Former Hong Kong Stock Exchange CEO: Tokenization cannot reduce the risks of underlying real-world assets

SmartContractAuditor · 2026-03-06T13:45:57+00:00

Li Xiaojia responds to DiGuanTong's RWA tokenization plan, stating that there is currently no demand and that tokenization does not help reduce asset risk. He categorizes virtual asset investors into five types, reflecting the diversity of market participants.

SmartContractAuditor

2026-03-06 13:45:57

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Odaily Planet Daily reports that Li Xiaojia, former CEO of the Hong Kong Stock Exchange, one of the founders and chairman of Digan Tong, responded to the initiation of private equity fund procedures by stating that they may follow the new regulatory rules issued by the China Securities Regulatory Commission in February this year to pioneer the “sampling” of real-world assets (RWA) tokenization in the market. He said that Digan Tong currently has no demand for RWA tokenization and sees no need to issue RWA tokens, as tokenization cannot reduce the risks of underlying real-world assets. Li Xiaojia also categorized virtual asset investors into five types: the first are early entrants, the second are mid-term entrants, the third are traditional financial institutions, the fourth are traditional finance professionals with decentralized principles, and the fifth are what people commonly call “retail investors.” (Caixin)

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