01 Chess Game of Two Cities: 16 Trillion Cake and Misaligned Competition
When Boston Consulting threw outthe prediction that global tokenized assets will reach 16 trillion dollars by 2030, the two major financial centers in Asia have already launched entirely different RWA (Real World Assets tokenization) paths:
- Hong Kong's physical anchor point: 9,000 charging piles under Lanxin Technology issued through Ant Chain's revenue rights certificates, reducing financing costs for small and medium operators from 15% annually to 6.8%
- Singapore's financial gene: BlackRockBUIDL fund issued tokenized government bonds on Ethereum, with 75 wealthy individuals owning 93% of shares, with a minimum subscription threshold of 5 million dollars
The essence of this race is a battle for financial discourse power.In 2024, Singapore's wealth management scale surged by 42%, attracting Goldman Sachs and Citigroup to establish RWA centers; Hong Kong then launched a combination punch: the "Stablecoin Regulation" effective August 1st allows commercial paper reserves, with Web3 concept stocks like Boyaa Interactive soaring 7% in a single day.
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