Taiping Reinsurance CEO in Hong Kong, Zhou Chenggang: RWA is Not Just "Moving Assets onto the Chain," Still Inseparable from the Traditional Financial System

BlockBeats News, August 29th - At the "AI × New Finance - Innovation Global Tour · Hong Kong Stop and Long River Star Program Launch Event," Zhou Chenggang, CEO and Executive Director of China Taiping Investment Management (Hong Kong) Co., Ltd., stated that RWAs have a fundamental difference from on-chain native assets such as Bitcoin. The Token of an RWA is not an asset itself but an on-chain representation of off-chain real assets.

Therefore, RWAs do not detach from the traditional financial system purely by being on-chain. Zhou Chenggang pointed out that aspects such as establishing and enforcing asset rights, determining liability in case of asset loss, and ensuring continuous information disclosure still require support from the traditional financial and legal systems. Web3 is more likely to transform certain parts of finance rather than completely overturning traditional finance.