4April21,HashKey RWA CEO Anna Liudelivered a keynote speech titled “2026 Web3 FestivalRWA: The Ultimate Q&A: Starting Here”at the main venue of the. She stated: “RWAis not a single product innovation, but a natural extension of financial infrastructure.”
Anna points out that each evolution of financial infrastructure has typically not occurred because the old system failed, but because new technologies have made possible what was previously unachievable. Distributed ledger technology is enabling such a new possibility: allowing the issuance, transfer, settlement, and ownership recording of assets to be completed on a single open, transparent, and programmable infrastructure. She emphasizes that this is not a disruption of the traditional financial system, but an extension driven by new technologies.
As this infrastructure gradually takes shape, global regulatory frameworks for tokenized assets are also accelerating, providing a clearer path for industry development. The latest example of this trend is the Hong Kong Securities and Futures Commission’s announcement on4th20th Anna noted that as rules become clearer, industry focus is shifting from “whether entry is possible” to “how to issue efficiently” and “whether there is sufficient market capacity to absorb,” with issuance capability and liquidity absorption capacity becoming key thresholds for RWA project deployment.
Anna further pointed out that RWA issuance is inherently a systemic project involving multiple stages—including asset selection, legal structuring, on-chain issuance, distribution and circulation, and ongoing management—where the absence of any single component makes it difficult to establish a sustainable market. Based on practical experience from multiple real-world projects,HashKey has developed a comprehensive, end-to-end issuance solution covering the entire RWA lifecycle, centered on five core capabilities:
1. Design of a compliant issuance framework: First, define the asset structure and token rights, then align with cross-border regulatory requirements to establish a compliant framework before proceeding with technical design.
2. On-chain technical support: Leveraging HashKey Chain, rules such as KYC/AML, investor suitability, and transfer restrictions are encoded into smart contracts to enable automated compliance enforcement;
3. End-to-end issuance services: Comprehensive support throughout the process, including due diligence, rights verification, token issuance, and subscription;
4. Trading and Liquidity Management: Continuously enhance the synergy between primary issuances and secondary market liquidity through licensed trading platforms and distribution networks;
5. Disclosure and Ongoing Monitoring: Enable on-chain updates of asset data and standardized disclosure to support full lifecycle management of projects.
Anna stated that the five capabilities above have been validated in real markets. In the future, this system will not only serve Hong Kong-based asset issuers but also extend to institutional investors across Asia-Pacific and global financial institutions, becoming a vital infrastructure connecting different markets.