Recently, I have been monitoring the financial trends of the RWA sector in Hong Kong It has been discovered that the funding side of established institutions has begun to substantially decline For example, in the latest move by @ HashKeyGroup, Guotai Junan has directly turned traditional money market funds in US dollars and Hong Kong dollars into on chain assets, launching GUSDT and GHKDT Given the recent instability of the market, many people are hesitating whether to buy at the bottom or cut at the bottom. In an environment with extremely poor odds, they have already outperformed most people by switching their positions to stablecoins and eating risk-free interest If it were in the past, I wouldn't have been sensitive to "national brands" like Guotai, but I happened to have a friend working inside and found out that some of the tricks inside are quite good. Now, after the company's reform, there have been many changes. Traditional securities firms have begun to try to implement mature money market funds on the chain under the compliance window in Hong Kong For example, starting at $10, zero subscription fee, T+1 liquidity This provides a relatively certain safe haven pool for high-frequency interactions on the chain (such as raising black slaves) and stable funds - attacking when the market is good, and making funds linked to Guotai Junan's bottom capital during periods of volatility to earn traditional currency market returns Why now? Because RWA has finally started to have some practical implementation cases from the PPT stage recently, Chinese securities firms are also taking advantage of the compliance environment in Hong Kong to try to truly push these products onto the chain This is reshaping the underlying logic of asset management for Web3 users: idle funds are no longer limited to simply holding USDT/USDC, but have an additional deterministic cash management tool endorsed by licensed securities firms DYOR， Those interested can study in detail on HashKey Wealth Management Channel