Former Hong Kong Stock Exchange CEO Li Xiaojia: Tokenization cannot reduce the risks of underlying real-world assets

Gate News reports that on March 6, former Hong Kong Stock Exchange CEO and one of the founders and chairman of滴灌通, Li Xiaojia, responded to market rumors that滴灌通 would initiate private fund procedures and potentially lead the way in tokenizing real-world assets (RWA). Li Xiaojia clearly stated that滴灌通 currently has no demand for RWA tokenization and sees no need to issue RWA tokens. He explained that tokenization cannot reduce the risks of underlying real-world assets, and on-chain funding is extremely limited. In the short term, there is no necessity to pursue RWA tokenization to attract on-chain capital. Additionally, Li Xiaojia categorized virtual asset investors into five groups: the first are early entrants, the second are mid-term participants, the third are traditional financial institutions, the fourth are traditional finance professionals with decentralized principles, and the fifth are commonly referred to as “leeks” (retail investors).

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