Foresight News reported that Zhang Yinghua, Chief Institutional Business Officer (CIBO) of Hong Kong digital asset company OSL, stated that recent reports from several major financial institutions predict that the asset management scale of tokenized Real World Assets (RWA) could exceed $600 billion by 2030, growing approximately 50 times from the current level. With its mature financial system and innovative policies, Hong Kong has the potential to become a global RWA tokenization hub. Currently, Hong Kong is exploring blockchain-based platforms through the 'Ensemble' project. OSL is also participating in the Hong Kong Monetary Authority's Ensemble sandbox to conduct a proof of concept for distributing Franklin Templeton's on-chain financial products (including money market fund tokens), while also participating in a new project within the Ensemble project by the asset management company Huaxia Fund (Hong Kong) Limited to conduct forward-looking exploration for the deep integration of the digital asset financial ecosystem.
Foresight News previously reported that Zhang Yinghua disclosed during the 'Liquidity and Ownership of Stablecoins and Tokenized Capital Markets' panel discussion at the Hong Kong FinTech Week (HKFTW) that RWA will be the focus of OSL's future development strategy, aiming to tokenize more different types of asset classes.