Recently, at the Bund Conference, a statement made by Ant Group CEO Han Xinyi has attracted widespread attention. He clearly stated that the company will resolutely not issue Virtual Money and will not participate in any related speculation. This statement undoubtedly has brought a significant impact to the Crypto Assets market.

As a tech giant, Ant Group's attitude seems to be sending a clear signal to the market: a truly valuable token economy should be based on the real economy, rather than a house of cards.

Currently, the global Web3 asset scale has reached approximately 3.8 trillion dollars, but most of it remains in the realm of speculation and value storage. Ant Group's stance may indicate that major internet companies are adjusting their direction, and even the application for Hong Kong stablecoin licenses has seen some major platforms absent.

Regulatory authorities have long indicated a direction of "devirtualization towards reality." This is undoubtedly a significant blow to projects that expect large companies to issue coins to boost the market. However, this does not mean the end of the crypto space. On the contrary, Ant Group also pointed out that "asset tokenization" and "token payment" are the future development directions.

Now, we have seen that physical assets such as new energy and computing power are gradually going on-chain, and payment scenarios are extending from exchanges to everyday consumption. Whoever can convert physical assets, energy consumption, data, etc., into on-chain tokens has the potential to seize the next wave of development dividends. After all, true value always exists in the real economy, not in abstract concepts.

In the short term, large companies distancing themselves from Crypto Assets may trigger market fluctuations. However, in the long run, this could help the industry to de-bubble and return to its essence. Investors should adjust their perspective and follow directions such as Real World Assets (RWA), compliant payments, and empowering the实体经济.

As Ant Group emphasized: "Stable development is more important than pursuing speed and novelty." By 2025, the crypto field may face a significant test of "devirtualization," and projects that fail to transform in time will likely be eliminated by the market.