Anna Liu, CEO of HashKey RWA, addressed the 2026 Hong Kong Web3 Carnival, revealing that the RWA market is nearing $3 billion. Liu highlighted that HashKey Chain has deployed 11 tokenized products, with HK$2 billion in on-chain RWA assets, including Hong Kong's first tokenized gold ETF. Liu identified four major challenges facing the RWA sector: ensuring the authenticity of underlying assets, addressing oracle issues, overcoming liquidity constraints, and managing cross-border compliance complexities. She emphasized the need for high-quality assets and robust market infrastructure to enhance liquidity and recommended integrating compliance planning from the outset. Liu also noted the global tokenized RWA market's rapid growth, reaching nearly $30 billion in Q1 2026, marking a 260% increase year-over-year.