🔹 The regulatory momentum is building strong foundations.
Sean McHugh shared that VARA officials detailed Dubai’s ambitious vision as a crypto hub, with 30 virtual assets already licensed as part of their plan to double GDP by 2033. This regulatory clarity extends to Hong Kong, where HKMA’s digital bond schemes are paving the way for innovation.
🔹 Innovation in RWAs is flourishing across sectors.
Jakob Kronbichler highlighted how tokenized T-bills have found strong product-market fit, particularly for crypto companies seeking off-ramping solutions. He emphasized that future RWA developments will focus on liquid products enabling 24/7 transactions. Building on this, Aaron Gwak brought crucial perspectives on consumer protection in funds and bonds, while addressing the important distinction between access and eligibility in fractional ownership.
🔹 The infrastructure supporting these developments continues to mature.
Yam Ki Chan from Circle shared impressive metrics: USDC has reached a 56B market cap with 20T dollars in on-chain transactions. Their Cross-Chain Transfer Protocol (CCTP) is actively solving blockchain fragmentation across 16 chains, marking a significant step toward interoperability.
Looking ahead to 2025, the panel discussed the era of regulated stablecoins, with Japan leading the charge followed by Europe. The industry is innovatively combining crypto-native yield with traditional products, as panelists noted successful cases like the $2B Bank of Indonesia initiative
