BiyaPay Analyst: Hong Kong HSBC Gold Token Jumps to Third Place Globally, RWA Track Enters Acceleration Phase

November 11th, in Hong Kong. HSBC Bank launched the "HSBC Gold Token" targeted at Hong Kong retail investors. The total trading volume exceeded $1 billion, and there were over 100,000 transactions, making it the third-largest gold token product globally. The token is denominated in Hong Kong dollars and has been approved by the Hong Kong Securities and Futures Commission. Currently, it is the only compliant gold RWA product available to retail investors. BiyaPay analysts believe that this indicates the transition of RWA from the institutional experimentation stage to the retail adoption stage. In this stage, traditional assets like gold are being reshaped through blockchain technology. With increasingly clear regulations and improved liquidity, the tokenization of physical assets may become one of the most certain trends in the crypto space by 2025. BiyaPay analysts also point out that the increasing demand for stable income and a secure store of value will accelerate the expansion of the RWA ecosystem. Investors can trade US stocks, Hong Kong stocks, and futures using USDT on the BiyaPay platform. They can enjoy 0% fee cryptocurrency spot contract trading and actively participate in the new wave of asset digitization.