Bitcoin has gone through multiple cycles of boom and bust over the past 15 years, proving its ability to endure as an alternative asset

The Chief Executive Officer of the Hong Kong Securities and Futures Commission, Leung Fung Yee, pointed out at the Greenwich Economic Forum (Hong Kong) that we should make good use of technological power and focus on Distributed Ledger Technology (DLT). Leung Fung Yee noted that DLT is used for virtual assets in financial markets. Bitcoin has gone through multiple cycles of ups and downs over 15 years, proving its ability to survive as an alternative asset. More affirmatively, as the underlying technology of Bitcoin, DLT will stand the test of time. The potential advantages of DLT are obvious; this technology can enhance efficiency in distribution, clearing, settlement and custody of physical assets while reducing costs.

She emphasized that although the NFT craze may have subsided, related technologies are gradually being applied to the world of physical assets. As physical assets are increasingly tokenized, their potential benefits include several aspects. Leung Fung Yee pointed out that adhering to a technologically neutral stance, the Hong Kong Securities Regulatory Commission adopts a principle: "same business same risk same rules". Investor protection is paramount in their work.