Conversation with CSOP Asset Management CIO Wang Yi: How is Hong Kong's Largest ETF Issuer Entering the RWA Space? SK Hynix's strong rise during the AI cycle has propelled CSOP's '2x Long SK Hynix' ETF into the spotlight. But beyond ETFs, Hong Kong's largest ETF issuer is quietly advancing another initiative—putting funds on-chain. In this exclusive interview, CSOP CIO Wang Yi breaks down the logic behind Hong Kong's first tokenized HKD money market fund: Why choose Ethereum? How do tokenized fund subscriptions and redemptions differ from traditional funds? How do Web3 wallets and licensed platforms play a role in compliant distribution? And how does Hong Kong's RWA approach fundamentally differ from that of the West? Video Timeline 00:01:00 Why launch the first tokenized product now? 00:03:30 Why start with an HKD money market fund instead of stocks or bonds? 00:08:50 How do tokenized funds work? What’s different about subscriptions, redemptions, and returns compared to traditional funds? 00:10:45 The role of Web3 wallets, compliant distribution, and licensed trading platforms 00:12:00 Why choose Ethereum and ERC-20? 00:15:30 Will tokenized funds open to secondary markets and retail users in the future? 00:18:50 Can redemptions achieve 24/7 availability? What are the backend limitations of traditional funds? 00:20:00 Why are Hong Kong financial institutions accelerating their entry into RWA? 00:28:00 How does Hong Kong's RWA market differ from the Western approach? 00:30:50 Can HKD stablecoins become the gateway for RWA transactions? 00:34:00 How will tokenized products impact settlement cycles, liquidity, and TradFi/DeFi connectivity? 00:41:30 Shifting investment themes: AI CAPEX, semiconductors, and global capital flows 00:58:50 What’s the outlook on the sustainability of AI tech stocks?