[BiyaPay Analyst: HSBC Gold Token Rises to Third Globally, RWA Sector Enters Acceleration Phase] BlockBeats News, November 11: The 'HSBC Gold Token' launched by HSBC Bank in Hong Kong for retail investors has surpassed $1 billion in total transaction volume and exceeded 100,000 transactions, becoming the third-largest gold token product globally. The token is denominated in Hong Kong dollars and is approved by the Hong Kong Securities and Futures Commission, making it the only compliant gold RWA product currently open to retail investors. BiyaPay analysts believe this signifies that RWA is transitioning from the institutional experimental phase to retail adoption, with traditional assets like gold being reshaped through blockchain technology. As regulations become clearer and liquidity improves, tokenized physical assets may emerge as one of the most promising crypto sectors by 2025. BiyaPay analysts also pointed out that the rising demand for stable returns and secure value storage will accelerate the expansion of the RWA ecosystem. Investors can use the BiyaPay platform to trade U.S. stocks, Hong Kong stocks, and futures with USDT, enjoy zero-fee cryptocurrency spot contract trading, and flexibly participate in the new wave of asset digitization.