{"id":240856,"date":"2026-05-07T07:20:00","date_gmt":"2026-05-07T11:20:00","guid":{"rendered":"https:\/\/news-you-need.com\/index.php\/2026\/05\/07\/xiao-fengs-hong-kong-speech-empowered-by-privacy-computing-all-commercial-institutions-will-become-token-factories\/"},"modified":"2026-05-07T07:50:12","modified_gmt":"2026-05-07T11:50:12","slug":"xiao-fengs-hong-kong-speech-empowered-by-privacy-computing-all-commercial-institutions-will-become-token-factories","status":"publish","type":"post","link":"https:\/\/news-you-need.com\/index.php\/2026\/05\/07\/xiao-fengs-hong-kong-speech-empowered-by-privacy-computing-all-commercial-institutions-will-become-token-factories\/","title":{"rendered":"Xiao Feng’s Hong Kong Speech: Empowered by Privacy Computing, All Commercial Institutions Will Become “Token Factories”"},"content":{"rendered":"

Xiao Feng’s Hong Kong Speech: Empowered by Privacy Computing, All Commercial Institutions Will Become “Token Factories”<\/a><\/p>\n

https:\/\/wublock.substack.com\/p\/xiao-fengs-hong-kong-speech-empowered<\/a><\/p>\n

Publish Date: 2026-05-07 07:20:00<\/a><\/p>\n

Source Domain: wublock.substack.com<\/a><\/p>\n

Speaker | Xiao Feng, Chairman of Wanxiang Blockchain, Chairman and CEO of HashKey Group<\/strong><\/p>\n

Compiled by | Wu Blockchain<\/strong><\/p>\n

Source: 2026 Hong Kong Web3 Festival<\/p>\n

TL;DR<\/strong><\/p>\n

\u00b7 Three-Token Model:<\/strong> The tokenomics incentive framework comprising equity tokens, utility tokens, and NFTs proposed by HashKey has been fully implemented within the group, laying the foundation for version 2.0.<\/span><\/p>\n

\u00b7<\/strong> <\/span>Agent Economy Innovation Path:<\/strong> The integration of AI Tokens (as means of production), Blockchain Tokens, and ZK\/Fully Homomorphic Encryption (FHE) privacy computing enables a disruptive business model that is trustless and permissionless.<\/span><\/p>\n

\u00b7<\/strong> <\/span>Token Factory Model:<\/strong> Commercial institutions tokenize data, making it globally accessible via blockchain features with real-time micropayments, thereby completely breaking down the barriers of offline negotiations and geographical restrictions.<\/span><\/p>\n

\u00b7<\/strong> <\/span>Commercial Breakthroughs in Privacy Computing:<\/strong> Fully Homomorphic Encryption (FHE) chips will reach a performance of 1,000 transactions per second (TPS) in the second half of the year. In the next 3 to 5 years, public chains will be able to meet the highest compliance requirements, driving a comprehensive return from private and consortium chains to public chains.<\/span><\/p>\n

\u00b7<\/strong> <\/span>Native Digital Assets and the New Financial System:<\/strong> Under the AI agent economy, entirely new native digital assets will emerge. This requires programmable money, payment networks, and capital market systems designed specifically for machines, which will significantly reduce business costs.<\/span><\/p>\n

\u201cTokenomics Whitepaper\u201d and the Three-Token Model<\/strong><\/p>\n

Good afternoon, distinguished guests!<\/p>\n

This afternoon\u2019s thematic forum is focused on Real-World Assets (RWA), and to open the session, we will release the <\/span>2026 Tokenomics Whitepaper.<\/span><\/p>\n

Looking back, HashKey began publishing the <\/span>Tokenomics Whitepaper in 2023. In the 2024 edition, we specifically proposed the \u201cThree-Token Model,\u201d which refers to the economic model encompassing equity tokens, utility tokens, and Non-Fungible…<\/span><\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Xiao Feng’s Hong Kong Speech: Empowered by Privacy Computing, All Commercial Institutions Will Become “Token…<\/p>\n","protected":false},"author":1,"featured_media":240857,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/substackcdn.com\/image\/fetch\/$s_!AhmX!,w_1200,h_675,c_fill,f_jpg,q_auto:good,fl_progressive:steep,g_auto\/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff79a18f2-c96c-4883-aee4-09182d322efa_980x671.png","fifu_image_alt":"","footnotes":""},"categories":[16],"tags":[],"class_list":["post-240856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-privacy"],"_links":{"self":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/240856"}],"collection":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=240856"}],"version-history":[{"count":1,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/240856\/revisions"}],"predecessor-version":[{"id":240858,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/240856\/revisions\/240858"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/240857"}],"wp:attachment":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=240856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=240856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=240856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}