CZ backs Hong Kong as an RWA and DEX growth hub

Binance founder Changpeng “CZ” Zhao backed Hong Kong as a potential Web3 and real-world asset hub during an August 27 book meeting in the city. Summary CZ described Hong Kong and Web3 as a strong combination during August 27 book meeting. Hong Kong regulators had authorized thirteen tokenized products by March 2026, according to SFC data. CZ predicted tokenized securities and other real-world assets will become a major Web3 development direction. CZ said easing U.S. regulatory pressure could accelerate decentralized exchange growth, without announcing specific projects. Hong Kong’s Project Ensemble is testing transactions involving tokenized deposits, funds, bonds and other assets. The event took place at Exchange Square in Central, according to the organizer. CZ discussed Hong Kong’s financial sector, tokenized securities and the development of decentralized exchanges. His comments represented personal forecasts rather than new Binance projects or investment commitments. CZ says Hong Kong can connect finance with Web3 CZ said Hong Kong benefits from its status as a financial center, access to professionals from mainland China and established institutional relationships. He describ...