Hong Kong RWA is expected to rise up, leading Chinese securities firms will step down Recently, there was an unexpected discovery about Hong Kong RWA. The top brokerage Guotai Junan has made a new move: it has joined forces with HashKey to integrate the US dollar/Hong Kong dollar currency fund into the blockchain to become GUSDT/GHKDT. I think this is not just the logic of listing two simple interest bearing currencies, but the true integration of Web3 and traditional finance, while sending a strong signal that the path of Hong Kong RWA has been opened, This type of asset, endorsed by top licensed institutions and deployed on HashKey Chain, is establishing a new trust protocol From HashKey's recently released RWA plan, I have noticed a trend: Hong Kong's RWA has shifted from concept PPT hype to practical infrastructure construction. Previously, people talked more about RWA as a gimmick similar to on chain property certificates. Now, there is a noticeable difference - licensed institutions like Guotai Junan, the "big brother" of Chinese securities firms, have entered the market and tokenized currency fund assets, essentially laying a compliant foundation for RWA Think about it, money market funds were originally cash management tools in traditional finance. Now, putting them on the HashKey chain can not only maintain the flexibility of T+0 redemption, but also automatically execute income distribution through smart contracts, which is the maximization of advantages (currently, GUSDT/GHKDT provides extremely low financial threshold, $10, 0 subscription fee) The second secure and high-quality underlying wealth management product logic Many people have experienced the underlying assets of on chain wealth management being unanchored or even zeroed out, and their wealth management being stolen ， Stability and safety are the most important things for most people Some people may think that this has nothing to do with me? ——If you are a Web3 user, in the past, you either put your money in Yu'ebao or a bank with low returns, or put it in USDT with little return and had to worry about depreciation. Comparing with GHKDT/GUSDT, its advantages are highlighted. It is a currency fund directly anchored to Guotai Junan (which is a sovereign level credit+licensed coupon merchant endorsement), which can not only receive Guotai Junan's currency fund returns (annualized 4% -5%), but also be redeemed at any time. For those who are averse to risk, this return is not as good as a bicycle In fact, it can be seen that the ambition of this move goes far beyond simply managing finances and earning interest On the one hand, Hong Kong's regulatory policies towards web3 are becoming clearer, and on the other hand, traditional financial institutions are actively seeking digital transformation Chinese securities firms are taking advantage of the Hong Kong policy window to grasp future trends. As retail investors become accustomed to saving small change in HashKey to earn money from money market funds, I don't think it will be too far in the future for RWA bonds and stocks Guotai Junan's layout this time is not simply selling funds on the chain, but building the future of infrastructure - it can show the potential for on chain transformation to traditional finance and the possibility of compliant financial management to Web3 users. Of course, HashKey's RWA infrastructure is the underlying foundation supporting this future As more and more Chinese securities firms join and more compliant assets are put on the blockchain, Hong Kong's RWA ecosystem may become a connector for global digital finance - connecting the stability of TradFi and the activity of Web3, complementing each other's advantages @HashKeyGroup