On April 7, 2025, a grand gathering of Web3 industry elites - "LEAP NIGHT 2025 - Conflux Digital Finance Night" was successfully concluded during the Hong Kong Web3 Festival 2025. The event was jointly presented by Conflux Network and PANews, co-organized by dForce and PANONY, with ecosystem partners including Ant Group, AnchorX, Swappi, Meson, BitUnion, ABC Pool, Polyflow, PHX Pool, BlockBooster, SHUI, and others.
The event attracted Web3 industry leaders, entrepreneurs, investors, developers, and international media representatives from around the world, who discussed cutting-edge topics such as Real World Assets (RWA), regulatory technology, Layer 1 public chain ecology, and artificial intelligence.
(Moderator: Renee, Co-Founder of PeoplEarth)
Conflux's Three Strategic Directions: RWA, Stablecoins, and Payments
As the event organizer, Conflux co-founder Zhang Yuanjie elaborated on the three current development directions of Conflux from the perspective of blockchain infrastructure builders.
Zhang Yuanjie pointed out that RWA has always been a focus of the industry, but asset tokenization often faces liquidity issues that cannot fully leverage financing functions. To address this pain point, Conflux collaborated with Ant Technology on a green electric two-wheeler battery swap project, planning to put an asset package of approximately $3 million on-chain for refinancing. "We hope that after the project's success, we can expand to more RWA targets, whether new assets or larger asset packages, leveraging blockchain and crypto industry liquidity to solve investment problems for the real economy in Hong Kong and Mainland China," Zhang Yuanjie stated.
As the world's largest import and export country, China has a significant gap with the United States in the digital currency field. Zhang Yuanjie mentioned that the current USD stablecoin issuance has reached $220 billion, while the issuance of Hong Kong dollars and offshore RMB remains zero, indicating a huge market opportunity. Conflux is committed to becoming the infrastructure track for RMB stablecoins, creating an ecosystem for stablecoin issuance, distribution, and application scenarios. Currently, they are negotiating with the world's largest stablecoin issuer and have incubated an offshore RMB project with Hony Capital, which has obtained a license in Kazakhstan.
To address payment difficulties for industry professionals, Conflux is collaborating with payment networks like UnionPay and VISA to help users apply crypto assets to daily life payments. "Besides payments, we also plan to provide wealth management services, similar to Alipay's Yu'ebao model," Zhang Yuanjie explained. "The returns of these wealth management products will partly come from blockchain-native income and partly from underlying assets in traditional industries, such as the electric battery swap project mentioned earlier, and may expand to areas like photovoltaics and real estate loans in the future."
dForce's DeFi Innovation Exploration
Additionally, dForce founder Yang Min shared his industry observations and company strategy since entering the crypto in 2013. As an early DeFi project, dForce initially focused on lending protocols, later expanding to stablecoins and trading, covering almost all DeFi tracks.
Yang Min particularly emphasized the importance of RWA asset on-chain and liquidity provision. "In the past few cycles, the crypto market was mainly dominated by native assets like Bitcoin and Ethereum, but the income sources of these assets were relatively limited. Putting a large number of physical assets on-chain can not only provide more sustainable income sources for the entire crypto ecosystem but also attract and retain non-crypto users." He predicted that RWA as an asset class and application field will become one of the largest subdivisions in the next 3-5 years. dForce has previously collaborated with multiple institutions to promote US Treasury tokenization and provide lending services, helping Treasury holders obtain additional returns.
Yang Min noted that there are many intersection points and commonalities between AI and cryptocurrencies. "Although AI is still in its early stages in the crypto, we have already seen applications like AI frameworks and AI launchpads emerging." dForce is focusing on exploring the combination of AI and DeFi, using AI agents to help DeFi improve returns, manage risks, and automate strategies. "If AI can be combined with DeFi, the most mature infrastructure in the crypto, there will be huge application potential in terms of yield enhancement and automation."
Regarding the current market conditions, Yang Min believes the market has not truly reflected the fundamentals of the crypto. "After Trump takes office, there are many positive news in the crypto, with significant upside potential. The current market adjustment seems more influenced by macroeconomic factors, especially with recently introduced tariff policies that may take a few weeks to a month to gradually stabilize."
He observed that in this cycle, the correlation between crypto assets and macroeconomic factors is much higher than in previous cycles, partly because the ETF issuance has opened up liquidity channels between traditional finance and the crypto market.
Regarding investment timing, Yang Min suggested at the event that investors might need to wait a bit longer until the Trump administration's policies become clearer. "There are many disputes within the cabinet regarding the tariff policy, so it's best to wait a bit."
Moreover, many industry professionals and renowned institutions at the scene discussed the application prospects of blockchain technology in financial innovation, empowering the real economy, cross-border payments, and other areas. As these innovative concepts are implemented in practice, blockchain technology will open up more possibilities for future economic development.
