Binance co-founder Changpeng Zhao backed Hong Kong as a potential Web3 and real-world asset hub at an August 27 book meeting in Exchange Square, Central, citing its financial-center status, mainland talent links and institutional relationships. He said tokenized securities and other RWAs could become a major Web3 direction, while noting that stablecoins place claims linked to fiat currencies on blockchains. Hong Kong’s Securities and Futures Commission said thirteen tokenized products were offered to the public as of March 2026, and the Hong Kong Monetary Authority’s EnsembleTX pilot is running real-value trades involving tokenized deposits, funds and bonds through 2026. Zhao also said easing U.S. regulatory pressure may accelerate DEX growth, including platforms such as Hyperliquid. At Bitcoin Asia 2026, he said tokenized U.S. stocks could help Asian investors overcome brokerage and time-zone barriers, potentially bring new users to crypto platforms and gradually expand Bitcoin ownership, although he said the Bitcoin blockchain itself is not especially suited to tokenization.