In the keynote speech, the next phase positioning was clearly defined: to make complex technology hidden behind simple interactions, abstracting matching, risk control, compliance, operations, and community capabilities into composable interfaces to serve ecological partners and traditional institutions. Ju.com stated that this means exchanges are not only matching venues but also serve as a bridge between TradFi and Web 3. The "Global Digital Summit on Hong Kong Stock Liquidity," co-hosted by Ju.com and xBrokers, was held today at the Hehe Hotel in Wan Chai, with the theme "New Liquidity, New Ecology, New Hong Kong." The conference attracted over a hundred guests from regulatory bodies, listed companies, brokerages, research institutions, and the Web 3 ecosystem, focusing on topics such as Hong Kong stock liquidity, compliance of real-world assets (RWA), and cross-border settlement efficiency.

At the conference, Ju.com, as the hub of the exchange ecosystem, officially launched a set of "custodial, verifiable, and connectable" universal solutions in collaboration with compliance infrastructure partner xBrokers. Attendees expressed that this approach integrates real assets with on-chain certificates, licensed clearing, on-chain disclosures, fiat channels, and digital asset channels into the same framework, which is expected to bring higher accessibility and verifiability to the Hong Kong stock market.

Notably, National Committee member and Legislative Council member Lee Chan-kiang made a surprise appearance, eliciting warm applause from the audience. Member Lee has long been concerned about the development of Hong Kong's economy and people's livelihoods and has previously suggested launching a "Hong Kong Subsidy" plan to stimulate consumption and support small and medium-sized enterprises. His presence was seen as a sign of high-level policy attention to innovations in Hong Kong stock liquidity and the integration of Web 3. Lee Chan-kiang greeted the attendees and expressed his anticipation to hear more viewpoints. Participants generally believed that this move sends a positive signal from the policy level regarding the integration of financial technology and market innovation.

The key bridge between Ju.com aims to provide stable connection channels for institutions and users under compliance conditions.

As the technical focus of this summit, the xBrokers system elaborated on its "1:1 real stock custody + on-chain verification" foundation: on the traditional side, stocks are genuinely held and cleared by licensed brokerages, with accounts and permissions adhering to KYC/AML and local regulatory requirements; on the on-chain side, generating on-chain certificates that correspond one-to-one with real stocks, which are auditable and traceable, and recording key status changes using standardized disclosure templates. To address system integration issues, xBrokers showcased its API interconnectivity capabilities for brokerages/clearing systems, as well as dual pathways for fiat and digital assets under a compliant environment, striving to make traditional institutions plug-and-play and on-chain applications instantly verifiable.

At the application level, the solutions first focus on two scenarios: the first is early-stage and additional issuance capital market needs, reducing the connection costs for institutions and qualified investors through whitelisting and process compliance support; the second is secondary circulation, generating verifiable certificates for already custodied stocks and enhancing transparency and accessibility through standardized information disclosure. Regarding the market's concern about reserve arrangements, xBrokers stated that its goal is to improve liquidity and price stability in secondary scenarios within a compliance framework, with clear risk control parameters and disclosure mechanisms; related designs do not constitute any investment advice or offers, with the platform prioritizing investor protection and risk isolation.

During the roundtable session, guests discussed the combination of Web 3, RWA, and AI. Hong Kong Blockchain Association co-chair Fang Hongjin pointed out that the combination of decentralized and multi-centered mechanisms is becoming a key tool for enhancing cross-border liquidity in Hong Kong stocks; Aixinjueluo Dongtao, founder of the Great Health International, stated that listed companies urgently need to stimulate new value through on-chain financing and community interaction; Zhu Ye, chairman of the board of directors of Deep Science and Commerce Investment Group, emphasized that payment and financial technology infrastructure is the bridge connecting traditional markets and Web 3. Scholar representative and president of the Asia Blockchain Society, Dr. Cai Zhichuan, added that the implementation of RWA needs to form a closed loop within a compliance framework, rather than just being a technical experiment. David, a board member of Hong Kong Web 3 University, believes that education and institutional collaboration will play an important role in promoting industry standardization and application popularization. Wenrong from the medical beauty industry pointed out that the combination of Web 3 and AI is bringing new user engagement methods to the health and retail sectors; while Ashley, a business cooperation ambassador from Ocean Group, emphasized that the demand for transparency and compliance tools from cross-border enterprises will become an important driving force for future ecological development.

Former chairman of the Hong Kong Stock Connect, Wang Wenhan, candidly stated on-site: "Flow does not rot, and the door hinge does not get worm-eaten. Liquidity is the vitality of the market." He emphasized that the true value of asset tokenization lies in the integration of custody, clearing, verification, and disclosure, forming a regulatory closed loop. Li Nonghe, president of the World Federation of Chinese Business Associations, pointed out: "Hong Kong has a unique advantage in the RWA and Web 3 process, gathering the global Chinese business network, which is Hong Kong's greatest wealth."

For Web 3 users, price and connectivity capabilities are equally important. xBrokers introduced that the platform's index layer connects multiple exchanges and oracles to align real stock prices and enhance pricing transparency; at the same time, it plans standardized RWA tools and SDKs for developers, facilitating the expansion of scenarios such as collateralization, indexing, and risk management within compliance boundaries. Ju.com added that its global network and user service capabilities will bring actual traffic and educational content to the aforementioned infrastructure, lowering the threshold for users to access real assets and working with licensed institutions to improve investor protection and risk governance.

xBrokers also announced subsequent milestone directions: more brokerage API connections, expansion of custody and audit nodes, optimization of cross-border settlement processes, and enhancement of disclosure frequency and scope. The organizers stated that all related work will be based on local regulatory requirements and transparency principles, and will consolidate the methodologies and case studies from the conference into research and development materials aimed at the ecosystem, continuously updating them on official channels to promote further integration of traditional capital markets and the Web 3 Ju.com world.

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