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

Amidst persistent divergence in the global macro environment and the ongoing reshaping of asset allocation logic, BIT, a global digital asset financial services group, hosted the "Global Asset Strategy Forum" on April 22, 2026, in Central, Hong Kong, under the theme "Beyond the Cycle, 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 Lead Daniel Yu, BIT Brokerage Lead Elio Cui, and Matrixdock BD Lead Josh Wu. Other distinguished guests, such as Wu Says Editor-in-Chief Colin Wu, renowned financial blogger Roger Lee, and representatives from OSL, JunHe LLP, Ondo Finance, and Uweb, also participated.

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

In her opening remarks, BIT Founding Partner & CCO Cynthia Wu reviewed the evolution of the blockchain financial market, noting that the industry is entering a new phase of comprehensive institutionalization. From the early stages driven by mining and retail speculation, through the expansion fueled by DeFi and NFTs, to the current phase marked by gradually clarifying regulations, the approval of spot ETFs, and the rise of RWAs, digital assets are accelerating their integration into mainstream asset allocation systems.

She emphasized that this transformation is reflected not only in the changing participants but also in the continuous improvement of infrastructure, risk management, and compliance systems. Compared with the traditional financial asset market, which is valued at up to $400 trillion, on-chain assets are still in their early stages, and RWAs will serve as 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 industry's next phase of development. Cynthia also shared the brand philosophy of BIT, emphasizing building a future-oriented financial system based on integrity and trust, connecting traditional finance with digital assets.

In the first discussion on Web3 trends versus traditional market trends, panelists generally agreed that a distinct structural "reversal" is occurring between the two. On one hand, the Web3 market is gradually returning to rationality, shifting towards a focus on profitability and fundamentals, with the model driven purely by token issuance continuing to cool down. On the other hand, driven by the AI boom, traditional stock markets are seeing an expansion in both valuations and sentiment, with capital and attention increasingly concentrated in US equities. This trend reflects a periodic reallocation of capital: some funds that were previously active in the crypto market are flowing towards traditional markets that offer greater certainty and compelling industry narratives. Against this backdrop, cross-market allocation demands are rising, and traditional assets like US stocks are progressively becoming an important area of focus for digital asset investors.

From a macro and industrial perspective, the current market environment also provides support for risk assets. The US economy exhibits a "Goldilocks" scenario, 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 comparison, the crypto market remains highly volatile, while the stock market places greater emphasis on industry chain logic and forward-looking positioning capabilities, particularly in AI hardware and infrastructure, where investment opportunities rely more on medium-to-long-term judgment. Overall, capital, narratives, and structural opportunities are being redistributed, pushing both markets into new phases.

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

Regarding trust mechanisms, panelists pointed out that the foundation of stablecoin acceptance is changing – transitioning from what was merely referred to as "stablecoins" in early regulatory contexts to now being formally recognized in legal language, reflecting a shift in regulatory attitudes. Furthermore, a consensus is forming within the industry around core issues like stability, reserve adequacy, and regulatory oversight: ensuring redemption capability through fully-backed reserves and enhancing transparency and regulatory visibility through technologies like on-chain tracking. Overall, the trust basis for stablecoins is evolving from a reliance on a single credit endorsement to a system supported jointly by assets, structure, and regulation. Wendy Sun also commented that, at this stage, compliant stablecoins are beginning to gain clearer institutional positioning.

In the RWA-focused discussion, panelists 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: in periods of declining interest rates, the opportunity cost of holding gold decreases, while a weaker dollar also contributes to its relative appreciation. Additionally, geopolitical factors, energy price fluctuations, and changes in monetary policy expectations can further amplify gold's price volatility and upward momentum.

From a supply-demand perspective, the supply of precious metals is relatively rigid and difficult to increase significantly in the short term. While continued central bank purchases provide long-term price support, they are not a dominant short-term factor. Ultimately, the core pricing driver for assets like gold remains macro interest rates and liquidity expectations. In this context, precious metals, possessing "low-risk attributes coupled with macro hedging capabilities," are emerging as one of the most representative underlying asset types within the RWA framework.

This forum, viewed through the lenses of the macro cycle, market structure, and institutional evolution, outlined a clear path for the digital asset industry's next stage: shifting from narrative-driven to structure-driven, from single-market to cross-market integration, and from experimental exploration to institutionalized and systematic development. In this process, whether it is compliant stablecoins, RWA asset systems, or institutional-focused infrastructure building, all are essentially answering the same question: how to construct a more trust-based financial system.

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

Disclaimer: This article is intended solely as a summary of perspectives from the industry summit and shares macro-level trends. It does not constitute any investment advice, financial product recommendation, or solicitation for transactions. Markets involve uncertainty and various risks, and the views presented herein are for reference only.