TechubNews

At the 2026 Hong Kong Consensus Conference, industry leader Eugene Xiao discussed the importance of the digitization of real-world assets (RWA) and digital identity sovereignty, emphasizing the key role of DID protocols in addressing current market trust issues and achieving asset liquidity. He proposed four core variables to promote RWA development and envisioned DID becoming the universal clearing protocol in the field.

DeFi derivatives protocol Polynomial ceased operations on February 14, entering the winding-down phase, shutting down Polynomial Chain and Trade, and canceling the first quarter TGE plan. The lack of liquidity was the root of the problem; the team will retain participant data, and the new company will still be related to derivatives.

In early February 2026, Hunan Province's digital RMB pilot program delivered a remarkable milestone. According to a report by Hunan Daily on February 4, by the end of 2025, the total transaction amount of digital RMB in the province had exceeded 56.7 billion yuan, supporting over 600,000 merchants. The number of wallet accounts reached 25.38 million, and the monthly transaction activity ranked among the top in nationwide pilot regions. More importantly, the report explicitly stated that starting from January 1, 2026, the digital RMB system officially entered the "Digital Deposit Currency Era."
This institutional leap marks a shift in the development focus of digital RMB from initial scene expansion and user cultivation to deeper financial functionality evolution and ecosystem construction. For the RWA Research Institute, which focuses on cutting-edge financial technology, this is not just a successful local pilot case but also an observation point for how China's legal digital currency is reshaping real-world assets.