Xiao Feng, Chairman of HashKey Group, kicked off the 2025 Hong Kong Web3 Festival, emphasizing blockchain’s transformative potential to reshape finance and the global economy. The festival hosted industry leaders like Vitalik Buterin (Ethereum) and Lily Liu (Solana), highlighting the disruptive role of blockchain technology in driving new financial innovations. This event brings together key figures from both the private and regulatory sectors, signaling Hong Kong’s commitment to establishing a robust and compliant Web3 ecosystem. The focus on DeFi protocols and RWA platforms signals the direction of future projects, which may drive market dynamics as witnessed by historical data showing increased interest in tokens like ETH and SOL following similar events.