Dr. Xiao Feng, Chairman and CEO of HashKey Group, emphasized the natural alignment of blockchain technology with peer-to-peer trading at the 2026 Crypto Finance Forum held at the University of Hong Kong on February 12. He noted that most real-world assets (RWA) are not suited for the continuous auction matching mechanism of traditional exchanges, but rather align with non-continuous, peer-to-peer over-the-counter (OTC) trading structures. Dr. Xiao suggested that blockchain's distributed ledger technology could potentially reconstruct the on-chain OTC market in the future.