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

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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 Colin Wu, editor-in-chief of Wu Blockchain, renowned financial blogger Roger Lee, and guests from OSL, JunHe LLP, Ondo Finance, Uweb, and 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, approval of 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 ongoing improvement of infrastructure, risk management, and compliance systems. Compared to the traditional financial asset market valued at around $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 connotations, 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 phase 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 demands are 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, the crypto market remains highly volatile, whereas stock markets emphasize industry chain logic and forward-looking layout capabilities, especially in AI hardware and infrastructure sectors, 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 such as 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 as the underlying asset; in contrast, algorithmic stablecoins still face significant uncertainty regarding compliance.

On trust mechanisms, guests pointed out that the recognition basis for stablecoins is shifting—from the early regulatory context of “stablecoins” to their formal inclusion in legal language—reflecting a change in regulatory attitude. Additionally, on core issues such as stability, reserve adequacy, and regulatory oversight, industry consensus is forming: ensuring full reserves to guarantee redemption capacity and leveraging on-chain tracking and other technologies to enhance transparency and regulatory visibility. Overall, the trust foundation of stablecoins is transitioning 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 (Real-World Asset) 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 cuts, the opportunity cost of holding gold decreases, and a weakening dollar also promotes its relative appreciation. Additionally, geopolitical factors, energy price fluctuations, and changes in monetary policy expectations can further amplify gold price volatility and upward momentum.

From supply and demand perspectives, supply of precious metals has certain rigidity, making it difficult to significantly increase in the short term, while central bank gold purchases provide long-term 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 background, precious metals with “low risk + macro hedging capabilities” are becoming one of the most representative underlying assets within the RWA framework.

This forum, from macro cycles, market structure, 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 is compliant stablecoins, RWA asset systems, or infrastructure for institutional participation, they all fundamentally address the same question: how to build a more trust-based financial system.

This is also the core direction emphasized by BIT: to connect different markets, assets, and participants based on trust, and to build a long-term sustainable financial structure 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 carry uncertainties and various risks; the viewpoints expressed herein are for reference only.