Xiao Feng’s closing speech: Changes in wealth structure require new financial infrastructure, and blockchain is the best solution

Foresight News reported on the spot that at the 2025 Shanghai Blockchain International Week, Xiao Feng, chairman of Wanxiang Blockchain and chairman and CEO of HashKey Group, said in the closing speech with the theme "Blockchain: New Financial Infrastructure" that blockchain, as a new financial infrastructure, does not require the endorsement of authoritative institutions compared to traditional financial infrastructure. Payment, clearing, and settlement can be completed in real time without the need for branches, and all processes can be completed online using mobile devices. Xiao Feng said that from the legislation of Congress to the issuance of executive orders by the president to the regulatory framework provided by regulatory agencies, the United States is actually reconstructing its financial infrastructure and realizing the transformation from digital native to digital twin, that is, from the development of blockchain-native assets to the tokenization of funds and tokenization of assets.

Xiao Feng believes that the credit attribute of money has gone through three stages. The first stage is natural currency (shells, gold), the second stage is legal currency (legal currencies of various countries), and the current third stage is technical currency (such as Bitcoin). Tokenized currency has dual legal and technical attributes and is the latest form of currency. With the development of technology, the wealth structure has changed, and assets have changed from obtaining value from the rearrangement of atomic structures (such as changing the form or properties of matter) to obtaining value from the rearrangement of bit structures (digital gold), and the new wealth structure requires new financial infrastructure. Regarding the question "Why is tokenization needed?", Xiao Feng believes that the main reason is that tokenized assets (or currencies) have global liquidity, new clearing and settlement models, high capital turnover efficiency, and programmability.


Disclaimer: The views in this article only represent the author's personal views and do not constitute investment advice from this platform. This platform does not make any guarantees about the accuracy, completeness, originality and timeliness of the information in the article, nor is it responsible for any losses caused by the use or reliance of the information in the article.