Xiao Feng, Chairman and CEO of HashKey Group, stated at the 2024 Hong Kong SmartCon conference hosted by Chainlink that on-chain and in-chain represent different states of real assets and digital assets, and that blockchain helps improve the marginal utility of business models. He pointed out that HashKey's recently launched Ethereum L2 public chain, HashKey Chain, will build a compliance-friendly ecosystem that encourages innovation, allowing traditional finance and Web3 users to share the infinite possibilities and values brought by blockchain technology and applications.

Odaily Planet Daily reported that at the 2024 Hong Kong SmartCon conference hosted by Chainlink, Dr. Xiao Feng, Chairman and CEO of HashKey Group, stated: "From the perspective of oracles, or on-chain perspectives, all assets can be viewed as existing in two states—one is 'on-chain', meaning real-world assets or assets that require digital twins, where the key lies in the tokenization from off-chain to on-chain; the other is 'in-chain', meaning digitally native assets, where the key lies in the bonding from on-chain to off-chain. Thus, achieving interoperability between on-chain and off-chain.

DePIN involves putting hardware devices on-chain, but going on-chain is not the ultimate goal; rather, it aims to achieve the tokenization of real-world assets. To some extent, there is an intersection between RWA and oracles. All on-chain operations ultimately aim to establish a commercial closed loop, facilitating global investors in mobilizing liquidity for investment. Distributed ledgers and blockchain networks will help improve the marginal utility of business models and significantly reduce costs."

He pointed out that HashKey's recently launched Ethereum L2 public chain, HashKey Chain, will build a compliance-friendly ecosystem that encourages innovation, allowing traditional finance and Web3 users to share the infinite possibilities and value brought by blockchain technology and applications.

Xiao Feng, Chairman and CEO of HashKey Group: On-chain and off-chain represent different states of real assets and digital assets; blockchain helps improve the marginal utility of business models.