[HashKey Capital CEO Deng Chao: The Time for Institutional Entry Has Arrived, Blockchain is the Internet of Value] During the 'Reshaping Treasury Strategies with Digital Assets' panel at Hong Kong FinTech Week, HashKey Capital CEO Deng Chao stated that with the regulatory framework and professional infrastructure becoming increasingly mature, the optimal time for institutions to enter the crypto market has arrived. Deng Chao pointed out that since 2018, HashKey has managed multiple institutional-grade funds, witnessing the industry's evolution from early exploration to institutionalized development. Today, the regulatory frameworks in Hong Kong and Singapore are continuously improving, and compliance and professionalism are becoming new turning points for blockchain finance. He further stated that HashKey operates under a 'global operations, local compliance' model, starting from Hong Kong and continuously expanding into the Asian, Middle Eastern, and European markets, aiming to build a global institutionalized digital asset ecosystem. In his view, the key trend in the next phase will be the deep integration of real-world assets (RWA) and digital asset treasuries (DAT). 'The internet carries information, while blockchain carries value,' Deng Chao concluded. 'Anything of value should ultimately be on-chain.'