On August 27, Binance founder Zhao Changpeng shared his thoughts on the future of the crypto finance industry at the 'Hong Kong Crypto Finance Forum' from five dimensions: stablecoins, RWA (tokenization of real-world assets), decentralized exchanges, crypto asset treasury (DAT), and the integration of AI and Web3:
- **Stablecoins**: Initially, there was a prototype of 'Colored Coins' technology; in 2017, Binance supported USDT to promote its development. The business model of stablecoins is simple, aiding in the globalization of the US dollar, with many countries showing strong interest in 'tokenizing their national fiat currency as stablecoins'. The US has also reinforced the status of the dollar through legislation.
- **RWA**: Facing the triple challenges of liquidity, regulation, and product mechanisms, but stablecoins have validated the feasibility of tokenizing financial assets. If the US promotes stock tokenization, it will strengthen global financial dominance, and other countries need to seize the 'golden window period' for layout.
- **Exchanges**: Decentralized exchanges will surpass centralized ones in the future, and Hong Kong needs to seize this opportunity.
- **DAT**: By 'stocking digital currencies', traditional investors can conveniently participate in crypto investments, with various operational models for listed companies. Binance often participates as a 'small supporter', tending to focus on projects with single assets to reduce operational costs and risks.
- **Integration of AI and Web3**: The development of AI requires massive funding and needs to explore new financing paths through Web3; AI should become a public good, moving towards open source and decentralization; the integration of the two will lead to exponential growth in blockchain transaction volume, but currently, many 'AI agents' in the Web3 field are still considered 'pseudo products'.
