#现实世界资产(RWA)代币化# Seeing the news about Hong Kong breaking the ground for the globalization of cultural tourism RWA, it inevitably reminds people of the ups and downs in the blockchain industry over the years. From the early ICO boom to the later DeFi frenzy, and now the exploration of RWA, each wave brings new opportunities and challenges. This RWA attempt themed around the God of Wealth culture is not only an innovation in traditional cultural tourism assets but also an important attempt at the export of Chinese culture.

Looking back at history, similar asset tokenization projects were actually attempted as early as 2017, but most of them failed midway due to regulatory and technical issues. It is a significant breakthrough to see a mature financial center like Hong Kong providing a compliant channel for RWA. In particular, the proposal of the "Cultural and Tourism RWA Three-Tier Penetration Model" provides a feasible path to solve the problem of cross-border asset circulation.

However, while being excited about these innovations, we cannot overlook the risks involved. The past failures serve as a warning that any innovation needs to be approached with caution. This is especially true for projects involving physical assets, which require in-depth consideration across multiple dimensions such as compliance, technology, and business models.

Overall, the Hong Kong-led exploration of cultural and tourism RWA has undoubtedly injected new vitality into the industry. It not only opens up new ideas for the combination of traditional assets and Blockchain but also provides a digital path for Chinese culture to "go global." However, whether it can truly succeed still requires the test of time. As veterans of the industry, it is essential to maintain an open mindset to embrace innovation while also remaining rational and vigilant at all times, which may be the most valuable experience after going through multiple cycles.