In a recent keynote speech in Shanghai, Xiao Feng emphasized blockchain's potential to revolutionize financial market infrastructure. He described blockchain as a transformative technology that replaces traditional centralized systems with decentralized, real-time settlement processes. Feng highlighted the growing trend of tokenizing money and assets, which he believes will convert finance into a digital, algorithmic trust system. Feng also discussed the competitive landscape in the U.S., where fully decentralized and hybrid tokenization models are vying for dominance. He underscored the irreversible shift towards these new models, suggesting that they represent the future of financial systems.