Bridging TradFi and Web3: Plume and Web3Labs Drive RWA Policy Discussions Across Hong Kong and Mainland China

As the global financial landscape evolves, Asia, particularly Hong Kong, is fast becoming a focus point for innovation at the intersection of traditional finance (TradFi) and decentralized finance (DeFi). Throughout July, a series of forums under the banner “2025 Spotlight: Hong Kong’s New Policy on Digital Assets” showcased how policymakers, institutions, and innovators are aligning around real-world asset (RWA) tokenization and compliance-led digital asset infrastructure.

Co-hosted by Web3Labs and Plume, the events were supported by prominent figures, including Hong Kong Legislative Council Member Johnny Ng, Chairman of Cyberport Jack Kong, and Hong Kong Government Beijing Office Member Eunice Chan, and featured representation from Microsoft, Cyberport, Animoca Brands, and the Hong Kong Trade and Development Council.

The forums took place in Hong Kong (July 3), Beijing (July 17), and Hangzhou (July 22) and provided a panoramic view of the region’s fast-emerging Web3 ecosystem development and policy interest.

Hong Kong Leads the Charge: Compliance at the Center

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The series launched in Hong Kong, where over 300 guests from the government, finance, and technology sectors gathered to explore the city’s “Digital Asset 2.0 Policy Declaration.”

Johnny Ng , Chairman of the Subcommittee on Issues Relating to the Development of Web3 and Virtual Assets in the Legislative Council in Hong Kong, emphasized that the policy aims to balance innovation and regulation, guided by the principle,“compliance as foundation, innovation as driver.”

A highlight was the announcement of the RWA Bridge Program, a joint initiative by Web3Labs and Plume, designed to help financial institutions onboard tokenized assets by offering funding, technical tools, and regulatory guidance under HK’s Digital Asset 2.0 policy. Target asset classes include money market fund, private credit, pre-IPO equities and alternative RWAs.

Plume also revealed plans to deepen its infrastructure footprint in Hong Kong, including the launch of an institutional-grade RWA trading platform integrated with leading global financial institutions such as Blackstone, Invesco, Apollo, World Liberty Financial, UBS, and more.

Teddy Pornprinya, Co-founder and Chief Business Officer of Plume shared how Plume can bring its experience to Hong Kong. "Plume’s asset management system is ready to serve the APAC region as it already serves several global institutions and has engaged in dialogue with the U.S. SEC Crypto Task Force to promote compliant digital asset development,” he said.

Focusing on Greater China: Beijing and Hangzhou

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The forums continued in Beijing and Hangzhou, reiterating the strategic importance of making the region a leader in RWA development and adoption.

Plume Chief Strategy Officer, Shukyee Ma, explored how Hong Kong’s compliance-first policy can serve as a blueprint for broader Web3 development in Asia.

Jack Kong, Chairman of Hong Kong Cyberport spoke in Hangzhou, capturing the essence of these meetings. “From Hangzhou to Hong Kong, the key to unlocking onchain opportunities lies in integrating regulatory compliance with practical applications,” he said.

Looking Ahead: Hong Kong and Mainland China at the Forefront

Together, these forums signaled a powerful trend: the alignment of policy leadership, institutional demand, and technical infrastructure to enable the next generation of financial markets. Hong Kong’s Digital Asset 2.0 policy is not just a local initiative, it is fast becoming a regional catalyst for RWA adoption, attracting capital and innovators across borders.

By uniting regulatory clarity with infrastructure readiness, Plume and Web3Labs are helping define a global standard for RWA tokenization, one rooted in compliance, interoperability, and real-world impact.