At the 2024 Hong Kong SmartCon conference held by Chainlink, Dr. Xiao Feng, Chairman and CEO of HashKey Group, said: "From the perspective of the oracle, or the on-chain perspective, all assets can be regarded as being in two states - one is 'on-chain', that is, real-world assets or assets that require digital twins, the key is the tokenization from off-chain to on-chain; the other is 'on-chain', that is, digital native assets, the key is the bondization from on-chain to off-chain. As a result, the on-chain and off-chain are interoperable.
DePIN is to put hardware devices on the chain, but the chain is not the ultimate goal, but to achieve the tokenization of real assets. To some extent, RWA and oracles have an intersection. The ultimate goal of all on-chain operations is to establish a business closed loop and facilitate global investors to mobilize liquidity for investment. Distributed ledgers and blockchain networks will help improve the marginal utility of business models and significantly reduce costs."
In addition, he said that Hashkey Chain will be launched in the near future and will run in the form of Ethereum L2 network.