Subscribe Newsletter

Author: Wei Xiang

  • [TNF] How Startups Can Win in the Tokenized RWA Boom: A Playbook for Crypto Innovators 

    [TNF] How Startups Can Win in the Tokenized RWA Boom: A Playbook for Crypto Innovators 

    Wei Xiang

    On January 23, 2025, President Trump signed Executive Order 14178, launching a federal working group focused on digital assets. By July 30, the group published its findings in a 166-page report. The word “tokenized” appeared over 60 times — a clear signal that the U.S. government is embracing the tokenization of real-world assets (RWAs).  This… Read more

  • [Deloitte] On the Radar Digital Assets

    [Deloitte] On the Radar Digital Assets

    Wei Xiang

    While digital assets have proliferated over the past 16 years, we are just beginning to see their integration with global financial services. Among other developments, the first digital asset exchange-traded products have been launched in the United States and digital assets are being used as treasury assets as well as in governance and payment applications.… Read more

  • [BIS] Stablecoin growth – policy challenges and approaches

    [BIS] Stablecoin growth – policy challenges and approaches

    Wei Xiang

    This Bulletin takes stock of the current state of the stablecoin market and assesses the key policy challenges surrounding the circulation of stablecoins in public blockchains. Although stablecoins bear some resemblance to conventional financial products (such as MMFs, or money market exchange-traded funds), they present a unique set of challenges given their borderless and pseudonymous… Read more

  • [Web3 Accountant] 2025 WEB3 ACCOUNTANT CRYPTO ACCOUNTING REPORT PART 4 – CRYPTO ACCOUNTING AND AUDIT UNDER US GAAP

    [Web3 Accountant] 2025 WEB3 ACCOUNTANT CRYPTO ACCOUNTING REPORT PART 4 – CRYPTO ACCOUNTING AND AUDIT UNDER US GAAP

    Wei Xiang

    ,

    The New Standard for US GAAP Historically, digital assets were treated as intangible assets. Pre-December 15, 2024, and to the disdain of digital assets proponents, changes in fair value could only be reflected to the downside (as impairment), with no upward revaluations allowed. However, with the implementation of ASU 2023-08 (Subtopic 350-60), certain crypto-assets would… Read more

  • [Cryptopolitan] GLOBAL CRYPTOCURRENCY REGULATION IN 2025

    [Cryptopolitan] GLOBAL CRYPTOCURRENCY REGULATION IN 2025

    Wei Xiang

    ,

    Cryptocurrency regulation in 2025 has undergone a profound transformation.The global legal response to digital assets is no longer exploratory; it has matured into a multi-tiered framework that separates compliant jurisdictions from restrictive or ambivalent ones. The acceleration of regulatory development, particularly following the 2021-2023boom-bust cycles and a new global political climate post-Trump has left crypto… Read more

  • [HKMA] Joint Statement by the HKMA and the SFC on Stablecoin-related Market Movements

    [HKMA] Joint Statement by the HKMA and the SFC on Stablecoin-related Market Movements

    Wei Xiang

    The HKMA and SFC have warned about recent abrupt market movements linked to stablecoin-related announcements, speculations, and social media posts. Regulators emphasized that: Both regulators reiterated their commitment to a prudent approach, protecting investors, and maintaining the integrity of Hong Kong’s financial markets. https://www.hkma.gov.hk/eng/news-and-media/press-releases/2025/08/20250814-8 Read more

  • [KoinX] How to Reconcile Crypto Transactions and Close Your Books Accurately Each Month

    [KoinX] How to Reconcile Crypto Transactions and Close Your Books Accurately Each Month

    Wei Xiang

    ,

    Closing the books in a traditional business is quite different from Web3. This is because, in web3, wallets are spread across various blockchains, tokens use varying decimal points, transactions cross borders, and asset prices can swing in minutes. For accounting teams in Web3, crypto reconciliation isn’t just housekeeping. It’s the foundation for investor trust, audit… Read more

  • [CHASING MAVERICKS] Understanding Kenya’s new Excise duty on Digital Assets

    [CHASING MAVERICKS] Understanding Kenya’s new Excise duty on Digital Assets

    Wei Xiang

    Kenya’s 2025 Finance Act introduced a shift in how the Government taxes virtual asset transactions. After collecting about KSh 1.1 billion in revenue from a 3% Digital Asset Tax (“DAT”) over 21 months (September 2023–June 2025), the Government has repealed that turnover-based tax and replaced it with an excise duty on transaction fees. This change aims to… Read more

  • [Continuum] The Custody Problem in DeFi Asset Management

    [Continuum] The Custody Problem in DeFi Asset Management

    Wei Xiang

    As decentralized finance (DeFi) gains traction among institutional investors, fund managers are under pressure to navigate a new category of exposure: DeFi custody risk. Without a traditional custodian, and with asset control often tied to smart contracts and private keys, managers face legal and operational challenges that are frequently underestimated. Custody Risk is a Growing Regulatory… Read more

  • [WEB3 Accountant] 2025 WEB3 ACCOUNTANT CRYPTO ACCOUNTING REPORT PART 3 – 20 BASIC CRYPTO TERMS AND BASIC FINANCE FORMS

    [WEB3 Accountant] 2025 WEB3 ACCOUNTANT CRYPTO ACCOUNTING REPORT PART 3 – 20 BASIC CRYPTO TERMS AND BASIC FINANCE FORMS

    Wei Xiang

    ,

    20 Basic Crypto Terms Every Finance Should Know: Used to send and receive transactions on a blockchain network. An address is an alphanumeric character string, which can also be represented as a scannable QR code. An address can hold different token and exist on different chain.  A token distribution method used to send tokens to… Read more