Dr. Yu Jianing Discusses Transformative RWA Tokenization in the Web3.0 Era at Asia-Pacific RWA Tokenization Platform Summit

On November 17, 2023, the Asia Pacific RWA Tokenization Platform Summit, co-hosted by ChainUp, SGTOX, and Alibaba Cloud, is currently underway at the Sands Expo Convention Centre in Singapore. The event has attracted notable businesses and institutional experts from Singapore and the surrounding regions. Its purpose is to discuss the integration of Traditional Finance (TradFi) and Decentralized Finance (DeFi), as well as the latest developments in the tokenization of real-world assets.
During his speech at the summit, Dr. Yu Jianing, founder and dean of UWEB, shared insights on RWA Tokenization. He stated that financial giants are rapidly advancing the tokenization of real assets, presenting significant opportunities for investors. This phenomenon is evident in three main aspects: Firstly, RWA tokenization leverages blockchain and smart contract technologies to make tangible assets divisible and tradable. This could change the game for DeFi systems by infusing them with more quality assets and pushing DeFi towards mainstream adoption. Secondly, RWA tokenization is set to bring positive changes to the financial system. It lowers financial barriers, allowing more people to participate in the market, enhances the liquidity of traditional assets, and strengthens the connection between the real and digital worlds, enabling global issuance and circulation of assets. Thirdly, Singapore and the Hong Kong Special Administrative Region's support for asset tokenization and security tokens provides a solid foundation for RWA Tokenization. This opportunity will lead the financial industry into a new phase, creating an emerging market worth over 10 trillion USD.