Cai Sir: The SFC understands the opportunities brought by Web3, but will be wary of potential risks / Laleverse economic tokens

Cai Zhonghui, interim head of the intermediary department of the Hong Kong Securities and Futures Commission (SFC), said at the event that the SFC understands the opportunities brought by Web3 and fully supports the use of new technologies to provide financial services and products in Hong Kong, but at the same time will be vigilant against potential risks and unswervingly protect investors and market integrity, so as to establish Hong Kong as a premier hub for Web3 and virtual assets. (PANews report)

Xiao Feng, chairman of Hong Kong-based Hashkey Capital, also talked about three economic tokens during Web3 week, 1. NFTs, 2. Utility tokens, 3. Security tokens will promote the economic ecology of Web3 in the future. At present, Flowring Technology has Lami NFT and utility token — SDA, and it is not ruled out that it will also promote security token (STO) with equity financing properties in the future to strengthen the ecological application of the metaverse concept Laleverse. (SDChain report)

SixDomainChain (SDChain) is the world’s first decentralized public blockchain ecosystem that integrates international standards of IoT Six-Domain Model and reference architecture standards for distributed blockchain.