Speaking at SmartCon 2024 organized by Chainlink, Dr. Xiao Feng, Chairman and CEO of HashKey Group, said, “From the prophecy machine perspective, or the on-chain perspective, all assets can be viewed as being in 2 states - one is ‘on-chain’, i.e., real world assets or assets that require digital twins. One is 'on-chain', i.e., real-world assets or assets that require digital twins, and the key lies in tokenization from off-chain to on-chain; the other is 'on-chain', i.e., digitally native assets, and the key lies in bonding from on-chain to off-chain.