https://www.scmp.com/rss/514893/feed Lily Z. King is chief operating officer of Cobo, a leading global crypto custodian service provider and blockchain infrastructure developer. She is licensed to practice law in both the US and China. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Lily Z. King Lily Z. King When BlackRock’s chairman Larry Fink declared in his annual letter that “every stock, every bond, every fund – every asset – can be tokenised”, he wasn’t forecasting some distant revolution. He was describing a shift already under way – one that is beginning to reshape how capital is formed, how assets are distributed and who gets access to financial opportunity. At the centre of this transformation is a once-niche concept rapidly entering the mainstream: tokenised real-world assets (RWAs).... https://www.scmp.com/opinion/hong-kong-opinion/article/3316465/how-hong-kong-can-win-race-become-worlds-tokenisation-hub?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3316465/how-hong-kong-can-win-race-become-worlds-tokenisation-hub?utm_source=rss_feed Thu, 03 Jul 2025 01:30:09 +0000 Lily Z. King Lily Z. King In recent months, the global financial system has seen seismic shifts that underscore the rising relevance of digital assets. US spot bitcoin ETFs, exchange-traded funds that allow people to invest indirectly in bitcoin, have seen explosive growth to more than US$120 billion in assets, reflecting a dramatic shift in investor behaviour. Stablecoin transactions, meanwhile, surged to over US$27 trillion last year, eclipsing the total for Visa and Mastercard. In Asia, Hong Kong has emerged as a... https://www.scmp.com/opinion/hong-kong-opinion/article/3310717/cryptocurrencies-are-emerging-digital-gold-shaky-world-economy?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3310717/cryptocurrencies-are-emerging-digital-gold-shaky-world-economy?utm_source=rss_feed Tue, 20 May 2025 08:30:07 +0000 Lily Z. King Lily Z. King Hong Kong’s ambition to become a global hub for digital assets has been unequivocal. The government’s diligent efforts to foster a conducive ecosystem for digital assets underpin its broader vision to remain financially competitive on the international stage. But the recent debacle of JPEX, a Hong Kong-based cryptocurrency exchange, has stirred the waters of Hong Kong’s rapidly growing cryptocurrency sector. In mid-September, JPEX introduced sky-high withdrawal fees, effectively restricting... https://www.scmp.com/comment/opinion/article/3236647/why-jpex-scandal-wont-derail-hong-kongs-cryptocurrency-ambitions?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3236647/why-jpex-scandal-wont-derail-hong-kongs-cryptocurrency-ambitions?utm_source=rss_feed Wed, 04 Oct 2023 21:30:09 +0000 Lily Z. King Lily Z. King Generative AI has been making headlines in the past few months with impressive breakthroughs and applications, such as AI-powered chatbot ChatGPT and image generators Stable Diffusion and Midjourney. While generative AI is attracting much attention from the public and investment from the tech industry, cryptocurrency is losing its momentum and appeal. Some venture capital investors have changed their profile taglines from “all in on crypto” to “all in on AI”. However, the potential convergence... https://www.scmp.com/comment/opinion/article/3219371/how-ai-and-cryptocurrency-can-work-together-realise-web3s-potential?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3219371/how-ai-and-cryptocurrency-can-work-together-realise-web3s-potential?utm_source=rss_feed Fri, 05 May 2023 16:30:09 +0000 Lily Z. King Lily Z. King The Hong Kong Monetary Authority recently published a paper on the regulation of stablecoin-related activity. This was in line with Hong Kong’s strategy to bridge next-generation digital assets with its well-established traditional finance ecosystem, the city’s key advantage in becoming a Web3 hub. Regulations on stablecoin come as no surprise, given Hong Kong’s steady progress towards a clear and comprehensive framework. But being a global financial centre with sophisticated regulation is not... https://www.scmp.com/comment/opinion/article/3210094/hong-kong-become-worlds-web3-hub-regulation-not-enough?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3210094/hong-kong-become-worlds-web3-hub-regulation-not-enough?utm_source=rss_feed Wed, 15 Feb 2023 07:45:10 +0000