Beyond the cycle, defining the future: BIT hosts a global asset strategy sharing session in Hong Kong, exploring new paradigms of Web3 and traditional markets

Against the backdrop of ongoing divergence in the global macro environment and the continuous reshaping of asset allocation logic, the global digital asset financial services group BIT held the “Global Asset Strategy Forum” in Central, Hong Kong, on April 22, 2026, themed “Beyond Cycles, Defining the Future.” The event gathered numerous industry representatives from financial institutions, crypto platforms, and professional service firms, 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; also participating were Editor Colin Wu, renowned financial blogger Roger Lee, and guests from OSL, JunHe LLP, Ondo Finance, Uweb, among others.

Focusing on cross-market investment opportunities, regulatory pathways for compliant stablecoins, and the roles of gold and silver in the digital economy, multiple guests engaged in in-depth discussions from different professional perspectives, exploring new paradigms of asset allocation in the Web3 era—from macro trends to asset structures.

In his opening speech, Cynthia Wu, Founding Partner & CCO of BIT, reviewed the evolution of the blockchain financial market and pointed out that the industry is entering a new phase of full institutionalization. From the early stage driven by mining and retail speculation, to the expansion driven by DeFi and NFTs, and now to the current stage characterized by clearer regulations, approved spot ETFs, and the rise of RWA, digital assets are accelerating their integration into mainstream asset allocation systems.

She emphasized that this shift is reflected not only in the changing participants but also in the continuous improvement of infrastructure, risk management, and compliance systems. Compared to the traditional financial asset market worth approximately $400 trillion, on-chain assets are still in their early stages, with RWA serving as an important bridge connecting the two. In this context, building institutional-oriented financial infrastructure and asset systems will be a key direction for the next phase of industry development. Cynthia also shared BIT’s brand connotation, emphasizing trust and integrity as the foundation for connecting traditional finance with digital assets to jointly build a future-oriented financial system.

In the first discussion on Web3 and traditional market trends, guests generally agreed that a clear structural “reversal” is occurring between the two. On one hand, the Web3 market is gradually returning to rationality, shifting toward profit and fundamentals, with the purely token-driven model cooling down; on the other hand, the traditional stock market, propelled by the AI boom, is experiencing valuation and sentiment expansion, with capital and attention increasingly focused on U.S. stocks. This trend reflects a phased reallocation of funds: some capital originally active in crypto markets is flowing into traditional markets with stronger certainty and industry narratives. Against this backdrop, cross-market allocation demand is rising, and traditional assets like U.S. stocks are gradually becoming important focuses for digital asset investors.

From macro and industry perspectives, the current market environment also supports risk assets. The U.S. economy exhibits a “Goldilocks” environment, maintaining a relatively balanced state between growth and inflation, while AI industry commercialization accelerates, driving rapid corporate revenue growth and further strengthening market confidence. In contrast, crypto markets remain highly volatile, whereas stock markets emphasize industry chain logic and forward-looking layout capabilities, especially in AI hardware and infrastructure, where investment opportunities depend 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 on compliant stablecoins, guests discussed regulatory pathways and trust mechanisms in depth. As major jurisdictions like the U.S., Hong Kong, the EU, and Singapore advance relevant legislation, stablecoins are gradually being incorporated into clear regulatory frameworks. Participants generally agreed that “compliant stablecoins” need to obtain regulatory approval or licenses in relevant regions and be backed by fiat currency; in contrast, algorithmic stablecoins still face significant uncertainties regarding compliance.

On trust mechanisms, guests pointed out that the recognition basis for stablecoins is shifting—from the early regulatory context of so-called “stablecoins” to formal legal inclusion, reflecting a change in regulatory attitude. Additionally, on core issues such as stability, reserve sufficiency, and regulatory oversight, the industry is reaching consensus: ensuring full reserves to guarantee redemption ability, and enhancing transparency and regulatory visibility through on-chain tracking and other technologies. Overall, the trust foundation of stablecoins is evolving from single-credit backing to a system supported by assets, structure, and regulation. Wendy Sun also noted that at this stage, compliant stablecoins are beginning to gain clearer institutional positioning.

In the RWA discussion, guests analyzed the price logic and structural features of gold and other precious metals. Overall, gold, as a typical low-risk asset, exhibits price behavior highly correlated with U.S. dollar interest rate cycles and liquidity environments: during rate-cutting phases, the opportunity cost of holding gold decreases, and a weakening dollar also promotes its relative appreciation. Additionally, geopolitical factors, energy price fluctuations, and monetary policy expectations can further amplify gold price volatility and upward momentum.

From supply-demand perspectives, precious metal supply has certain rigidity, making short-term significant increases difficult, while central bank gold purchases provide long-term price support, though they are not dominant short-term factors. In summary, the core of gold and similar assets’ pricing remains macro interest rates and liquidity expectations. Against this backdrop, precious metals with “low risk + macro-hedging capabilities” are becoming some of the most representative underlying assets within the RWA framework.

This forum, from macro cycles, market structures, to institutional evolution, presented a clear path for the digital asset industry’s next stage: shifting from narrative-driven to structure-driven, from single markets to cross-market integration, from experimental exploration to institutionalization and regulation. In this process, whether it’s compliant stablecoins, RWA asset systems, or infrastructure for institutions, the fundamental question remains: how to build a more trust-based financial system.

This aligns with BIT’s core emphasis: building a long-term, sustainable financial structure based on trust, connecting different markets, assets, and participants beyond cyclical fluctuations.

Disclaimer: This article is for industry summit insights and macro trend sharing only, and does not constitute any investment advice, financial product promotion, or trading invitation. Markets are uncertain and carry various risks; the viewpoints expressed herein are for reference only.