"The Asia-Pacific RWA Tokenization Alliance" 2024 Semi-Annual Meeting is held in Singapore: The real application moment of RWA is coming

On June 26, the Asia-Pacific RWA Tokenization Alliance (APRTP) held its mid-2024 meeting at the Marina Bay Sands Convention Center in Singapore. Executives and representatives from world-class banks and core companies in the crypto industry such as QNB, CMB International, Amber Group, Bybit, Ceffu, LTP, Fireblocks, BTSE, Bouncebit attended the conference and participated in two panel summit forums.

Nathan Ma, founding member of APRTP and Chairman of DMZ Finance delivered an opening speech pointing out that 2024 is the inaugural year for RWA's integration with DeFi; real-world applications of RWA are imminent. He mentioned Blackrock's outstanding performance with their Tokenized Fund—BUIDL and ONDO's collaboration with DEX as evidence of this trend. As a Web3 technology partner to two world-class banks (QNB & CMB International), DMZ Finance provides solid technical infrastructure for RWA application in Asia-Pacific region.

Silas Lee - Head of Qatar National Bank (QNB) Singapore branch gave a keynote speech emphasizing that QNB views blockchain and tokenization as key initiatives for Qatar’s fintech strategy 2023. He also mentioned that QNB-DMZ fund is an important step towards fund tokenization hoping by his next address it would have successfully launched.

In one panel discussion executives from DMZ,QNB ,Bybit ,Amber Group & DC Capital discussed prospects & challenges for RWAs entering Centralized Exchange trading scenarios . The second forum saw executives from LTP ,Fireblocks,Ceffu,BTSE & Bouncebit discussing issues related to crypto ecosystem infrastructure .

The attendees unanimously agreed on huge potential for RWA Tokens across various DeFi scenarios like DEXs ,CEXs,lending platforms,stabelcoins etc., asserting that real-world applications of RWAs are imminent .

Highlights included two important ceremonies: the ribbon-cutting ceremony for "Theme DMZ Access Money Plus Fund" managed by CMBI (SG), with China Merchants Bank International (Singapore) as asset manager and DBS as custodian. This is the first Tokenized Fund managed by CMBI(SG). Also, a strategic cooperation memorandum was signed between Fireblocks and DMZ. With deep involvement of two banks from Asia-Pacific region, this area is playing an increasingly important role in crypto ecosystem.