In this episode of the WuBlockchain Podcast, Rand Hindi, CEO of Zama, explores the transformative potential of Fully Homomorphic Encryption (FHE) in blockchain. He highlights its critical role in ensuring privacy while maintaining scalability. Zama's protocol adds a confidentiality layer to existing blockchains like Ethereum and Solana, enabling secure transactions. Hindi explains how FHE stands out from other privacy technologies such as Zero-Knowledge (ZK) proofs and Multi-Party Computation (MPC), especially in enabling confidential token transfers and DeFi applications. He also discusses Zama's progress and its upcoming token auction. Timeline: 00:00 Introduction to Zama and CEO Rand Hindi's background 01:27 Why privacy is becoming a critical issue for AI and blockchain technologies 02:50 Explanation of FHE vs. other privacy technologies 05:46 How Zama uses FHE, MPC, and ZK together to enable confidentiality on existing blockchains 07:41 Integration of Zama's privacy layer with EVM-compatible blockchains 09:12 Developer ease in building encrypted smart contracts on Zama's protocol 10:35 Overcoming the historical challenges of FHE, including scalability and cost 12:08 Zama's progress in solving compute problems and scaling FHE to Ethereum-level speeds 12:47 The current technical bottleneck: hardware advancements needed for faster computation 13:51 Forecast on achieving real-time encrypted computation 14:28 Ensuring compliance and auditability in private computations using Zama 16:10 The impact of FHE on MEV and blockchain fairness 17:10 Expected use cases for FHE in crypto, such as confidential payments and token distribution 19:30 Example of confidential token distribution and its importance for privacy 20:40 Zama's approach to encrypted auctions for token sales 23:34 Unique decentralized applications made possible only by FHE 25:22 FHE's role in solving trust issues with AI agents in financial decisions 28:11 Zama's team and investors, including the company's research-heavy background and funding 30:34 Balancing research and execution in a decentralized, remote working environment 32:54 Upcoming events: Zama's mainnet launch and token auction

In this episode, Leonard, CEO of Aster, discusses his career journey from traditional finance to the world of decentralized finance (DeFi) and the role Aster plays in the evolving crypto ecosystem. He shares insights into the competitive landscape with projects like HyperLiquid, Aster's unique product features, and its community engagement approach. Leonard also talks about the development of privacy-focused blockchain infrastructure, Aster's roadmap, and his views on the broader market trends affecting Web3 and cryptocurrencies. Timeline: 00:00 Transition from TradFi to DeFi: Leonard's Early Career 05:28 Collaborating with CZ: How Trust Was Built 10:16 Aster's Competitive Edge: Differentiation from HyperLiquid 13:02 Multi-Chain Integration and Decentralized Trading Experience 17:02 Privacy-Focused Blockchain: Aster's Vision for Privacy in Trading 18:03 Aster's Token Airdrop Program: Enhancing Community Engagement and Utility 19:18 The Roadmap: Infrastructure, Token Utility, and Privacy Solutions 27:50 Focus on AI for Improving User Experience in DeFi 33:11 DeFi Users' Concerns and Aster's Trust-Building Strategy 40:23 Market Outlook: The Importance of Survival and Positive Cash Flow

This episode features a fireside talk from the Finternet 2025 Asia Digital Finance Summit, themed "Asia's Crypto Frontier: Balancing Regulation and Compliant Growth". The session was moderated by Angelina Kwan, Managing Director of Stratford Finance, and featured speakers Wong Huei Ching, Executive Director of Digital Strategy and Innovation at the Securities Commission Malaysia; Uli Agustina, Director of Digital Financial Assets and Crypto Assets Supervision at Otoritas Jasa Keuangan (Indonesia Financial Services Authority); and Harry Kim, Chief Business Officer at Kintsugi Technologies. The Finternet 2025 summit took place on 4 November in Hong Kong under the theme "Connecting Dreams × Building the Future,"supported by more than ten institutions including OSL Group, Invest HK, the Financial Services Development Council and Hong Kong Cyberport. Timeline: 00:00 Introduction and framing: Asia's regulatory leadership in crypto 02:34 Korea pushes for ETPs, catching up with Hong Kong 05:02 Korea's phased legislation: exchanges, custodians, stablecoins 07:24 Malaysia pushes institutionalization and bank-crypto collaboration 10:27 Tokenization sandbox initiatives in Malaysia 13:36 Indonesia's clearinghouse and custodian setup 16:09 Real-world use cases: cattle tracking, property tokenization 18:52 Perpetuals and ETPs: regulated exchanges entering the space 23:21 Korea's tax and custodian regulations still evolving 24:49 Malaysia's custodian licensing regime and bank involvement 26:57 Indonesia's 2026 focus: derivatives regulation, innovation sandbox 30:36 Korea eyes more institutional participation with regulation

This episode features a fireside talk from the Finternet 2025 Asia Digital Finance Summit, themed "Hong Kong's Breakthroughs, Innovation and Safeguarding". The session was moderated by Gary Tiu (Executive Director, Head of Regulatory Affairs, OSL Group), with guest Eric Yip (Executive Director, Intermediaries Department, SFC Hong Kong). Text summary. The Finternet 2025 summit took place on 4 November in Hong Kong under the theme "Connecting Dreams × Building the Future," supported by more than ten institutions including OSL Group, Invest HK, the Financial Services Development Council and Hong Kong Cyberport. On 3 November, the SFC issued a circular allowing licensed local Virtual Asset Trading Platforms to share order‑books with affiliated overseas platforms -- meaning Hong Kong investors will soon be able to trade into the same liquidity pool as overseas markets, directly accessing deeper liquidity and closer to international pricing. Timeline: 00:00 Philosophy and Challenges of Crypto Regulation in Hong Kong 03:47 Balancing Regulatory Rules and Principles 06:21 Differences Between Banking and Regulatory Mindsets 09:30 Progress and Goals of SFC Policies in 2023 10:35 Progress and Challenges of Regulatory Frameworks 11:55 Promoting Rapid Innovation and Licensing Programs 14:17 The "Quick Failure" Mechanism in Regulation 16:00 Trial-and-Error Challenges and Strategies in Policy Making 18:11 Product Innovation and Development Expectations

This episode features a fireside talk from the Finternet 2025 Asia Digital Finance Summit, themed "From Hong Kong to the Middle East: The Evolution of Digital Assets Regulation". The session was moderated by Rocky Tung (Director, Policy Research & Specialist Advisor, Financial Services Development Council, Hong Kong), with guests Elizabeth Wong (Director of Intermediaries & Head of FinTech, Securities and Futures Commission, Hong Kong) and Wai Lum Kwok (Senior Executive Director, Financial Services Regulatory Authority, Abu Dhabi Global Market). Text summary. The Finternet 2025 summit took place on 4 November in Hong Kong under the theme "Connecting Dreams × Building the Future," supported by more than ten institutions including OSL Group, Invest HK, the Financial Services Development Council and Hong Kong Cyberport. On 3 November, the SFC issued a circular allowing licensed local Virtual Asset Trading Platforms to share order‑books with affiliated overseas platforms -- meaning Hong Kong investors will soon be able to trade into the same liquidity pool as overseas markets, directly accessing deeper liquidity and closer to international pricing. Timeline: 00:00 Introduction: Hong Kong Financial Services Development Council 01:49 SFC's early regulatory experiences and developments 04:08 Hong Kong's latest policy: Accessing global liquidity 07:05 Changes in Abu Dhabi's regulatory framework 08:39 The trend of integration between traditional finance and crypto markets 10:40 Regulatory challenges in cross-border transactions and capital flows 12:59 Tokenized assets and global regulatory alignment 14:31 Progress in Hong Kong's digital asset ecosystem development 15:06 The relationship between license approval processes and market development 18:56 Interoperability and the integration of technology and regulation 22:10 Practical applications and market feedback on tokenized assets

In this episode, Georg Hahn, Delivery and Execution Lead for Bitpanda's Web3 projects, discusses the Vision ecosystem and how Bitpanda is bridging traditional finance (TradFi) and decentralized finance (DeFi). Georg explains how the Vision token powers Bitpanda's Web3 infrastructure -- a suite of products empowering both retail and institutional users -- with a focus on tokenomics, governance, and partnerships. Bitpanda is a cryptocurrency trading platform that provides user brokerage services for Bitcoin and other digital assets. It has a wallet and trading platform, enabling users to buy and sell cryptocurrencies using Euro, credit cards, Skrill, SEPA transfers, and other methods. Timeline: 00:00 Introduction and Background 04:25 The Vision Ecosystem at Bitpanda 08:39 Pillars of the Vision Ecosystem 12:38 Comparing Vision to Other Tokens 18:37 Strategic Partnership with SG Forge 20:30 Strategic Goal Behind Bringing SG Forge Stablecoins Directly On-Chain 22:02 Balancing Innovation and Compliance 25:32 The Future of European Exchanges in Web3 28:48 Competition vs Collaboration Among European Platforms 30:21 Vision Ecosystem's Global Expansion: Focus on Asia 34:58 Europe's Web3 Identity: Compliance and Long-Term Sustainability 39:11 Vision's Path Forward

In this in-depth interview, Deribit CEO Luuk Strijers shares insights into the company's journey from a niche crypto options platform to a leader in institutional trading. Deribit is currently the largest cryptocurrency options exchange. Its BTC options trading volume accounts for over 80% of the total market, while ETH options make up more than 90% of the total ETH options market volume. Luuk highlights Deribit's early entry, product specialization, and robust infrastructure as key advantages over multi-product competitors like Binance. Luuk details the reasoning behind Deribit's acquisition by Coinbase, citing strategic alignment and expanded global reach. He addresses regulatory challenges, especially KYC complexities, and emphasizes a continued institutional focus. Luuk also shares thoughts on DeFi competitors, expansion plans, product development (including smaller contracts and longer-dated options), and Deribit's vision as Coinbase's international options arm. Text summary. Timeline： 00:00 Luuk's Background and Journey into Crypto 02:20 Why Deribit Dominates Crypto Options Despite Big Exchange Competition 05:20 Product Depth vs. Liquidity vs. Trust: What Drives Deribit's Market Leadership 07:25 Coinbase Acquisition: Why Deribit Chose to Sell and Future Synergies 10:05 Addressing KYC Complaints and Future Compliance Under Coinbase 13:55 Will Deribit Ban Users from China or Hong Kong Post-Acquisition? 14:20 Can On-Chain Platforms Like Hyperliquid Challenge Centralized Exchanges? 18:00 Strategic Focus: Deribit's Roadmap After Joining Coinbase 20:12 Role of Asia in Deribit's Future Growth 20:55 Team Size and Culture: Deribit vs. Coinbase Workforce 22:10 Biggest Challenges as CEO and Core Competitive Edge in One Sentence 24:25 On Competing with IBIT and Market Share Impacts 27:53 Expanding Beyond BTC/ETH: Will Deribit Add More Assets Like Gold? 31:14 Linear Contracts and Smaller Sizes to Increase Accessibility 32:20 Demand for Long-Dated Options (LEAPs) and RFQ-Based Solutions 33:27 Institutional Strategy and Why Coinbase-Style Culture Matters

This episode features two segments from OKX Founder and CEO Star Xu at the TOKEN2049 conference: a keynote speech and a fireside chat. The audio content is in English. In his keynote, Star Xu reflected on the evolution of the crypto industry over the twelve years since OKX was founded, highlighting Bitcoin and stablecoins as two major milestones. He contrasted traditional finance, which he described as a "closed system," with DeFi as an "open system." He emphasized that the future of finance will be built on transparent, interoperable, and global on-chain infrastructure, enabling full tokenization of assets and payments. In the fireside chat, Star Xu focused on the rollout and vision of OKX's payment product, OKX Pay. He revisited the rise of Bitcoin and stablecoins, stating that stablecoins are poised to become the core infrastructure of future payments -- enabling low-cost, cross-border, peer-to-peer transactions, while also exceeding traditional banks in terms of security and compliance. Timeline: Keynote Speech by Star Xu 00:00 Bitcoin and stablecoins as the foundation of the crypto industry 01:08 The transparency and globalization of DeFi 02:51 Self-custody and compliance empower users to regain control 04:42 OKX builds real-time on-chain monitoring and global compliance framework 05:30 X Layer and OKX Vision Fund support the on-chain financial ecosystem Fireside Chat 06:30 How crypto payments can integrate into daily life 08:40 Stablecoins as the future infrastructure for cross-border payments 10:01 How OKX Pay differs from and improves on traditional credit card payments 12:38 How on-chain payments enable yield generation for users 14:49 OKX as a liquidity hub for stablecoins 15:32 Why OKX chose a hybrid "self-custody + compliance" model 16:00 Multi-signature security to protect user funds 16:40 X Layer as the global infrastructure powering OKX Pay

The episode of the WuBlockchain Podcast features an interview with Salman Avestimehr, Co-Founder of ChainOpera, for an in-depth discussion on building an AI-agent and model network through community co-creation and co-ownership. Focusing on the intersection of AI and blockchain, the conversation examined how decentralized AI can impact people's lives—much as the internet once brought individuals closer together—by enabling humans to interface more easily with complex ecosystems, giving individuals a degree of agency when facing large centralized systems, and allowing everyone to participate, co-create, and co-own. Timeline: 00:00 Founding catalyst for ChainOpera 02:22 What is ChainOpera AI's mission? 03:50 What problems is "decentralized AI" meant to solve? 06:15 Team composition and roles 08:54 What do "Crypto GPT/Crypto AGI" signify? 12:06 Where do AI and blockchain best intersect? 16:57 How does ChainOpera AI differ from peer projects? 18:45 User base and activity metrics 20:25 Four-layer architecture and division of responsibilities 22:31 Ecosystem progress 23:45 How will AI agents evolve? 29:33 Next-step roadmap

This episode of the Wu Blockchain podcast features an interview with Boundless CEO Shiv Shankar and RISC Zero Head of Global Marketing Tina Liu, focusing on the Boundless mainnet, the step-change in ZK proof performance, and token economics. Boundless, introduced by RISC Zero, is The Verifiable Compute Layer built in Rust. It provides a componentized stack that simplifies ZK integration, performing computation off-chain while using ZKPs on-chain for cross-chain interactions, batching proofs from heterogeneous systems to reduce on-chain verification costs and improve developer efficiency. Key takeaways: ZK has moved from a "research topic" to mass production, with applications compressing Ethereum block-level (single-block) proofs to ~12 seconds. Boundless achieved decentralization on day one, distributing rewards by contribution via Proof of Verifiable Work (PoVW)—emphasizing "more work, more pay" and non-forgability—to avoid single-point oligopolies. During the public test phase, the mainnet exhibited a Jevons effect: lower costs expanded usage. The project positions itself as the operations and distribution layer for ZK compute, expanding demand through collaborations with Stellar, Base, and EigenLayer. It also stresses the post-quantum advantages of ZK—especially the STARK family—and counters compute monopolies with open bidding and a cloud price cap. Timeline: 00:00 Why can Ethereum block-level proofs be compressed to ~12 seconds? 03:46 How to balance high-yield narratives with token stability? 04:15 Why insist on day-one decentralization? 04:47 How does PoVW measure contribution and prevent forged work? Why call it an evolution of PoW? 08:34 How does borderless mining attract new classes of compute providers? 09:28 Why did a misunderstanding arise around the Kaito airdrop? 11:02 Demand-side uplift driven by partner networks 16:19 Cost-down applications for extreme workloads 19:17 When proof costs fall, the Jevons effect emerges 20:24 How do ZK and AI combine? 25:07 How to address quantum threats? 27:08 How to prevent compute oligopolies? 29:06 What are the strategies for China and Korea? 37:26 Pathways for government–public chain cooperation on post-quantum security 38:22 Closing & next steps

In this episode, Andrew Keys, co-founder of The Ether Machine, outlines the company's novel strategy of offering institutional investors exposure to Ethereum through a public vehicle. Unlike traditional ETFs, The Ether Machine aims to generate additional yield for shareholders by actively staking, restaking, and participating in decentralized finance (DeFi). Andrew highlights how the company's clean corporate structure and its focus on Ethereum set it apart from other crypto asset management vehicles. Timeline: 00:00 Introduction to Andrew Keys and The Ether Machine 02:27 Transitioning from Consensus and DARMA to The Ether Machine 03:44 The Ether Machine's $654 Million Raise and Treasury Model 05:41 Why Ethereum Over Bitcoin for Asset Management 07:09 Key Drivers Behind the Treasury-Centric Model 09:09 The Ether Machine vs. Traditional Holding Companies and ETFs 10:31 Explaining NAV (Net Asset Value) and its Importance 12:09 NAV and its Role in Equity Valuation 13:24 How Staking and Yield Generation Shape The Ether Machine's Business 15:41 Communicating the Model to Traditional Market Investors 16:40 Future Plans: Restaking and Advanced Yield Strategies 17:16 Why The Ether Machine Chose SPAC over Direct Listing 18:43 Advantages of a SPAC in the Crypto Regulatory Landscape 20:15 Capital Structure Design to Avoid Dilution 21:36 Ensuring Long-Term Sustainability for The Ether Machine's Model 22:22 Balancing Institutional Interest with Ethereum's Native Values 23:55 Educating Wall Street and Main Street on Ethereum 25:33 Differentiating The Ether Machine's Strategy from Competitors 27:22 Vision for Ethereum's Future in Finance 28:31 Merging DeFi and TradFi: The Future of Finance 29:06 SEC Compliance and Legal Clarity in The Ether Machine's Operation 30:33 Regulatory Challenges and Expanding to Other Assets 31:36 The Potential of Tokenization and Governance Layers for The Ether Machine 32:04 Closing Thoughts on The Ether Machine's Future and Ethereum's Role

In this episode, Tong Pow, co-founder of Hologram (Creators of Holoworld AI and Ava Studio), talks about the evolution of Holoworld AI from its early NFT avatar experiments to becoming a platform that bridges AI and Web3. Tong explains how products like Hologram Extension, Agent Creator, and Ava Studio led to the launch of Hololaunch, a Launchpad designed to help both Web2 and Web3 IPs enter the blockchain space. He discusses Hologram's differentiation in the competitive Launchpad landscape, the roles of Holo and AVA tokens, and the ways AI-powered content creation can amplify community engagement. Tong also shares insights on partnerships, ecosystem growth, and the upcoming HOLO TGE. Text summary. Shownotes: 00:00 Origins of Holoworld AI and Tong's AI + Crypto Journey 02:09 AI's natural intersection with crypto and NFTs as virtual personas 03:37 Evolution of Holoworld AI Products: Extension, Agent Creator, Ava Studio, and Hololaunch 07:00 Current strategy and expanding to an agentic IP ecosystem 07:59 Why Holoworld AI Built a Launchpad and User-Driven Demand 09:00 Competitive landscape of Launchpads and Holo's positioning 10:46 Trends in AI + on-chain Launchpad evolution 11:51 Differentiation through technology, partnerships, and network effects 13:04 Role of HOLO token in Hololaunch and ecosystem flywheels 14:31 Distinction between HOLO token (ecosystem) and AVA token (app-level utility) 16:42 Ava Studio's advantages over Runway, Pika, and others 18:18 Open beta status of Ava Studio and mobile-first approach 19:16 APIs and SDKs on the roadmap for pro creators 20:01 New workflows vs. traditional production pipelines 20:44 Combining Ava Studio with Hololaunch for creator-driven promotion 21:45 Agent creation and no-code launch stack integration 22:17 Incentive alignment across users, creators, developers, and investors 23:52 Partnerships with Pudgy Penguins and upcoming collaborations 24:45 Upcoming Holo TGE and opportunities for creators and stakers

This interview with WLFI co-founder Zach Witkoff and WLFI COO, co-founder Zak Folkman examines World Liberty's origins; the growth and applications of the USD1 stablecoin; plans for RWA tokenization; team structure and capital deployment; and the company's approach to regulatory engagement and regional market development. Zak stated that their goal is to serve user groups underserved by traditional finance through an integrated application--remittances, spending, crypto trading, and card payments--built around the USD1 stablecoin. Zach Witkoff emphasized that there is no equity or formal partnership with Binance, and the demand for USD1 on the BNB Chain is primarily driven by the market itself. He also mentioned facilitating a $2 billion cross-border settlement and noted that ALT5 Sigma plans to acquire $1.5 billion in WLFI tokens to support the ecosystem. The team operates with a lean but efficient configuration of about 30 members. On the policy front, Zach believes the new regulations provide clearer rules for the U.S. industry and will focus on expanding the community and activities in Asia, including in regions like Hong Kong, South Korea, and Singapore. Text summary Timeline: 00:00 Reason for Entering the Industry and Zach's Personal Background 02:12 The Origins and Early Development of the World Liberty Project 06:14 How World Liberty Helps Users Without Bank Accounts 10:06 Misunderstanding About USD1 Stablecoin's Partnership with Binance 13:43 How the World Liberty Team Advances Their Work 15:55 How ALT5 Sigma Helps the World Liberty Ecosystem 17:31 What Positive Impact Will Trump's Policies Have on the Entire Crypto Industry 20:05 Will World Liberty Hold More Activities or Community Building in Asia

Hyperliquid is one of the most successful projects in this cycle. With a team of only 11 people, it has already captured more than 75% of the decentralized perpetual market share, with user assets reaching approximately US$6.2 billion. The project token market value is nearly US$16 billion, ranking 13th. It is even considered by the community to be the next Binance. In this episode, Jeff Yan, the founder of Hyperliquid, shares insights into the journey of building the decentralized Layer 1 blockchain. He discusses the importance of self-funding, rejecting venture capital, and the focus on user-driven growth. Jeff explains Hyperliquid's vision for a decentralized financial future, the rationale behind not pursuing token listings on centralized exchanges, and Hyperliquid Labs’ commitment to a small, efficient team. He also offers his perspective on the future of crypto startups, leadership in the crypto space, and how cultural values play a role in his approach to business. Text summary. Timeline: 00:00 Introduction and Jeff's Background 03:45 Jeff's Early Days in Building Hyperliquid and Its Success 05:18 Why Hyperliquid Was Self-Funded 08:10 Not Listing on Centralized Exchanges 09:57 Advice for Crypto Startups: Funding and Listing Strategies 11:37 The Role of Market Makers in Hyperliquid's Development 13:19 Hyperliquid's Core Team and Hiring Strategy 14:23 Future Team Growth and Vision 15:46 Investing in Ecosystem Projects 17:04 Hyperliquid's Roadmap 18:59 Hyperliquid's Role in the Future of Decentralized Finance 21:18 Hyperliquid's Success Compared to Larger Teams 22:53 Jeff's Management Style and Leadership 23:29 Leadership Philosophy and Importance of Team Dynamics 25:33 Advice for Entrepreneurs in the Crypto Space 28:21 Jeff on His Cultural Background and Its Impact on Hyperliquid 32:19 Jeff's Message to the Chinese Community

In this podcast episode, Valentin Gui, General Manager of xStocks at Kraken, discusses the potential of equity tokenization, differentiating from competitors like Robinhood, navigating regulatory hurdles, and future expansion plans. xStocks aims to provide global users, especially those without direct equity access, with synthetic exposure to stocks through fully collateralized tokens. Valentin emphasizes the platform's permissionless, multi-chain capabilities, its inclusive partnership model, and long-term ambitions to become a foundational infrastructure for Web3 financial systems. Text summary. Timeline: 00:00 Opening 00:43 Clarifying xStocks' Connection to Previous Ventures and Ensuring Token Collateralization 02:16 Why xStocks Chose Stock Tokenization: Expanding Financial Inclusion through Synthetic Equity Exposure 03:20 How Kraken's Interest in RWAs and Strategic Partnerships Accelerated xStocks' Adoption 05:57 Differentiating xStocks from Robinhood through Permissionless, Multi-chain Tokens 07:11 Competitive Strategy: Welcoming Binance and Coinbase as Potential Partners 07:57 Addressing Liquidity Challenges across Centralized and Decentralized Exchanges 09:24 Regulatory Challenges and Strategy: How xStocks Avoids the Pitfalls Faced by FTX and Binance in the U.S. 10:17 Impact of SEC's Regulatory Approach on Tokenized Securities and xStocks' EU Launch via Cyprus Entity 11:21 Major Regulatory Hurdles: Educating Regulators on Classifying Tokenized Equities 12:22 Exploring Opportunities in Tokenizing Pre-IPO Equity 12:42 xStocks' 2025 Roadmap: Geographic Expansion, Increased Token Utility, and Scaling Offerings 13:57 The Potential of Perpetual Contracts and Derivatives on Tokenized Stocks 14:17 Growth Outlook: Significant Expansion Anticipated due to Global Demand 15:06 Collaboration with Gate.io and Potential Partnerships including Hyperliquid 15:51 Discussing Potential Collaboration with Trump Family Projects 16:19 IPO versus Token Issuance: Backed's Potential Path Forward 16:44 Could Tokenized Equities Replace Traditional Stocks? 17:51 Expanding beyond US Equities: Prospects for Tokenizing Hong Kong and Chinese Stocks 18:26 Building a Cross-chain Ecosystem for Tokenized Stocks and Enhancing Utility 19:42 Accessibility as the Main Driver for Mass Adoption of Tokenized Equities 21:09 Long-term Vision: Positioning xStocks as Financial Infrastructure Rather than Just a Retail Product 22:36 Misconceptions about Market Potential and Global Demand for Tokenized Stocks