Wu said that according to the Sing Tao Daily, HashKey Group Chief Operating Officer Weng Xiaoqi said that he plans to apply for virtual asset licenses in other parts of the world to attract more overseas retail investors, and will announce new progress in April. The institutional market will be the focus of this year's business. It is preparing for a virtual asset spot ETF with multiple funds, hoping to realize the RWA project within half a year, and it is expected that a security token (STO) will be launched in the second quarter.