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 digital assets and on-chain finance expressed many insights at the SmartCon event. Among them, Edgar Gehringer, COO of HSBC Global Asset Management Asia Pacific, said, "We still adhere to the traditional position, but according to research reports from major institutions, we can find that when high-net-worth investors or large institutions diversify their investments in fund tokenization products, leverage will play a corresponding role. To some extent, this is a decentralized distributed ledger, that is, a blockchain network. As for the reason why they do this, of course, it is because the cost is lower, which means the returns will be more substantial. In addition, it is a foregone conclusion that more institutions will enter the tokenized fund products."