Beyond Cycles, Defining the Future: BIT Hosts Global Asset Strategy Sharing Session in Hong Kong, Exploring New Paradigms in Web3 and Traditional Markets

Amidst the ongoing divergence in the global macroeconomic environment and the constant reshaping of asset allocation logic, BIT, a global digital asset financial services group, held the "Global Asset Strategy Forum" in Central, Hong Kong, on April 22, 2026, under the theme "Beyond Cycles, Defining the Future." The event brought together industry representatives from financial institutions, crypto platforms, and professional service providers, including BIT Founding Partner & CCO Cynthia Wu, BIT CBO Wendy Sun, Cactus Custody CEO Daniel Lee, BIT Asset Management Head Daniel Yu, BIT Brokerage Head Elio Cui, and Matrixdock BD Head Josh Wu. Colin Wu (Editor-in-Chief of Wu Blockchain), renowned financial blogger Roger Lee, and guests from institutions including OSL, JunHe LLP, Ondo Finance, and Uweb also participated.

Focusing on core topics such as cross-market investment opportunities, the regulatory pathways for compliant stablecoins, and the role of gold and silver in the digital economy, multiple guest speakers engaged in in-depth discussions from various professional perspectives, exploring new paradigms for asset allocation in the Web3 era, ranging from macro trends to asset structure.

In her opening remarks, BIT Founding Partner & CCO Cynthia Wu reviewed the evolution of the blockchain financial market, pointing out that the industry is entering a new phase of comprehensive institutionalization. From the early stage driven by mining and retail speculation, through an expansion period fueled by DeFi and NFTs, to the current development phase characterized by gradually clarified regulations, approved spot ETFs, and the rise of RWA, digital assets are accelerating their integration into the mainstream asset allocation system.

She emphasized that this shift is reflected not only in the changing types of participants but also in the continuous improvement of infrastructure, risk management, and compliance systems. Compared to the traditional financial asset market, which is as large as $400 trillion, on-chain assets are still in an early stage, and RWA will become a crucial bridge connecting the two. In this context, building financial infrastructure and asset systems tailored for institutions will be a key direction for the next phase of industry development. Cynthia also shared BIT's brand philosophy, emphasizing building a future-oriented financial system based on integrity and trust, connecting traditional finance with digital assets.

In the first panel discussion on Web3 and traditional market trends, guests generally agreed that a structural "reversal" is emerging between the two. On one hand, the Web3 market is gradually returning to rationality, shifting towards a profit and fundamentals-driven approach, with models purely reliant on token issuance cooling down. On the other hand, driven by the AI boom, the traditional stock market is seeing an expansion in both valuation and sentiment, with capital and attention continuously concentrating on US stocks. This trend reflects a phase of capital reallocation: some funds previously active in the crypto market are flowing towards traditional markets with stronger certainty and industrial narratives. In this context, the demand for cross-market allocation is rising, and traditional assets like US stocks are increasingly becoming important areas of focus for digital asset investors.

From a macroeconomic and industrial perspective, the current market environment also provides support for risk assets. The US economy exhibits a "Goldilocks" environment, maintaining a relative balance between growth and inflation. Meanwhile, the commercialization of the AI industry is accelerating, driving rapid revenue growth for companies and further strengthening market confidence. In contrast, the crypto market remains highly volatile, while the stock market places greater emphasis on industrial chain logic and forward-looking positioning capabilities, especially in fields like AI hardware and infrastructure, where investment opportunities rely more on medium-to-long-term judgments. Overall, capital, narratives, and structural opportunities are being redistributed, pushing both markets into a new phase.

In the roundtable discussion on compliant stablecoins, guests delved into regulatory pathways and trust mechanisms. As major jurisdictions such as the US, Hong Kong, the EU, and Singapore progressively advance relevant legislation, stablecoins are gradually being incorporated into clear regulatory frameworks. Participants generally agreed that "compliant stablecoins" need to obtain regulatory recognition or licenses in their respective regions and be backed by fiat currency as underlying assets. In contrast, algorithmic stablecoins still face significant uncertainty regarding compliance.

Regarding trust mechanisms, guests pointed out that the basis for acceptance of stablecoins is changing – from the so-called "stablecoins" in early regulatory contexts to their formal inclusion in legal language today, reflecting a shift in regulatory attitudes. At the same time, centered around core issues like stability, reserve adequacy, and regulatory oversight, the industry is gradually forming a consensus: ensuring redemption capabilities through full reserves and enhancing transparency and regulatory visibility through technologies like on-chain tracking. Overall, the trust foundation of stablecoins is shifting from a single credit endorsement to a system supported jointly by assets, structure, and regulation. Wendy Sun also stated that during this phase, compliant stablecoins are beginning to gain clearer institutional positioning.

In the RWA panel discussion, guests analyzed the pricing logic and structural characteristics of precious metal assets like gold. Overall, as a typical low-risk asset, gold's price performance is highly correlated with the US dollar interest rate cycle and liquidity environment: during periods of rate cuts, the opportunity cost of holding gold decreases, while a weaker dollar also drives its relative appreciation. Additionally, geopolitical factors, energy price fluctuations, and changes in monetary policy expectations can further amplify price volatility and upward momentum for gold.

From a supply and demand structure perspective, the supply of precious metals has a certain rigidity, making it difficult to increase significantly in the short term. While central bank gold purchases provide long-term price support, they are not the primary short-term driver. Overall, the pricing core of assets like gold remains macro interest rates and liquidity expectations. In this context, precious metals, possessing "low-risk attributes + macro hedging capabilities," are becoming one of the most representative underlying asset types within the RWA ecosystem.

This forum, spanning dimensions such as macro cycles, market structure, and institutional evolution, presented a clear path for the digital asset industry moving into its next phase: shifting from narrative-driven to structure-driven, from single markets to cross-market integration, and from experimental exploration to institutionalized and institutional development. In this process, whether it's compliant stablecoins, RWA asset systems, or infrastructure built for institutions, all are essentially answering the same question: how to build a financial system with a stronger foundation of trust.

This is precisely the core direction emphasized by BIT: building long-term, sustainable financial structures above cyclical fluctuations based on trust, connecting different markets, assets, and participants.

Disclaimer: This article is solely a summary of viewpoints and a sharing of macro trends from an industry summit and does not constitute any investment advice, financial product recommendation, or transaction solicitation. Markets involve uncertainties and various risks. The views expressed herein are for reference only.