Against the backdrop of a persistently divergent global macroeconomic environment and the continuous reshaping of asset allocation logic, the global digital asset financial services group BIT hosted the "Global Asset Strategy Forum" in Central on April 22, 2026, under the theme "Transcending Cycles, Defining the Future." The event brought together numerous industry representatives from financial institutions, crypto platforms, and professional service agencies, including BIT Founding Partner & CCO Cynthia Wu, BIT CBO Wendy Sun, Cactus Custody CEO Daniel Lee, BIT Asset Management Head Daniel Yu, BIT Brokerage Head Elio Cui, and Matrixdock BD Head Josh Wu, who were present on-site; WuBlockchain Editor-in-Chief Colin Wu, renowned financial blogger Roger Lee, and guests from institutions such as OSL, JunHe LLP, Ondo Finance, and Uweb also participated.
Centering on core topics such as cross-market investment opportunities, the regulatory path for compliant stablecoins, and the role of gold and silver in the digital economy, multiple guests engaged in in-depth discussions from various professional perspectives, exploring new paradigms for asset allocation in the Web3 era, from macro trends to asset structures.
In her opening remarks, BIT Founding Partner & CCO Cynthia Wu reviewed the evolution of the blockchain financial market and pointed out that the industry is entering a new stage of comprehensive institutionalization. From the early stage driven by mining and retail speculation, to the expansion period propelled by DeFi and NFTs, and now to the current development stage against a backdrop of gradually clearer regulations, the approval of spot ETFs, and the rise of RWA, digital assets are accelerating their integration into the mainstream asset allocation system.
She emphasized that this transformation is reflected not only in the change of participants but also in the continuous improvement of infrastructure, risk management, and compliance systems. Compared to the traditional financial asset market, which is as large as $400 trillion, on-chain assets are still in their early stages, and RWA will become an important bridge connecting the two. In this context, building financial infrastructure and asset systems oriented towards institutions will be a key direction for the industry's next phase. Cynthia also shared the brand connotation of BIT, emphasizing a foundation of integrity and trust to connect traditional finance with digital assets and jointly build a future-oriented financial system.
In the first discussion on Web3 and traditional market trends, guests generally believed that a significant structural "reversal" is occurring between the two. On one hand, the Web3 market is gradually returning to rationality, shifting towards a profit and fundamentals-oriented approach, with the model solely reliant on token issuance continuing to cool down; on the other hand, the traditional stock market, driven by the AI boom, is experiencing simultaneous expansion in valuation and sentiment, with capital and attention increasingly concentrated on U.S. stocks. This trend reflects a phased reallocation of capital: some funds previously active in the crypto market are flowing towards traditional markets with stronger certainty and industrial narratives. Against this backdrop, the demand for cross-market allocation is rising, and traditional assets like U.S. stocks are gradually becoming an important focus for digital asset investors.
From a macro and industrial perspective, the current market environment also provides support for risk assets. The U.S. economy presents a "Goldilocks" environment, maintaining a relative balance between growth and inflation, while the commercialization progress of the AI industry is accelerating, driving rapid growth in corporate revenues and further strengthening market confidence. In contrast, the crypto market still exhibits high volatility, while the stock market emphasizes industrial chain logic and forward-looking layout capabilities, especially in the AI hardware and infrastructure sectors, where investment opportunities rely more on medium to long-term judgment. Overall, capital, narratives, and structural opportunities are being redistributed, pushing both types of markets into a new phase.
In the roundtable discussion on compliant stablecoins, guests engaged in an in-depth exploration of regulatory paths and trust mechanisms. As major jurisdictions such as the United States, Hong Kong, the European Union, and Singapore progressively advance relevant legislation, stablecoins are gradually being incorporated into clear regulatory frameworks. Participants generally agreed that "compliant stablecoins" need to obtain regulatory approval or hold licenses in the corresponding regions and be backed by fiat currency as underlying assets; in contrast, algorithmic stablecoins still face significant uncertainty in terms of compliance.
Regarding the trust mechanism, guests pointed out that the basis for stablecoin recognition is undergoing a transformation—from the so-called "stablecoin" in early regulatory contexts to now being formally incorporated into legal terminology, reflecting a change in regulatory attitude. Simultaneously, a consensus is gradually forming within the industry around core issues such as stability, reserve adequacy, and regulatory oversight: ensuring redemption capability through full reserves and enhancing transparency and regulatory visibility through technologies like on-chain tracking. Overall, the trust foundation of stablecoins is shifting from单一信用背书 (single credit endorsement) to a system supported by assets, structure, and regulation. Wendy Sun also stated that, at this stage, compliant stablecoins are beginning to gain a clearer institutional positioning.
In the RWA专题讨论 (RWA thematic discussion), guests analyzed the price logic and structural characteristics of precious metal assets like gold. Overall, gold, as a typical low-risk asset, has a price performance highly correlated with the U.S. dollar interest rate cycle and liquidity environment: during periods of declining interest rates, the opportunity cost of holding gold decreases, while a weakening dollar also drives its relative appreciation. Additionally, factors such as geopolitics, energy price volatility, and changes in monetary policy expectations can further amplify gold price fluctuations and upward momentum.
From a supply and demand structure perspective, the supply of precious metals has a certain rigidity and is difficult to significantly increase in the short term, while continued central bank gold purchases provide long-term support for prices, though this is not the dominant short-term factor. In general, the core pricing of assets like gold still lies in macro interest rate and liquidity expectations. Against this backdrop, precious metals possessing "low-risk attributes + macro hedging capabilities" are becoming one of the most representative underlying asset types within the RWA system.
This sharing session, from multiple dimensions including macro cycles, market structure, and institutional evolution, presented a clear path for the digital asset industry moving into its next phase: shifting from narrative-driven to structure-driven, from单一市场 (single market) to cross-market integration, and from experimental exploration to institutionalized and institutional development. In this process, whether it is compliant stablecoins, RWA asset systems, or institution-oriented infrastructure construction, they are essentially answering the same question: how to build a financial system with a stronger foundation of trust.
This is also the core direction emphasized by BIT: building long-term sustainable financial structures that transcend cyclical fluctuations, based on trust and connecting different markets, assets, and participants.
Disclaimer: This article is solely a summary of industry summit viewpoints and macro trend sharing and does not constitute any investment advice, financial product promotion, or trading invitation. The market contains uncertainties and various risks. The views involved in this article are for reference only.
