Odaily Planet Daily News: Li Ziqi, Senior Director of the Investment Products Department of the Hong Kong Securities Regulatory Commission, said that tokenized deposits are an important cornerstone of the entire tokenized ecosystem. It is expected that when the virtual asset market matures, the next step will be to promote the opening of secondary market transactions and the use of fund units as collateral to improve the efficiency of the market's use of capital, and ultimately promote the widespread use of tokenized assets in the traditional securities market. Li Ziqi pointed out that financial market activities are complex, and to achieve a perfect tokenized ecosystem, many challenges need to be overcome, such as whether ownership can be ensured to be recorded in real time and accurately, tokenized arbitrage activities and fairness. Li Dak-chi, Deputy Chief Executive of the Hong Kong Monetary Authority, said that the HKMA has assisted the government in issuing tokenized green bonds, but the issuance process is not fully tokenized. It is expected that through the Ensemble project sandbox, a financial infrastructure platform will be established to help financial institutions complete end-to-end tokenized transactions, and to help real assets that have been difficult to finance in the past become digital assets that are easier to trade, such as the ownership of charging piles.