Dr. Xiao Feng from HashKey Group: Standing at the starting point of the second growth curve, the Web3 industry will shift from digital native to digital twin At the HashKey Exchange "New Horizon 4th Salon" held in Hong Kong today, Dr. Xiao Feng, Chairman and CEO of HashKey Group, delivered an opening speech, sharing his profound insights into the evolving trends of the virtual asset industry. He pointed out that the virtual asset industry has entered the second growth curve stage, and the industry focus is shifting from "digital native" represented by Bitcoin to "digital twins" represented by stablecoins and asset tokenization. Digital twins are the biggest innovation of distributed ledgers, and stablecoins and asset tokenization are the two most representative forms. He stated that stablecoins are essentially the tokenization of currency, possessing both legal and technological attributes, and are currently the "best currency" created. They will become an important component of the future global financial system. In this process, compliant exchanges like HashKey Exchange have basic capabilities such as regulatory compliance, asset custody, and clearing and settlement, making them naturally suitable for undertaking the landing of digital twin businesses and becoming the hub of global virtual assets.