---
title: "Former HKEX CEO: Tokenization cannot reduce the risks of underlying real-world assets."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278095154.md"
description: "Li Xiaojia, former CEO of the Hong Kong Stock Exchange and chairman of DripNet, stated that DripNet does not require tokenization of real-world assets (RWA) and will not issue RWA tokens, as tokenization does not mitigate the risks associated with these assets. He categorized virtual asset investors into five groups: early entrants, mid-term entrants, traditional financial institutions, decentralized concept professionals, and new investors often referred to as \"leeks.\""
datetime: "2026-03-06T12:06:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278095154.md)
  - [en](https://longbridge.com/en/news/278095154.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278095154.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/278095154.md) | [繁體中文](https://longbridge.com/zh-HK/news/278095154.md)


# Former HKEX CEO: Tokenization cannot reduce the risks of underlying real-world assets.

Li Xiaojia, former CEO of the Hong Kong Stock Exchange and co-founder and chairman of DripNet, responded to the question of whether DripNet, after launching its private equity fund process, might follow the new regulatory rules issued by the China Securities Regulatory Commission in February this year to be the first in the market to "produce" the tokenization of real-world assets (RWA). He stated that DripNet currently has no need for RWA tokenization and there is no need to issue RWA tokens, as tokenization cannot reduce the risk of the underlying real-world assets. Li Xiaojia also divided virtual asset investors into five categories: the first category is the earliest entrants, the second category is mid-term entrants, the third category is traditional financial institutions, the fourth category is traditional financial professionals with decentralized concepts, and the fifth category is what people commonly refer to as "leeks" (new investors who are easily exploited). (Caixin.com)

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