, CEO of HashKey RWA, will join fellow business leaders at the Women Chief Executives Summit 2026 to discuss how innovations such as RWA tokenisation are creating new market e the challenges of navigating regulation and scaling across borders.
View the full programme and register here plus-concepts.com/WCE2026/
Anna Liu, CEO of HashKey RWA, will join fellow business leaders at the Women Chief Executives Summit 2026 to discuss how innovations such as RWA tokenisation are creating new market e the challenges of navigating regulation and scaling across borders.
View the full programme and register here plus-concepts.com/WCE2026/
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HashKey RWA launches the first product under the HashKey “hToken” series, advancing traditional financial asset tokenisation through our One-Stop Issuance Solution.
The series creates new digital issuance and distribution channels for traditional financial assets, moving beyond s towards a standardised, scalable issuance model, without requiring extensive modifications to existing underlying fund structures.
The first tokenised securities product, backed by Class A fund units in HashKey Fintech Opportunities Limited (HFOL Class A), an actively managed investment fund managed by @HashKey_Capital, is now live on @HashKeyExchange Earn Channel.
Learn more 👇
group.hashkey.com/en/hashkey-rwa…
The series creates new digital issuance and distribution channels for traditional financial assets, moving beyond s towards a standardised, scalable issuance model, without requiring extensive modifications to existing underlying fund structures.
The first tokenised securities product, backed by Class A fund units in HashKey Fintech Opportunities Limited (HFOL Class A), an actively managed investment fund managed by @HashKey_Capital, is now live on @HashKeyExchange Earn Channel.
Learn more 👇
group.hashkey.com/en/hashkey-rwa…
💰 New Product on HashKey Exchange Earn Channel
💎 HashKey Tokenised HFOL Class A (HHFOLA), a tokenised fund-linked trust certificate offering eligible investors exposure to Class A Shares of an actively managed fund managed by @HashKey_Capital.
✅ Professional Investors rrency: USDT (ERC20)
✅ Minimum subscription: 100,000 USDT
Details & disclaimers: support.hashkey.com/hc/en-gb/artic…
Earn Channel: exchange.hashkey.com/en-US/earn
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HashKey RWA is heading to Lisbon. 🇵🇹
Our Partner, Andy Lee @apwlxyz, will be at several events, and we look forward to engaging with industry peers on RWA tokenisation and the development of institutional on-chain capital markets.
📍 Alpaca Partners Conference | Oct 26–28
📍 28–29
See you in Lisbon.
Our Partner, Andy Lee @apwlxyz, will be at several events, and we look forward to engaging with industry peers on RWA tokenisation and the development of institutional on-chain capital markets.
📍 Alpaca Partners Conference | Oct 26–28
📍 28–29
See you in Lisbon.
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HashKey RWA | The Weekly View | October 12-18, 2026
🔝 Weekly View: Asia advanced tokenised finance, while U.S. tokenised-equity plans faced pushback and stablecoin payments gained momentum.
📊 Number of Focus: US$482 billion
Stablecoin payments reached US$482 billion in the 26, up 45% from a year earlier, even as circulating supply stayed flat. [1]
Top News:
1️⃣ Deutsche Bank targets Asia crypto custody expansion in 2027 as its German launch nears. [2]
2️⃣ South Korea moves to open bond and fund tokenisation, proposing a KRW 100m annual net-buy cap for retail OTC investment. [3]
3️⃣ Robinhood explores a tokenised actively managed ETF with T. Rowe Price. [4]
4️⃣ Multiple companies object to being part of the OKX–ICE tokenised-stock TSV plans, testing the SEC's tokenised-equity framework. [5]
What's on your radar this week?
Follow us for the latest updates on tokenisation.
🔝 Weekly View: Asia advanced tokenised finance, while U.S. tokenised-equity plans faced pushback and stablecoin payments gained momentum.
📊 Number of Focus: US$482 billion
Stablecoin payments reached US$482 billion in the 26, up 45% from a year earlier, even as circulating supply stayed flat. [1]
Top News:
1️⃣ Deutsche Bank targets Asia crypto custody expansion in 2027 as its German launch nears. [2]
2️⃣ South Korea moves to open bond and fund tokenisation, proposing a KRW 100m annual net-buy cap for retail OTC investment. [3]
3️⃣ Robinhood explores a tokenised actively managed ETF with T. Rowe Price. [4]
4️⃣ Multiple companies object to being part of the OKX–ICE tokenised-stock TSV plans, testing the SEC's tokenised-equity framework. [5]
What's on your radar this week?
Follow us for the latest updates on tokenisation.
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24/7 trading is coming, but the market infrastructure around it still has work to do.
At The Capital Summit × @AsiaStablecoin Conference in Singapore, Andy Lee @apwlxyz, Partner at HashKey RWA, shared his view on the shift towards around-the-clock markets.
From settlement and tal formation, key pieces still need to evolve. But the direction is clear, and 2027 could be an interesting year for tokenised markets.
At The Capital Summit × @AsiaStablecoin Conference in Singapore, Andy Lee @apwlxyz, Partner at HashKey RWA, shared his view on the shift towards around-the-clock markets.
From settlement and tal formation, key pieces still need to evolve. But the direction is clear, and 2027 could be an interesting year for tokenised markets.
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HashKey RWA | The Weekly View | October 5-11, 2026
🔝 Weekly View: Asia advanced regulated tokenisation rails while the EU kept its digital euro on a 2029 path, and private-market access moved further onchain.
📊 Number of Focus: US$2.3 billion (as of Jul 31, 2026)
The IMF's ed-stock market, with over half of trading outside the U.S. market hours. [1]
Top News:
1️⃣ Hong Kong to table a bill licensing virtual-asset dealing, custody, advisory and management services by year-end. [2]
2️⃣ ECB says the digital euro will strengthen European banks' competitiveness, targeting a 2029 launch. [3]
3️⃣ Ondo Finance launches Ondo Private Markets, bringing tokenised pre-IPO private-company exposure onchain with 24/7 trading. [4]
4️⃣ Standard Chartered's Singapore branch plans crypto, stablecoin and tokenised-RWA custody for institutional investors. [5]
What's on your radar this week?
Follow us for the latest updates on tokenisation.
🔝 Weekly View: Asia advanced regulated tokenisation rails while the EU kept its digital euro on a 2029 path, and private-market access moved further onchain.
📊 Number of Focus: US$2.3 billion (as of Jul 31, 2026)
The IMF's ed-stock market, with over half of trading outside the U.S. market hours. [1]
Top News:
1️⃣ Hong Kong to table a bill licensing virtual-asset dealing, custody, advisory and management services by year-end. [2]
2️⃣ ECB says the digital euro will strengthen European banks' competitiveness, targeting a 2029 launch. [3]
3️⃣ Ondo Finance launches Ondo Private Markets, bringing tokenised pre-IPO private-company exposure onchain with 24/7 trading. [4]
4️⃣ Standard Chartered's Singapore branch plans crypto, stablecoin and tokenised-RWA custody for institutional investors. [5]
What's on your radar this week?
Follow us for the latest updates on tokenisation.
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At The Capital Summit × @AsiaStablecoin Conference in Seoul, Andy Lee @apwlxyz, Partner at HashKey RWA, joined the discussion on “Exotic Asset Tokenization: The Asset Classes Asian Investors Will Buy Next.”
Three key takeaways from the discussion:
🇰🇷 New types of assets: conomy, including K pop and entertainment, is creating new possibilities for bringing cultural assets onchain.
🌏 From local assets to global access: With Korea’s tokenised securities framework advancing towards 2027, market participants are exploring how experiences from markets such as Hong Kong could help bring Korean assets to a broader global investor base.
🔄 Beyond issuance: Bringing assets onchain is only the beginning. How those assets are used, traded and incorporated into portfolio allocation will be equally important as the market develops.
Three key takeaways from the discussion:
🇰🇷 New types of assets: conomy, including K pop and entertainment, is creating new possibilities for bringing cultural assets onchain.
🌏 From local assets to global access: With Korea’s tokenised securities framework advancing towards 2027, market participants are exploring how experiences from markets such as Hong Kong could help bring Korean assets to a broader global investor base.
🔄 Beyond issuance: Bringing assets onchain is only the beginning. How those assets are used, traded and incorporated into portfolio allocation will be equally important as the market develops.
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A regulatory framework is only the beginning. Liquidity has to be deliberately built.
At STO Summit 2026, part of Korea Premium Weeks 2026 co-hosted by Korea’s Financial Services Commission (FSC) and Korea Exchange, HashKey RWA CEO Anna Liu delivered a keynote titled “Building rom Framework to Market”.
As Korea prepares for its Token Securities Act to take full effect in 2027, Anna highlighted that the focus needs to go beyond issuance to how money and securities actually meet on-chain from day one.
That means building the funding side and asset side together, with liquidity designed into the market from the start.
Read more panewslab.com/zh/articles/01…
At STO Summit 2026, part of Korea Premium Weeks 2026 co-hosted by Korea’s Financial Services Commission (FSC) and Korea Exchange, HashKey RWA CEO Anna Liu delivered a keynote titled “Building rom Framework to Market”.
As Korea prepares for its Token Securities Act to take full effect in 2027, Anna highlighted that the focus needs to go beyond issuance to how money and securities actually meet on-chain from day one.
That means building the funding side and asset side together, with liquidity designed into the market from the start.
Read more panewslab.com/zh/articles/01…
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HashKey RWA | The Weekly View | September 28-October 4, 2026
🔝 Weekly View: Asia led tokenisation developments this week, with progress across digital bonds, tokenised securities and stablecoin infrastructure.
📊 Number of Focus: HK$20 billion
The Hong Kong SAR Government $20 billion in digital green bonds, marking the world’s largest digital bond offering to date. [1]
Top News:
1️⃣ Hong Kong issues record HK$20 billion in digital green bonds, introducing HKD tokenised deposits for settlement. [1]
2️⃣ HSBC names its forthcoming stablecoin “HSBC RedCoin”. [2]
3️⃣ South Korea proposes expanding tokenised securities framework to stocks and bonds. [3]
4️⃣ Kakaopay Securities and Ondo partner to explore global distribution of tokenised Korean equities. [4]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
🔝 Weekly View: Asia led tokenisation developments this week, with progress across digital bonds, tokenised securities and stablecoin infrastructure.
📊 Number of Focus: HK$20 billion
The Hong Kong SAR Government $20 billion in digital green bonds, marking the world’s largest digital bond offering to date. [1]
Top News:
1️⃣ Hong Kong issues record HK$20 billion in digital green bonds, introducing HKD tokenised deposits for settlement. [1]
2️⃣ HSBC names its forthcoming stablecoin “HSBC RedCoin”. [2]
3️⃣ South Korea proposes expanding tokenised securities framework to stocks and bonds. [3]
4️⃣ Kakaopay Securities and Ondo partner to explore global distribution of tokenised Korean equities. [4]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
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At @0xEastPoint: Seoul 2026, Andy Lee @apwlxyz, Partner at HashKey RWA, joined representatives from Korea Investment Management, Hanwha Asset Management, Franklin Templeton and others to discuss the next phase of RWAs.
Andy highlighted that tokenisation is not about replacing system, but building a new financial layer alongside it. While still early, institutional participation is already growing.
Regulation is advancing too, with Korea’s new security token framework set to take effect in 2027.
We look forward to progressing with our institutional partners on what’s next.
Andy highlighted that tokenisation is not about replacing system, but building a new financial layer alongside it. While still early, institutional participation is already growing.
Regulation is advancing too, with Korea’s new security token framework set to take effect in 2027.
We look forward to progressing with our institutional partners on what’s next.
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Tokenising equities is only the first step. The bigger challenge is building the market around them.
At the Equity Tokenisations’ Next Wave: From US Stocks to the World panel at the 12th Global Blockchain Summit @festival_web3, HashKey RWA CEO Anna Liu joined representatives ork and @BlackRock to discuss the next phase of equity tokenisation.
The message is clear. Tokenisation is moving beyond issuance. The ability to connect onchain networks with traditional market infrastructure, while addressing liquidity, cost and institutional risk management, will be key to broader institutional adoption.
At the Equity Tokenisations’ Next Wave: From US Stocks to the World panel at the 12th Global Blockchain Summit @festival_web3, HashKey RWA CEO Anna Liu joined representatives ork and @BlackRock to discuss the next phase of equity tokenisation.
The message is clear. Tokenisation is moving beyond issuance. The ability to connect onchain networks with traditional market infrastructure, while addressing liquidity, cost and institutional risk management, will be key to broader institutional adoption.
🔥 LIVE at the 12th Global Blockchain Summit!
🎤 Panel Discussion: “Equity Tokenization’s Next Wave: From US Stocks to the World”
Anna Liu, CEO of @HashKeyRWA, moderates a discussion featuring Min Lin, Managing Director of Global Business Development at @Ondo; @0xThomasChou, Fdn; and Abdelhamid Bizid, Head of APAC Product Development, Active & Alternatives, and Head of Product, China, Global Product Solutions (GPS), @BlackRock.
From US stocks to global markets, the panel dives into the next wave of equity tokenization, its real-world applications, and the opportunities ahead! 🚀
🔴 Watch live👇
blockchainlabs.org/week2026/live/…
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HashKey RWA | The Weekly View | September 15-21, 2026
🔝 Weekly View: Regulation and infrastructure took centre stage this week, with major developments across Hong Kong and the U.S. shaping the next phase of tokenised finance.
📊 Number of Focus: 5
Hong Kong unveiled its first digital assets and tokenisation within its longer-term financial development strategy. [1]
Top News:
1️⃣ Hong Kong unveils its first Five-Year Plan and 2026 Policy Address, advancing tokenised markets and CBDC settlement. [1]
2️⃣ SEC issues “Innovation Exemption” to facilitate on-chain trading of tokenised U.S. stocks. [2]
3️⃣ Ondo becomes the first tokenisation platform to join DTCC’s Fund/SERV. [3]
4️⃣ European Central Bank opens merchant applications for its upcoming digital euro beta pilot. [4]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
🔝 Weekly View: Regulation and infrastructure took centre stage this week, with major developments across Hong Kong and the U.S. shaping the next phase of tokenised finance.
📊 Number of Focus: 5
Hong Kong unveiled its first digital assets and tokenisation within its longer-term financial development strategy. [1]
Top News:
1️⃣ Hong Kong unveils its first Five-Year Plan and 2026 Policy Address, advancing tokenised markets and CBDC settlement. [1]
2️⃣ SEC issues “Innovation Exemption” to facilitate on-chain trading of tokenised U.S. stocks. [2]
3️⃣ Ondo becomes the first tokenisation platform to join DTCC’s Fund/SERV. [3]
4️⃣ European Central Bank opens merchant applications for its upcoming digital euro beta pilot. [4]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
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HashKey RWA at STO Summit 2026 🇰🇷
Anna Liu, CEO of HashKey RWA, will be speaking at STO Summit 2026, an official core programme for digital assets and tokenised securities under the FSC-led Korea Premium Week 2026, taking place at the Korea Exchange (KRX) in Seoul.
Joining y market institutions and global financial leaders, Anna will share HashKey RWA’s experience in bringing tokenization frameworks into real-world market application.
🎙 Building Tokenised Securities: From Framework to Market
📅 October 2 | 15:40–16:00
Event details: sto.edaily.co.kr/sto-summit-202…
Anna Liu, CEO of HashKey RWA, will be speaking at STO Summit 2026, an official core programme for digital assets and tokenised securities under the FSC-led Korea Premium Week 2026, taking place at the Korea Exchange (KRX) in Seoul.
Joining y market institutions and global financial leaders, Anna will share HashKey RWA’s experience in bringing tokenization frameworks into real-world market application.
🎙 Building Tokenised Securities: From Framework to Market
📅 October 2 | 15:40–16:00
Event details: sto.edaily.co.kr/sto-summit-202…
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HashKey RWA | The Weekly View | September 8-14, 2026
🔝 Weekly view: Tokenisation advanced across payments and securities this week, driven by clearer regulation and growing institutional adoption.
📊 Number of focus: $304B
The total stablecoin market cap reached $304 billion, upward trend. [1]
Top News:
1️⃣ India launches Demat 2.0 pilot for tokenised corporate bonds with wholesale CBDC settlement. [2]
2️⃣ @dbsbank and @Citi partner on instant 24/7 cross-border USD payments using tokenised deposits. [3]
3️⃣ @Nasdaq invests $100 million in @krakenfx parent @Payward to advance tokenised equities infrastructure. [4]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
🔝 Weekly view: Tokenisation advanced across payments and securities this week, driven by clearer regulation and growing institutional adoption.
📊 Number of focus: $304B
The total stablecoin market cap reached $304 billion, upward trend. [1]
Top News:
1️⃣ India launches Demat 2.0 pilot for tokenised corporate bonds with wholesale CBDC settlement. [2]
2️⃣ @dbsbank and @Citi partner on instant 24/7 cross-border USD payments using tokenised deposits. [3]
3️⃣ @Nasdaq invests $100 million in @krakenfx parent @Payward to advance tokenised equities infrastructure. [4]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
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Tokenised ETFs can open new ways to access traditional assets. But new access alone won’t bring new capital on-chain.
At @etfgi's Outlook for the Asset Management and ETF Industry panel, Anna Liu, CEO of HashKey RWA, joined representatives from PwC, State Street and BSE Indices f asset management, ETFs and tokenisation.
Looking ahead, she also sees blockchain enabling small, continuous AI-generated revenue streams to be distributed at scale.
From existing assets to new types of income, tokenisation could extend what financial infrastructure makes possible. Read more panewslab.com/zh/articles/01…
At @etfgi's Outlook for the Asset Management and ETF Industry panel, Anna Liu, CEO of HashKey RWA, joined representatives from PwC, State Street and BSE Indices f asset management, ETFs and tokenisation.
Looking ahead, she also sees blockchain enabling small, continuous AI-generated revenue streams to be distributed at scale.
From existing assets to new types of income, tokenisation could extend what financial infrastructure makes possible. Read more panewslab.com/zh/articles/01…
💫 We’re heading into the final session of the day in #HongKong!
Keith Chau @PwC HK, Ahmed Ibrahim @StateStreet, Anna Liu @HashKeyRWA & Ashutosh Singh, BSE Indices, discuss "Outlook for the Asset Management and ETF Industry".
👉bit.ly/4sgq3Uq
#ETFs #AssetManagement
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❓ Is there only one way to tokenise an asset? It’s a question we get asked a lot.
The answer? Nope.
Today, the two most common approaches are native and synthetic tokenisation, each with a different structure and relationship to the underlying asset.
🔵 Native tokenisation: ectly on-chain and represents the legal share or ownership interest, making the blockchain part of the asset’s ownership infrastructure.
⚪ Synthetic tokenisation: the underlying asset remains off-chain with a custodian or intermediary, while a separate token provides economic exposure without direct legal ownership of the asset.
In simple terms:
🔵 Native = token is the asset.
⚪ Synthetic = token represents exposure to the asset.
But these aren’t the only possibilities. As the industry evolves, new tokenisation models are continuing to emerge.
Curious about how they work? Follow us for a deeper dive into the different models.
The answer? Nope.
Today, the two most common approaches are native and synthetic tokenisation, each with a different structure and relationship to the underlying asset.
🔵 Native tokenisation: ectly on-chain and represents the legal share or ownership interest, making the blockchain part of the asset’s ownership infrastructure.
⚪ Synthetic tokenisation: the underlying asset remains off-chain with a custodian or intermediary, while a separate token provides economic exposure without direct legal ownership of the asset.
In simple terms:
🔵 Native = token is the asset.
⚪ Synthetic = token represents exposure to the asset.
But these aren’t the only possibilities. As the industry evolves, new tokenisation models are continuing to emerge.
Curious about how they work? Follow us for a deeper dive into the different models.
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HashKey RWA | The Weekly View | September 1–6, 2026
🔝 Weekly view: Tokenisation advanced further into mainstream finance this week, driven by regulatory progress and growing institutional participation across Asia and the US.
📊 Number of focus: 21
21 financial institutions, a, @Citi, and @GoldmanSachs, have committed to establish a global stablecoin venture, targeting an initial USD-denominated offering in H1 2027. [1]
Top News:
1️⃣ South Korea sets roadmap to tokenise stocks, bonds and funds from 2027. [2]
2️⃣ Singapore moves to implement its stablecoin regulatory framework through legislative amendments. [3]
3️⃣ HKD stablecoin $HKDAP expands its authorised distribution network to five institutions. [4]
4️⃣ SEC proposes transfer agent rules covering blockchain-based securities recordkeeping. [5]
5️⃣ HashKey joins DTCC Digital Assets Industry Working Group as its first Asian digital asset service provider. [6]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
🔝 Weekly view: Tokenisation advanced further into mainstream finance this week, driven by regulatory progress and growing institutional participation across Asia and the US.
📊 Number of focus: 21
21 financial institutions, a, @Citi, and @GoldmanSachs, have committed to establish a global stablecoin venture, targeting an initial USD-denominated offering in H1 2027. [1]
Top News:
1️⃣ South Korea sets roadmap to tokenise stocks, bonds and funds from 2027. [2]
2️⃣ Singapore moves to implement its stablecoin regulatory framework through legislative amendments. [3]
3️⃣ HKD stablecoin $HKDAP expands its authorised distribution network to five institutions. [4]
4️⃣ SEC proposes transfer agent rules covering blockchain-based securities recordkeeping. [5]
5️⃣ HashKey joins DTCC Digital Assets Industry Working Group as its first Asian digital asset service provider. [6]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
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🎙️ Anna Liu, CEO of HashKey RWA, joined The Law Society of Hong Kong’s Annual Conference of In-House Lawyers for a discussion on the legal frontiers of tokenisation, stablecoins and digital asset regulation.
Anna shared how tokenisation is reshaping legal concepts of ownership, l intermediation. As assets move on-chain, investors can access new models of direct ownership, while atomic settlement and programmable compliance can reduce many of the frictions built into today’s financial infrastructure.
But greater efficiency does not remove the need for intermediaries. As Anna noted, their role may shift from operator to guarantor, providing the judgement, accountability and legal enforceability that technology alone cannot replace.
Anna shared how tokenisation is reshaping legal concepts of ownership, l intermediation. As assets move on-chain, investors can access new models of direct ownership, while atomic settlement and programmable compliance can reduce many of the frictions built into today’s financial infrastructure.
But greater efficiency does not remove the need for intermediaries. As Anna noted, their role may shift from operator to guarantor, providing the judgement, accountability and legal enforceability that technology alone cannot replace.
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HashKey RWA | The Weekly View | August 25-31, 2026
🔝 Weekly view: Stablecoins and tokenised assets continued to move deeper into mainstream financial infrastructure, with new developments spanning payments, bank partnerships and institutional fund distribution across Europe and s: $1 billion
Global stablecoin card spending crossed $1 billion in July, marking a record month. [1]
Top News:
1️⃣ @Revolut launches euro stablecoin $EURR across three European markets. [2]
2️⃣ Shinhan Financial Group and @Visa partner on stablecoin and future payments infrastructure. [3]
3️⃣ Franklin Templeton and @HashKeyExchange expand tokenised money market fund access in Asia. [4]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
🔝 Weekly view: Stablecoins and tokenised assets continued to move deeper into mainstream financial infrastructure, with new developments spanning payments, bank partnerships and institutional fund distribution across Europe and s: $1 billion
Global stablecoin card spending crossed $1 billion in July, marking a record month. [1]
Top News:
1️⃣ @Revolut launches euro stablecoin $EURR across three European markets. [2]
2️⃣ Shinhan Financial Group and @Visa partner on stablecoin and future payments infrastructure. [3]
3️⃣ Franklin Templeton and @HashKeyExchange expand tokenised money market fund access in Asia. [4]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
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HashKey RWA | The Weekly View | August 18-24, 2026
🔝 Weekly view: Tokenisation is moving deeper into mainstream financial markets, as regulatory clarity improves and established asset managers expand blockchain-based fund structures.
📊 Number of focus: 2.4 million
RWA holders nearly 80% from the same period last month. [1]
Top News:
1️⃣ SEC proposes Regulation Crypto Assets, including tailored offering exemptions and a conditional safe harbor. [2]
2️⃣ Shinhan Asset Management partners with @solana ecosystem firms to pilot a KRW-denominated tokenised fund. [3]
3️⃣ Franklin Templeton receives SEC no-action relief for blockchain-based recordkeeping across registered funds. [4]
4️⃣ Neuberger and @Securitize launch tokenised high-income fixed-income fund across four public blockchains. [5]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
🔝 Weekly view: Tokenisation is moving deeper into mainstream financial markets, as regulatory clarity improves and established asset managers expand blockchain-based fund structures.
📊 Number of focus: 2.4 million
RWA holders nearly 80% from the same period last month. [1]
Top News:
1️⃣ SEC proposes Regulation Crypto Assets, including tailored offering exemptions and a conditional safe harbor. [2]
2️⃣ Shinhan Asset Management partners with @solana ecosystem firms to pilot a KRW-denominated tokenised fund. [3]
3️⃣ Franklin Templeton receives SEC no-action relief for blockchain-based recordkeeping across registered funds. [4]
4️⃣ Neuberger and @Securitize launch tokenised high-income fixed-income fund across four public blockchains. [5]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
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HashKey RWA | The Weekly View | Aug 11-18, 2026
🔝 Weekly view: Regulated tokenised money and market infrastructure continued to advance, driven by institutional stablecoins, CBDC interoperability and evolving regulation.
📊 Number of focus: US$38B
Total on-chain RWA value, institutional momentum as the market approaches the US$40B milestone. [1]
Top News:
1️⃣ HKDAP launches institutional access, with @HashKeyExchange as an authorised distributor. [2]
2️⃣ Bank of England advances Digital Pound Lab Phase 2, exploring CBDC and stablecoin interoperability. [3]
3️⃣ EU considers updates to MiCA framework for non-EU stablecoin issuers. [4]
4️⃣ @tether says @KPMG_US completed its first full audit of 2025 financial statements. [5]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
🔝 Weekly view: Regulated tokenised money and market infrastructure continued to advance, driven by institutional stablecoins, CBDC interoperability and evolving regulation.
📊 Number of focus: US$38B
Total on-chain RWA value, institutional momentum as the market approaches the US$40B milestone. [1]
Top News:
1️⃣ HKDAP launches institutional access, with @HashKeyExchange as an authorised distributor. [2]
2️⃣ Bank of England advances Digital Pound Lab Phase 2, exploring CBDC and stablecoin interoperability. [3]
3️⃣ EU considers updates to MiCA framework for non-EU stablecoin issuers. [4]
4️⃣ @tether says @KPMG_US completed its first full audit of 2025 financial statements. [5]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
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HashKey RWA | The Weekly View | August 04-10, 2026
🔝 Weekly view: Tokenisation infrastructure continued to advance this week, with developments spanning regulation, capital markets, stablecoin payments and institutional liquidity.
📊 Number of focus: $38 billion
Distributed ised real-world assets, highlighting the continued growth of tokenised finance. [1]
Top News:
1️⃣ Japan’s FSA establishes dedicated Cryptocurrency and Stablecoin Division [2]
2️⃣ @DinariGlobal partners with @circle to expand tokenised stock access for U.S. investors. [3]
3️⃣ @Cloudflare rolls out stablecoin wallet for AI agents to pay for APIs and online content. [4]
4️⃣ @BlackRock expands tokenised cash platform with BSTBL OnChain Shares and BRSRV for stablecoin reserves. [5]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
🔝 Weekly view: Tokenisation infrastructure continued to advance this week, with developments spanning regulation, capital markets, stablecoin payments and institutional liquidity.
📊 Number of focus: $38 billion
Distributed ised real-world assets, highlighting the continued growth of tokenised finance. [1]
Top News:
1️⃣ Japan’s FSA establishes dedicated Cryptocurrency and Stablecoin Division [2]
2️⃣ @DinariGlobal partners with @circle to expand tokenised stock access for U.S. investors. [3]
3️⃣ @Cloudflare rolls out stablecoin wallet for AI agents to pay for APIs and online content. [4]
4️⃣ @BlackRock expands tokenised cash platform with BSTBL OnChain Shares and BRSRV for stablecoin reserves. [5]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
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🎙️ What does an end-to-end tokenisation ecosystem look like?
HashKey RWA CEO Anna Liu explains how HashKey’s four business pillars work together as a closed-loop ecosystem for institutional on-chain finance, and why programmable assets represent the next stage of tokenisation.
Watch more ↓
HashKey RWA CEO Anna Liu explains how HashKey’s four business pillars work together as a closed-loop ecosystem for institutional on-chain finance, and why programmable assets represent the next stage of tokenisation.
Watch more ↓
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HashKey RWA | The Weekly View | July 28–August 3, 2026
🔝 Weekly view: This week highlighted continued progress in the infrastructure underpinning institutional tokenisation, from policy development to market implementation.
📊 Number of focus: 41%
RWA on-chain asset holders month, marking the largest monthly increase on record. [1]
Top News:
1️⃣ South Korea plans a government-backed digital asset bill covering stablecoins and exchanges. [2]
2️⃣ 10 european banks launch RL1 blockchain network for tokenised assets. [3]
3️⃣ BIS-led Project Agorá completes a cross-border tokenised fund transfer pilot involving five central banks and 28 commercial banks. [4]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
🔝 Weekly view: This week highlighted continued progress in the infrastructure underpinning institutional tokenisation, from policy development to market implementation.
📊 Number of focus: 41%
RWA on-chain asset holders month, marking the largest monthly increase on record. [1]
Top News:
1️⃣ South Korea plans a government-backed digital asset bill covering stablecoins and exchanges. [2]
2️⃣ 10 european banks launch RL1 blockchain network for tokenised assets. [3]
3️⃣ BIS-led Project Agorá completes a cross-border tokenised fund transfer pilot involving five central banks and 28 commercial banks. [4]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
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🎙️ Why did HashKey build a dedicated tokenisation business?
HashKey RWA CEO Anna Liu explains why tokenisation is more than a technology. It is the bridge between traditional finance and onchain finance.
Built on an end-to-end approach with compliance at the centre, HashKey e infrastructure connecting primary markets, secondary markets and Web3 innovation.
HashKey RWA CEO Anna Liu explains why tokenisation is more than a technology. It is the bridge between traditional finance and onchain finance.
Built on an end-to-end approach with compliance at the centre, HashKey e infrastructure connecting primary markets, secondary markets and Web3 innovation.
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💡 What are vaults, and why do they matter?
A vault is a programmable, on-chain smart contract that executes a defined strategy and risk framework.
The smart contracts accepts virtual assets or tokenised assets, and handles on-chain execution, including deposits, accounting, d risk controls.
There has been a trend in vaults using tokenised assets. Vaults incorporate tokenised assets into broader investment strategies, while their share tokens add another layer of composability.
These vault shares can be integrated into lending markets, such as being accepted as collateral.
The development of vaults remain at an early stage. While vaults can support the next generation of asset management through leveraging better infrastructure, there has been recent discussions on how to balance technology innovation and compliance as tokenised assets is increasingly becoming part of vault strategies. [1]
We look forward to seeing how the tech evolve and supporting new compliant innovation.
A vault is a programmable, on-chain smart contract that executes a defined strategy and risk framework.
The smart contracts accepts virtual assets or tokenised assets, and handles on-chain execution, including deposits, accounting, d risk controls.
There has been a trend in vaults using tokenised assets. Vaults incorporate tokenised assets into broader investment strategies, while their share tokens add another layer of composability.
These vault shares can be integrated into lending markets, such as being accepted as collateral.
The development of vaults remain at an early stage. While vaults can support the next generation of asset management through leveraging better infrastructure, there has been recent discussions on how to balance technology innovation and compliance as tokenised assets is increasingly becoming part of vault strategies. [1]
We look forward to seeing how the tech evolve and supporting new compliant innovation.
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HashKey RWA | The Weekly View | July 21–27, 2026
🔝 Weekly view: This week highlighted the continued integration of tokenisation into mainstream financial infrastructure, from public policy and regulated market infrastructure to retail distribution channels.
📊 Number of focus: holders increased 32% month-on-month, marking the largest monthly increase on record. [1]
Top News:
1️⃣ South Korea unveils roadmap for stablecoins, CBDCs and tokenised government bonds. [2]
2️⃣ @HSBC becomes first firm approved to enter the Bank of England’s Digital Securities Sandbox. [3]
3️⃣ @krakenfx plans to expand @xStocksFi with tokenised equities from the UK, Hong Kong and South Korea. [4]
4️⃣ Samsung Wallet will add native stablecoin support, including $USDC. [5]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
🔝 Weekly view: This week highlighted the continued integration of tokenisation into mainstream financial infrastructure, from public policy and regulated market infrastructure to retail distribution channels.
📊 Number of focus: holders increased 32% month-on-month, marking the largest monthly increase on record. [1]
Top News:
1️⃣ South Korea unveils roadmap for stablecoins, CBDCs and tokenised government bonds. [2]
2️⃣ @HSBC becomes first firm approved to enter the Bank of England’s Digital Securities Sandbox. [3]
3️⃣ @krakenfx plans to expand @xStocksFi with tokenised equities from the UK, Hong Kong and South Korea. [4]
4️⃣ Samsung Wallet will add native stablecoin support, including $USDC. [5]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
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🎙️ What is changing in the tokenisation market?
HashKey RWA CEO Anna Liu discusses how the industry is moving beyond proof of concept. With live regulated products, on-chain settlement infrastructure, and institutions focused on implementation, tokenisation is entering its next phase.
Watch more ↓
HashKey RWA CEO Anna Liu discusses how the industry is moving beyond proof of concept. With live regulated products, on-chain settlement infrastructure, and institutions focused on implementation, tokenisation is entering its next phase.
Watch more ↓
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HashKey RWA | The Weekly View | July 14–20, 2026
🔝 Weekly view: New tokenised investment products, payment infrastructure, and capital market initiatives advanced across Asia, the US, and Europe.
📊 Number of focus: $35B
On-chain RWA market capitalization reached a record e number of asset holders climbed to over 1 million. [1]
Top News:
1️⃣ Lawson to test $JPYC in Japan’s first POS-linked stablecoin payment pilot. [2]
2️⃣ @The_DTCC begins first tokenised stock and Treasury production trades involving @jpmorgan, @BlackRock, and @GoldmanSachs. [3]
3️⃣ The European Central Bank (ECB) has selected 36 payment service providers for the digital euro pilot. [4]
4️⃣ UK aims to become the first major advanced economy to issue a digital sovereign bond by early 2027. [5]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
🔝 Weekly view: New tokenised investment products, payment infrastructure, and capital market initiatives advanced across Asia, the US, and Europe.
📊 Number of focus: $35B
On-chain RWA market capitalization reached a record e number of asset holders climbed to over 1 million. [1]
Top News:
1️⃣ Lawson to test $JPYC in Japan’s first POS-linked stablecoin payment pilot. [2]
2️⃣ @The_DTCC begins first tokenised stock and Treasury production trades involving @jpmorgan, @BlackRock, and @GoldmanSachs. [3]
3️⃣ The European Central Bank (ECB) has selected 36 payment service providers for the digital euro pilot. [4]
4️⃣ UK aims to become the first major advanced economy to issue a digital sovereign bond by early 2027. [5]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
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🎙️ Why are institutions choosing Hong Kong for on-chain finance?
HashKey RWA CEO Anna Liu explains why institutional adoption depends on more than technology. Legal certainty, regulatory clarity, and a mature financial ecosystem are what make Hong Kong a trusted gateway for h more ↓
HashKey RWA CEO Anna Liu explains why institutional adoption depends on more than technology. Legal certainty, regulatory clarity, and a mature financial ecosystem are what make Hong Kong a trusted gateway for h more ↓
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🎙️ What does it take to build on-chain financial infrastructure that institutions can trust?
HashKey RWA CEO Anna Liu explains that institutional adoption rests on three foundations: legal recognition of digital ownership, a mature financial ecosystem, and a clear regulatory stitutions the confidence to participate.
Watch more ↓
HashKey RWA CEO Anna Liu explains that institutional adoption rests on three foundations: legal recognition of digital ownership, a mature financial ecosystem, and a clear regulatory stitutions the confidence to participate.
Watch more ↓
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HashKey RWA | The Weekly View | July 7-13, 2026
🔝 Weekly view: Institutional tokenisation advanced across major markets, with progress in issuance, regulation and financial infrastructure.
📊 Number of focus: US$300 billion
The total stablecoin market capitalisation has 00 billion, supported by continued growth in transfer activity, active addresses and holder count. [1]
Top News:
1️⃣ @HSBC issues first digitally native structured product in Hong Kong. [2]
2️⃣ European Commission considers expanding MiCA to address tokenisation and non-EU stablecoin issuers. [3]
3️⃣ @circle secures final OCC approval for a national trust bank. [4]
4️⃣ Swift launches blockchain ledger for tokenised deposit pilot with 17 banks. [5]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
🔝 Weekly view: Institutional tokenisation advanced across major markets, with progress in issuance, regulation and financial infrastructure.
📊 Number of focus: US$300 billion
The total stablecoin market capitalisation has 00 billion, supported by continued growth in transfer activity, active addresses and holder count. [1]
Top News:
1️⃣ @HSBC issues first digitally native structured product in Hong Kong. [2]
2️⃣ European Commission considers expanding MiCA to address tokenisation and non-EU stablecoin issuers. [3]
3️⃣ @circle secures final OCC approval for a national trust bank. [4]
4️⃣ Swift launches blockchain ledger for tokenised deposit pilot with 17 banks. [5]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
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🎙️ Mic on, cameras rolling 👀
Behind the scenes with Anna Liu, CEO of HashKey RWA recording a new session with Mirae Asset Securities, discussing several key topics, including RWA, tokenisation, and the future of on chain finance.
Stay tuned for the full interview. ✨
Behind the scenes with Anna Liu, CEO of HashKey RWA recording a new session with Mirae Asset Securities, discussing several key topics, including RWA, tokenisation, and the future of on chain finance.
Stay tuned for the full interview. ✨
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💡 What are Tokenised ETFs, and why do they matter?
Tokenised ETFs are a new way to issue, settle and manage ETF ownership using blockchain infrastructure. The investment strategy remains the same, the innovation lies in how ETFs are issued, traded and settled.
Tokenised ETFs are a new way to issue, settle and manage ETF ownership using blockchain infrastructure. The investment strategy remains the same, the innovation lies in how ETFs are issued, traded and settled.
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HashKey RWA | The Weekly View | June 30-July 6, 2026
🔝 Weekly view: Institutional adoption continued to gain momentum as stablecoin infrastructure expanded in the U.S. and Hong Kong advanced DLT adoption in fixed income markets.
📊 Number of focus: 140+
140+ organisations ork, underscoring growing industry support for interoperable stablecoin infrastructure. [1]
Top News:
1️⃣ FSTB and HKMA outline the next phase of DLT adoption in Hong Kong’s fixed income market. [2]
2️⃣ @stripe, @Visa and over 140 other businesses to launch Open USD stablecoin @openstandard. [1]
3️⃣ @Securitize becomes first to debut shares on @NYSE and onchain. [3]
4️⃣ @RobinhoodApp launches its mainnet alongside 24/7 tokenised stocks and new onchain trading infrastructure. [4]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
🔝 Weekly view: Institutional adoption continued to gain momentum as stablecoin infrastructure expanded in the U.S. and Hong Kong advanced DLT adoption in fixed income markets.
📊 Number of focus: 140+
140+ organisations ork, underscoring growing industry support for interoperable stablecoin infrastructure. [1]
Top News:
1️⃣ FSTB and HKMA outline the next phase of DLT adoption in Hong Kong’s fixed income market. [2]
2️⃣ @stripe, @Visa and over 140 other businesses to launch Open USD stablecoin @openstandard. [1]
3️⃣ @Securitize becomes first to debut shares on @NYSE and onchain. [3]
4️⃣ @RobinhoodApp launches its mainnet alongside 24/7 tokenised stocks and new onchain trading infrastructure. [4]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
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🔍 Tokenised ETFs are emerging as the next frontier of digital asset innovation, bringing the benefits of blockchain infrastructure to one of the world’s most widely adopted investment products, making ETFs smarter while remaining cheaper and faster.
At the Hang Seng Investment @apwlxyz, Partner at HashKey RWA, shared three pillars for scaling ETF tokenisation:
📖 Rules: Regulation, settlement standards, and interoperability provide the foundation for institutional adoption.
⛓️ Rails: Blockchain infrastructure enabling atomic settlement, programmable compliance, borderless access, and 24/7 trading.
🤝 Resolve to move forward: Most importantly, the commitment to move from evaluation to execution. Innovation only scales when the industry is willing to take the first step.
At the Hang Seng Investment @apwlxyz, Partner at HashKey RWA, shared three pillars for scaling ETF tokenisation:
📖 Rules: Regulation, settlement standards, and interoperability provide the foundation for institutional adoption.
⛓️ Rails: Blockchain infrastructure enabling atomic settlement, programmable compliance, borderless access, and 24/7 trading.
🤝 Resolve to move forward: Most importantly, the commitment to move from evaluation to execution. Innovation only scales when the industry is willing to take the first step.
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HashKey RWA | The Weekly View | June 23-29, 2026
🔝 Weekly view: Asia advanced regulated digital money through new legislation, stablecoin launches and CBDC infrastructure initiatives.
📊 Number of focus: 944k
944k on-chain RWA holders reached a new all-time high, up 13.8% another record monthly increase. [1]
Top News:
1️⃣ @Ripple USD $RLUSD becomes available in Japan through SBI VC Trade after JFSA approval. [2]
2️⃣ SBI Group launches Japan's first trust bank-backed stablecoin, JPYSC. [3]
3️⃣ Bank of Korea advances CBDC deposit token initiative for real-world payment trials. [4]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
🔝 Weekly view: Asia advanced regulated digital money through new legislation, stablecoin launches and CBDC infrastructure initiatives.
📊 Number of focus: 944k
944k on-chain RWA holders reached a new all-time high, up 13.8% another record monthly increase. [1]
Top News:
1️⃣ @Ripple USD $RLUSD becomes available in Japan through SBI VC Trade after JFSA approval. [2]
2️⃣ SBI Group launches Japan's first trust bank-backed stablecoin, JPYSC. [3]
3️⃣ Bank of Korea advances CBDC deposit token initiative for real-world payment trials. [4]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
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🏆 HashKey RWA received the Greater Bay Area Web3 Excellence Institution Award (大灣區Web3卓越機構獎) at the 2026 Global Fixed Income & FinTech Institution Leaders Summit (2026全球固定收益與金融科技機構領袖峰會).
The award reflects growing recognition from the traditional finay RWA’s capabilities in asset tokenisation, institutional-grade on-chain infrastructure, and the integration of TradFi with Web3.
🧱 HashKey continues to expand its end-to-end RWA issuance capabilities across the full asset lifecycle. We remain committed to advancing tokenised real-world assets through secure, transparent and compliant infrastructure.
Read more m.techflowpost.com/newsletter/126…
The award reflects growing recognition from the traditional finay RWA’s capabilities in asset tokenisation, institutional-grade on-chain infrastructure, and the integration of TradFi with Web3.
🧱 HashKey continues to expand its end-to-end RWA issuance capabilities across the full asset lifecycle. We remain committed to advancing tokenised real-world assets through secure, transparent and compliant infrastructure.
Read more m.techflowpost.com/newsletter/126…
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HashKey RWA | The Weekly View | June 16-22, 2026
🔝 Weekly view: This week highlighted growing regulatory and infrastructure support for tokenisation. Hong Kong advanced wholesale CBDC infrastructure, while U.S. regulators moved closer to enabling tokenised securities and of focus: US$6.4 billion
Reported market capitalisation of tokenised public stocks. [1]
Top News:
1️⃣ HKEX and HKMA launch pilot project to enable digital payment solution for derivatives after-hours trading. [2]
2️⃣ U.S. regulators propose customer identification requirements for payment stablecoin issuers. [3]
3️⃣ @coinbase joins tokenised stock race with onchain shares and dividend payments [4]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
🔝 Weekly view: This week highlighted growing regulatory and infrastructure support for tokenisation. Hong Kong advanced wholesale CBDC infrastructure, while U.S. regulators moved closer to enabling tokenised securities and of focus: US$6.4 billion
Reported market capitalisation of tokenised public stocks. [1]
Top News:
1️⃣ HKEX and HKMA launch pilot project to enable digital payment solution for derivatives after-hours trading. [2]
2️⃣ U.S. regulators propose customer identification requirements for payment stablecoin issuers. [3]
3️⃣ @coinbase joins tokenised stock race with onchain shares and dividend payments [4]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
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HashKey RWA | The Weekly View | June 9-15, 2026
🔝 Weekly view: Asia continued to lead tokenisation adoption this week, with progress spanning digital bonds, stablecoins and tokenised commodities.
📊 Number of focus: HK$12 billion
HKMC’s inaugural public digital bond issuance, s continued push to build institutional tokenised fixed income infrastructure. [1]
Top News:
1️⃣ HKMC completes the world’s largest public digital bond issuance at HK$12bn. [1]
2️⃣ Hong Kong signals first regulated stablecoin launches could begin by mid-2026. [2]
3️⃣ KB Kookmin Bank issues $100 million blockchain based digital bond, the first foreign currency fundraising deal of its kind by a South Korean bank. [3]
4️⃣ Japan's three largest banks to jointly issue stablecoins by March 2027. [4]
5️⃣ Singapore bank DBS @dbsbank to offer tokenised physical gold to retail customers. [5]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
🔝 Weekly view: Asia continued to lead tokenisation adoption this week, with progress spanning digital bonds, stablecoins and tokenised commodities.
📊 Number of focus: HK$12 billion
HKMC’s inaugural public digital bond issuance, s continued push to build institutional tokenised fixed income infrastructure. [1]
Top News:
1️⃣ HKMC completes the world’s largest public digital bond issuance at HK$12bn. [1]
2️⃣ Hong Kong signals first regulated stablecoin launches could begin by mid-2026. [2]
3️⃣ KB Kookmin Bank issues $100 million blockchain based digital bond, the first foreign currency fundraising deal of its kind by a South Korean bank. [3]
4️⃣ Japan's three largest banks to jointly issue stablecoins by March 2027. [4]
5️⃣ Singapore bank DBS @dbsbank to offer tokenised physical gold to retail customers. [5]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
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HashKey RWA | The Weekly View | June 1-7, 2026
🔝 Weekly view: Tokenisation continued moving toward mainstream financial infrastructure, with regulatory frameworks advancing alongside growing institutional activity in tokenised deposits and stablecoin-based settlement.
📊 trillion
@Citi estimates the tokenised real-world asset market could reach US$5.5 trillion by 2030, with a bullish scenario projecting up to US$8.2 trillion. [1]
Top News:
1️⃣ HKMA launches Tokenised Bond Expert Group to advance digital bond market infrastructure, with @HashKeyGroup as one of its initial member institutions. [2]
2️⃣ @jpmorgan, @Citi and major US banks plan tokenised deposit network for 24/7 settlement. [3]
3️⃣ @stripe, @Visa and @Mastercard back new stablecoin payments platform. [4]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
🔝 Weekly view: Tokenisation continued moving toward mainstream financial infrastructure, with regulatory frameworks advancing alongside growing institutional activity in tokenised deposits and stablecoin-based settlement.
📊 trillion
@Citi estimates the tokenised real-world asset market could reach US$5.5 trillion by 2030, with a bullish scenario projecting up to US$8.2 trillion. [1]
Top News:
1️⃣ HKMA launches Tokenised Bond Expert Group to advance digital bond market infrastructure, with @HashKeyGroup as one of its initial member institutions. [2]
2️⃣ @jpmorgan, @Citi and major US banks plan tokenised deposit network for 24/7 settlement. [3]
3️⃣ @stripe, @Visa and @Mastercard back new stablecoin payments platform. [4]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
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🤖 AI Agents are creating a new economic layer that requires programmable money, real-time settlement, and machine-native financial infrastructure.
Two major trends are emerging:
1️⃣ Compliance architecture becomes more suitable for agents, with regulatory frameworks evolving ip recognition.
2️⃣ Traditional capital is gradually converging with on-chain finance through the tokenisation of assets such as Treasuries and money market funds.
Stablecoins may power payments in the Agent Economy. Tokenised RWAs may become its value layer.
Read more group.hashkey.com/en/_files/ugd/…
Two major trends are emerging:
1️⃣ Compliance architecture becomes more suitable for agents, with regulatory frameworks evolving ip recognition.
2️⃣ Traditional capital is gradually converging with on-chain finance through the tokenisation of assets such as Treasuries and money market funds.
Stablecoins may power payments in the Agent Economy. Tokenised RWAs may become its value layer.
Read more group.hashkey.com/en/_files/ugd/…
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📷 Event Recap | The Tokenisation Forge: Building the Institutional Playbook
At HashKey RWA, one question we hear often is: “I want to tokenise an asset. Can you show me how?” The reality is that we are moving beyond simply creating tokenised products. The more important the playbook look like after launch?
Together with @chainlink, @galaxyhq, and APEX Digital, we spent an afternoon with industry practitioners sharing best practices and key considerations for building and implementing institutional tokenisation strategies.
A big thank you to all our speakers and participants for making the afternoon both insightful and engaging. We look forward to seeing you at the next one.
At HashKey RWA, one question we hear often is: “I want to tokenise an asset. Can you show me how?” The reality is that we are moving beyond simply creating tokenised products. The more important the playbook look like after launch?
Together with @chainlink, @galaxyhq, and APEX Digital, we spent an afternoon with industry practitioners sharing best practices and key considerations for building and implementing institutional tokenisation strategies.
A big thank you to all our speakers and participants for making the afternoon both insightful and engaging. We look forward to seeing you at the next one.
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HashKey RWA | The Weekly View | May 25-31, 2026
🔝 Weekly view: Tokenised money continued its transition into regulated financial infrastructure this week, as institutions and governments moved from experimentation toward implementation.
📊 Number of focus: 95 nations
Global now exceeds the foreign exchange reserves of 95 nations, reaching USD 318 billion. [1]
Top News:
1️⃣ Hong Kong SFC sets framework for relevant stablecoin services by licensed platforms and corporations. [2]
2️⃣ DTCC connects tokenisation service to the Stellar (XLM) blockchain, with launch targeted for H1 2027. [3]
3️⃣ Tether and the Government of Georgia launch GEL₮, the official stablecoin of Georgia. [4]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
🔝 Weekly view: Tokenised money continued its transition into regulated financial infrastructure this week, as institutions and governments moved from experimentation toward implementation.
📊 Number of focus: 95 nations
Global now exceeds the foreign exchange reserves of 95 nations, reaching USD 318 billion. [1]
Top News:
1️⃣ Hong Kong SFC sets framework for relevant stablecoin services by licensed platforms and corporations. [2]
2️⃣ DTCC connects tokenisation service to the Stellar (XLM) blockchain, with launch targeted for H1 2027. [3]
3️⃣ Tether and the Government of Georgia launch GEL₮, the official stablecoin of Georgia. [4]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
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📢 The Tokenisation Forge: Building the Institutional Playbook
A closed-door institutional workshop hosted by HashKey RWA, @chainlink, @galaxyhq and APEX Digital, bringing together financial institutions, asset managers, and digital asset leaders to discuss the next phase of nce and RWA adoption in Asia.
📍 28 May, Hong Kong
Luma: luma.com/ybl0azk8
Invite-only.
A closed-door institutional workshop hosted by HashKey RWA, @chainlink, @galaxyhq and APEX Digital, bringing together financial institutions, asset managers, and digital asset leaders to discuss the next phase of nce and RWA adoption in Asia.
📍 28 May, Hong Kong
Luma: luma.com/ybl0azk8
Invite-only.
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📷 Panel Recap | At Agentic Finance: When AI Starts Reshaping Capital Infrastructure hosted by @monad, Wang Puyu, Partner at HashKey RWA, joined leaders from Ant Fortune @AntGroup, @DigiFTTech, @StepFun_ai, and @UniFi_Labs for the panel “Agentic Finance Technology Stack and r key takeaway from the panel is that financial products have evolved over the past decade. New technological infrastructure is a catalyst for changing how assets are issued and distributed. Combined with AI agents, how humans make decisions will also likely be reshaped. We look forward to building for the next decade.
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📷 Panel Recap | At the FIX Trading Summit 2026, Andy Lee @apwlxyz, Partner at HashKey RWA, joined leaders from @The_DTCC, @Nasdaq, @digitalasset, and @Solidus_Labs to discuss tokenization and the new market structure
During the panel, Andy shared perspectives on Hong Kong’s mework for tokenised assets, the rise of regulated secondary markets, and why interoperability, compliance, and settlement infrastructure will define the next phase of institutional tokenisation adoption.
During the panel, Andy shared perspectives on Hong Kong’s mework for tokenised assets, the rise of regulated secondary markets, and why interoperability, compliance, and settlement infrastructure will define the next phase of institutional tokenisation adoption.
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The Agent Economy needs machine-readable assets.
In our latest whitepaper released at Web3 Festival 2026, we examine how AI agents, on-chain finance, and tokenisation are reshaping value creation and global economic coordination.
As autonomous systems begin participating in enisation becomes the bridge that transforms real-world assets into programmable financial infrastructure.
Read the full whitepaper: group.hashkey.com/en/_files/ugd/…
In our latest whitepaper released at Web3 Festival 2026, we examine how AI agents, on-chain finance, and tokenisation are reshaping value creation and global economic coordination.
As autonomous systems begin participating in enisation becomes the bridge that transforms real-world assets into programmable financial infrastructure.
Read the full whitepaper: group.hashkey.com/en/_files/ugd/…
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📷 Panel Recap | At @Conflux_Network Digital Finance & Ecosystem Conference, Andy Lee @apwlxyz, Partner at HashKey RWA, joined the discussion on Hong Kong’s evolving digital asset ecosystem and the infrastructure needed for institutional adoption.
The panel explored compliant tokelaboration, and the role of regulated on-chain finance in the next phase of capital markets.
The panel explored compliant tokelaboration, and the role of regulated on-chain finance in the next phase of capital markets.
We’re sharing some photos from Day 1 of our Conflux Digital Finance & Ecosystem Conference in Hong Kong 🇭🇰
Stay tuned for more!
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What does the institutional adoption path for tokenisation actually look like?
At @money2020 Asia, Anna Liu, CEO of HashKey RWA, shared her framework on tokenisation models, asset sequencing, infrastructure design, and programmability. Watch the clip 👇
At @money2020 Asia, Anna Liu, CEO of HashKey RWA, shared her framework on tokenisation models, asset sequencing, infrastructure design, and programmability. Watch the clip 👇
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As pioneers in tokenization, we have learnt a lot of hard lessons. On stage at @money2020 Asia in Bangkok, HashKey RWA CEO Anna Liu shared the 4 lessons we learnt on institutional tokenisation.
The short answer: tokenisation is not just about putting assets on-chain. It’s about smart contract programmability.
The short answer: tokenisation is not just about putting assets on-chain. It’s about smart contract programmability.
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HashKey RWA | The Weekly View | May 5-May 11, 2026
🔝 Weekly view: A lot of announcements came out of @consensus2026 Miami, especially in tokenisation. As institutional adoption continues to grow, infrastructure will be a key success factor. Additionally, clear regulatory nt support will be crucial to future development, both of which saw positive momentum over the past week.
📊 Number of focus: $321B
US$321B stablecoin market cap, reaching a new all-time high in April and reinforcing stablecoins as the core settlement layer for tokenised finance. [1]
Top News:
1️⃣ Japan explores tokenised government bonds with 24/7 trading infrastructure. [2]
2️⃣ DTCC targets July 2026 launch for limited production trading of tokenised RWAs. [3]
3️⃣ State Street and Galaxy launch SWEEP tokenised liquidity fund. [4]
4️⃣ Brazil central bank proposes restrictions on stablecoin use for cross-border settlement. [5]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
🔝 Weekly view: A lot of announcements came out of @consensus2026 Miami, especially in tokenisation. As institutional adoption continues to grow, infrastructure will be a key success factor. Additionally, clear regulatory nt support will be crucial to future development, both of which saw positive momentum over the past week.
📊 Number of focus: $321B
US$321B stablecoin market cap, reaching a new all-time high in April and reinforcing stablecoins as the core settlement layer for tokenised finance. [1]
Top News:
1️⃣ Japan explores tokenised government bonds with 24/7 trading infrastructure. [2]
2️⃣ DTCC targets July 2026 launch for limited production trading of tokenised RWAs. [3]
3️⃣ State Street and Galaxy launch SWEEP tokenised liquidity fund. [4]
4️⃣ Brazil central bank proposes restrictions on stablecoin use for cross-border settlement. [5]
What’s on your radar this week?
Follow us for the latest updates on tokenisation.
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