HashKey Tokenisation CEO Liu Jia: RWA's "programmability" will reshape the "impossible triangle" of revenue, efficiency, and risk.

Anna stated, "We are at the most transformative stage of RWA—shifting from the traditional 'asset on-chain' model to a dynamic, programmable stage that leverages smart contracts to reshape the entire asset lifecycle." She pointed out, "Innovations such as programmable collateral, atomic settlement, embedded compliance, and automated allocation mechanisms will drive RWA to build a 'programmable economy'; even though the dynamic balance of the 'impossible triangle' of returns, efficiency, and risk control still exists, RWA's 'programmability' can build a more resilient and inclusive financial system."