In a latest development, Hong Kong may consider exploring gold tokenization and AI-blockchain integration to innovate the digital economy and stimulate the digital economy.
The largest cryptocurrency and web3.0 event in the world, the consensus conference, began on the 18th in Hong Kong. This is in particular the first time in five years that the event has been held outside the United States. Hong Kong’s Financial Services and Treasury Bureau Director, XU Zhengyu, revealed that the city is investigating Goudtokenization and promotes digital financing to encourage participation in the real economy.
At the consensus conference, XU Zhengyu emphasized the growing role of Hong Kong in the virtual asset market, so that exciting developments were the future of finance the future.
He revealed that Hong Kong is investigating gold tokenization, which combines physical gold with blockchain technology to offer investors more flexibility and safety, aimed at revolutionizing the financial market. In addition, the city insists on digital finances to integrate more with the real economy, including supporting cross -border payments. Another important trend is the merger of AI with blockchain and web3 technologies, which strengthens the digital infrastructure of Hong Kong for the future.
In an interview with a newspaper in Hong Kong, Michael Lau, chairman of Consensus Hong Kong, explained that the frequent capital in Asia and the proximity of Hong Kong to many large Asian markets made the perfect choice for this year’s conference. He emphasized that the clear regulatory framework of Hong Kong and talented workforce offer a considerable potential for growth in digital assets and web3.0.
The three-day event is set to draw 8,000 worldwide participants from the Cryptocurrency, Blockchain and Web3.0 sectors, all of which come together to explore the future of the virtual asset industry.