Odaily News At the Chainlink 2024 Hong Kong SmartCon conference with the theme of "Integrating Blockchain and Traditional Finance", a number of traditional financial institutions that are actively exploring the deep integration of digital assets and on-chain finance expressed many insights at the SmartCon event. Among them, Emma Pecenicic, head of digital distribution and partnerships for Asia Pacific at Fidelity International, said at the roundtable forum on the future of asset management, "We have two sales models, namely customer-led and distribution-led. First, our cryptocurrency companies purchase tokenized funds through crypto exchanges or tokenization platforms; because there are still about $40 billion in assets on the chain that have not generated any income, this is why we purchase tokenized funds; in addition, the current market value of stablecoins is about $180 billion, and more regulatory frameworks are needed around stablecoins, and stablecoin issuers need to manage their asset reserves. Therefore, tokenized funds can become part of their asset reserves. The above is our first type of customer base; the second type of customer base belongs to long-term accumulated large-scale customers. As we have learned, for large banks and large e-commerce platforms, the final wallet is the future investment account, and all assets will be stored on the chain." In addition, she said that the next generation of investors, such as Generation Z and Millennials, are currently one of the main customer groups. In the cryptocurrency industry, the amount of funds controlled by young people should not be underestimated.