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Hong Kong Web3 Festival: The Agent Economy and RWA Reshaping Global Finance Beyond the Event

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HONG KONG, June 5, 2026 /PRNewswire/ — Jointly hosted by Wanxiang Blockchain Labs and HashKey Group and organised by W3ME, the 4th Hong Kong Web3 Festival continues to resonate globally well after its conclusion. Drawing tens of thousands of participants worldwide, the event not only generated meaningful economic activity in Hong Kong but also reinforced the city’s role as a convening hub for regulators, traditional financial institutions, technology innovators and investors.

What sets the Hong Kong Web3 Festival apart from many other industry gatherings is its unusually high concentration of decision-makers. International attendees accounted for over 60%, including founders, institutional investors, listed company executives and high-net-worth individuals. Delegations led by economist Ren Zeping, HKU Business School executive education cohorts, and senior executives from listed firms all point to a clear shift: Web3 is moving beyond crypto-native discourse into a strategic agenda for mainstream capital and the real economy.

Beyond networking and discussions, the festival delivered a series of clear policy signals, technology roadmaps and commercial directions. The Honourable Paul CHAN Mo-po, GBM, GBS, MH, JP, Financial Secretary of the Government of Hong Kong, described the convergence of Web3 and artificial intelligence as a transformative force capable of reshaping industries and business models. Mr Joseph H. L. CHAN, JP, Under Secretary for Financial Services and the Treasury, Financial Services and the Treasury Bureau, Hong Kong, highlighted the four-pillar “LEAP” framework introduced under Hong Kong’s Digital Asset Development Policy Statement 2.0, noting that legislative work is underway and draft bills are expected in 2026.

Further reinforcing Hong Kong’s commitment to digital asset development, Dr. YIP Chee Hang, Executive Director of Intermediaries, Securities and Futures Commission of Hong Kong, announced that licensed virtual asset trading platforms would be allowed to facilitate secondary market trading of authorised tokenised funds, widely seen as one of the most significant regulatory developments of the festival. Duncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong Kong, also emphasised that regulatory clarity is fundamental to industry growth, adding that Hong Kong’s stability and transparency remain key competitive advantages in attracting compliant global projects.

Technology development was another central theme of the event. Ethereum co-founder Vitalik Buterin outlined a roadmap focused on scalability, security and long-term resilience. In the near term, Ethereum’s priorities include broader deployment of zkEVM technologies and preparations for a future shaped by quantum computing.

At the same time, discussions increasingly moved beyond infrastructure and toward the future economic systems that emerging technologies may enable. Dr. Xiao Feng, Chairman of Wanxiang Blockchain, Chairman and CEO of HashKey Group, argued that the convergence of AI tokens, blockchain tokens and privacy-preserving computing will give rise to an “Agent Economy”, with programmable digital currency as its core foundation. He added that AI tokens should be viewed as productive assets rather than money, while the “lifeblood” of future systems will be programmable money designed for machines.

Discussions around RWA and tokenisation highlighted a broader shift from product-centric to service-based models, where tokenisation lowers access costs to high-value assets and enables subscription or usage-based pricing structures. Industry participants noted that this model is increasingly relevant to emerging sectors such as robotics, drones and intelligent equipment. Looking ahead, intelligent devices are expected to carry their own digital identities and wallets, with machine-to-machine payments gradually complementing human transactions. Stablecoins, with their programmability, 24/7 availability and borderless nature, are widely seen as the preferred settlement layer for a machine-driven economy. The consensus is that large-scale adoption will be driven by utility and real economic demand rather than education or speculation.

The growing involvement of traditional financial institutions further underscored the industry’s evolution. Fu Peng, Chief Economist of Bitfire Group, argued that digital assets are following a trajectory similar to fixed income, currencies and commodities markets, evolving toward a “FICC+C” allocation framework. Participation from institutions such as Sharplink, BlackRock, JPMorgan underscores the accelerating convergence between traditional finance and the digital asset sector.

After four editions, the Hong Kong Web3 Festival has gradually evolved into a key global platform for digital asset dialogue, fostering sustained engagement among policymakers, enterprises and investors. As Hong Kong continues to advance a development strategy that balances regulatory clarity with technological innovation, its digital asset ecosystem is entering a new phase of growth. Under the dual engines of compliance and innovation, Hong Kong’s digital economy is accelerating into a more complex and structurally deeper phase, further reinforcing its institutional strengths and resilience as an international financial centre.

 

View original content:https://www.prnewswire.com/apac/news-releases/hong-kong-web3-festival-the-agent-economy-and-rwa-reshaping-global-finance-beyond-the-event-302792539.html

SOURCE Hong Kong Web3 Festival

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POST HOUSE REPORTS 88% YEAR-OVER-YEAR REVENUE GROWTH AS DEMAND FOR LUXURY WELLNESS EXPERIENCES ACCELERATES IN THE HAMPTONS

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Luxury fitness and content platform surpasses 40,000 annual client visits, records 139% attendance growth, and explores strategic expansion opportunities beyond Sag Harbor

SAG HARBOR, N.Y., June 5, 2026 /PRNewswire/ — Post House, the Sag Harbor-based fitness studio, content platform, and experiential wellness destination founded by celebrity trainer Walter Savage and Emmy Award-winning filmmaker Geno McDermott, today announced significant year-over-year growth across revenue and attendance, reflecting continued demand for premium fitness, wellness, and lifestyle experiences in the Hamptons.

Since opening its flagship location, Post House has established itself as a destination for performance-driven training, community experiences, premium content creation, and brand partnerships. The company reported 88% year-over-year revenue growth and 139% year-over-year attendance growth, driven entirely through organic demand without paid customer acquisition. The company recorded more than 40,000 client visits over the past year at its Sag Harbor flagship, which has attracted a growing community of residents, seasonal visitors, founders, creatives, athletes, and influencers. Beyond the studio floor, Post House has expanded its presence through collaborations with brands including Rivian, Evian, and NOBULL while producing more than 100 hours of owned content that extends the brand’s reach beyond its physical location.

“From day one, our vision was to create something bigger than a traditional fitness studio,” said Walter Savage, co-founder of Post House. “We wanted to build a destination where performance, wellness, community, and culture could come together in a meaningful way. The growth we’ve experienced reflects a broader shift in how consumers want to engage with fitness today — not simply as a workout, but as part of a lifestyle.”

The momentum was particularly evident over Memorial Day Weekend, one of the Hamptons’ busiest seasonal periods, when Post House sold out more than 20 classes across its proprietary programming and partner-led concepts, generating waitlists across much of its schedule. Demand spanned multiple formats, including House Circuit, SavageBody, KKSweat, Pvolve, Forma Pilates, and Sculpt with Danielle Waleko.

Notable attendance and waitlist figures included:

House Circuit with Walter Savage: 36 attendees, 6-person waitlistSavageBody with Walter Savage: 30 attendees, 16-person waitlistHouse Circuit with Halsey Burton: 36 attendees, 27-person waitlistHouse Circuit with Justin Mirra: 30 attendees, 11-person waitlistSculpt with Danielle Waleko: 39 attendees, 15-person waitlistKKSweat Sculpt with Kara Liotta: 42 attendees, 19-person waitlistPvolve with Mel Ramos: 27 attendees, 10-person waitlistForma Pilates: 12 sold-out classes throughout the weekend

In several instances, waitlist demand exceeded available capacity by double digits, reflecting strong consumer demand across both Post House’s founder-led offerings and partner programming.

Beyond its fitness programming, Post House has expanded into content production, brand partnerships, and experiential activations, Post House was intentionally designed to operate as more than a traditional studio. The 5,000-square-foot destination combines high-performance training, premium content production, community experiences, and brand activations under one roof. Three studios operate simultaneously, bringing together strength training, Pilates, mat-based programming, private coaching, and partner-led concepts within a single ecosystem. The company also produces content and brand campaigns in-house, extending the reach of its programming and partnerships beyond the physical studio, creating a model that extends engagement beyond the physical studio experience.

“Post House sits at the intersection of fitness, media, and culture,” said Geno McDermott, co-founder of Post House. “Our backgrounds in performance training and content production shaped a business model that allows us to create experiences people want to participate in and stories they want to share. That combination has created meaningful momentum for the brand and opened opportunities well beyond the four walls of the studio.”

Building on its growth trajectory, Post House is evaluating expansion opportunities in additional markets as it continues investing in programming, content production, brand partnerships, and community experiences. The company expects future growth to be driven by a combination of geographic expansion, strategic partnerships, and continued investment in its integrated fitness and content platform.

For more information and class schedules, visit https://www.posthouse.live/ and follow @posthousehamptons. 

About Post House
POST HOUSE is a Sag Harbor-based fitness studio, content platform, and experiential wellness destination redefining luxury training in the Hamptons. Founded by celebrity trainer Walter Savage and Emmy Award-winning filmmaker Geno McDermott, the 5,000-square-foot flagship blends high-performance strength training with the energy and creativity of live production. Designed as a multi-room studio, Post House brings together strength training, Pilates, and mat-based programming under one roof, with classes and coaching experiences unfolding simultaneously across the space. Beyond fitness, Post House operates as a vertically integrated content studio, producing premium brand activations and capturing workouts and cultural moments in-house. Rooted in Sag Harbor but drawing clients from New York, Los Angeles, Miami, and beyond, Post House has quickly become a destination for founders, creatives, and tastemakers who treat wellness as part of their lifestyle.

Media Contact:
Studio Beauty
posthouse@studiobeauty.io

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SOURCE Post House

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SANCTUARY WEALTH WELCOMES VALEN PRIVATE CAPITAL AS A NEW PARTNER FIRM

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Former wirehouse advisor managing $477 million launches independent firm serving ultra-high-net-worth families

MIAMI, June 5, 2026 /PRNewswire/ — Sanctuary Wealth (Sanctuary), an industry-leading hybrid RIA that helps elite financial advisors thrive with greater freedom, flexibility, control and choice, welcomes Valen Private Capital, LLC and its founder, John Durham, J.D., LL.M., as its latest Partner Firm. The former Merrill Lynch advisor joins Sanctuary after overseeing $477 million in total assets for a select group of families.

“John has spent decades building a highly specialized practice around the needs of an exclusive group of families,” said Vince Fertitta, President, Wealth Management, Sanctuary Wealth. “As he considered establishing his own firm and unlocking the asset he worked so hard to build, John’s top priority was a robust platform with UHNW capabilities that would enable him to fulfill his vision of expanded services and solutions for the families he serves. Free from the constraints of a wirehouse environment, he is now positioned to play an even more significant role in his clients’ lives and able to provide them with bespoke, holistic advice.”

Valen Private Capital was founded to serve a concentrated group of families, including many with substantial wealth, complex balance sheets and multi-generational planning needs. The firm combines investment management, planning coordination and high-touch service with a focus on helping families make thoughtful decisions about capital, responsibility and legacy. The firm aims to help families motivate the next generation to build something of their own beyond inherited wealth.

Durham is the latest former wirehouse advisor to join Sanctuary in pursuit of greater control over his business and client experience. Sanctuary’s model allows advisors to choose the affiliation structure that fits their goals while providing access to the investment, planning, technology and operational resources needed to support complex client relationships.

“As I evaluated independence, I wanted a partner that would allow me to build Valen Private Capital around my clients – not force my clients into someone else’s model,” said Durham. “Sanctuary offered the combination of flexibility, experienced support and UHNW resources I was looking for, while allowing me to retain control of the firm I am building. That was important to me, my family and the families we serve.”

Durham has more than 25 years of wealth management experience. He joined Merrill Lynch in 2004, where he developed personalized solutions for individuals and families of substantial wealth.

He earned his Juris Doctor from Delaware Law School and his Master of Laws in Taxation from the Villanova University School of Law. Durham also holds an Estate Planning Certificate from Villanova University School of Law.

Benjamin Durham, who was most recently a Wealth Management Specialist at Merrill Lynch in New York, joins Valen Private Capital as a Partner & Director of Financial Planning. Lisa Downey, who has worked with John Durham as an assistant for years, has also joined the new firm. 

“Valen Private Capital reflects the kind of sophisticated advisor who continues to choose Sanctuary,” said Adam Malamed, CEO of Sanctuary Wealth. “John wanted more than a place to affiliate. He wanted a platform that would respect the business he built, strengthen the resources available to his clients and give him room to create value over time. We are excited to welcome John, Ben and Lisa to Sanctuary and look forward to supporting Valen Private Capital in this next phase.”

About Sanctuary Wealth
Sanctuary is a leading hybrid RIA that provides comprehensive wealth management solutions, platform partnerships and strategic capital investments to sophisticated independent wealth management firms.

Through its Partnered Independence model, Sanctuary helps advisors seeking greater freedom, flexibility, control and choice transition from large financial institutions and build enduring businesses of their own.

Sanctuary Wealth was built to serve elite wirehouse breakaway advisors. Today, Sanctuary supports a growing community of partner firms and business models with integrated technology, marketing, operations and a robust, open-architecture platform, enabling advisors to serve clients at the highest level while building long-term enterprise value.

Media Contact for Sanctuary Wealth:
Donald Cutler
Haven Tower Group
424-317-4864
dcutler@haventower.com

View original content:https://www.prnewswire.com/news-releases/sanctuary-wealth-welcomes-valen-private-capital-as-a-new-partner-firm-302792728.html

SOURCE Sanctuary Wealth

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Arctech Shines at SNEC 2026, securing over 3 GW orders with its “Tracker+” Ecosystems

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SHANGHAI, June 5, 2026 /PRNewswire/ — Arctech, a global leader in solar tracking and smart energy solutions, made a strong impression at SNEC 2026 in Shanghai, showcasing its comprehensive “Tracker+” Ecosystems. The exhibition demonstrated the company’s full-scenario capabilities across complex terrains.

The spotlight fell on two integrated solutions.

“Tracker+” Solutions
For the first time since its official launch in May, Arctech presented the SkyLine II all‑terrain intelligent tracking system. Built on four core principles – “All-Terrain Adaptability, All-Scenario Reliability, Full-Lifecycle Shared Success, Full-Ecosystem Compatibility”, this cutting-edge system is engineered to turn challenging lands into high-value energy assets.

Alongside it, the SkyFlex cable mounting system and the Star Shine I autonomous cleaning robot completed the intelligent tracking lifecycle, serving varied scenarios from Gobi and sandy terrain, to agrivoltaics, aquavoltaics, and hilly landscapes.

Yang Ying, Chief Technology Officer of Arctech, introduced two intelligent equipment innovations on site – the Arctech Piling Robot and Automatic Installation Robot. Together, they enable one‑click, all‑weather construction, dramatically reducing labor and installation costs while boosting efficiency. These innovations mark a major step toward fully automated, full‑cycle solar plant construction, from piling to operations and maintenance.

“Green Power+” Solutions
Arctech also featured its off‑grid and energy storage offerings, including the ArcBank utility‑scale energy storage system, building‑integrated photovoltaics (BIPV), and the ArcTrack solar tracking and storage mobile microgrid system. Designed for mining sites, islands, and remote locations, these solutions close the zero‑carbon loop from solar generation to end‑use energy.

Project Signings & Strategic Partnerships

Arctech signed multiple GW-scale projects at the booth, including a 2 GW project in the Middle East, further strengthening its leadership in the region. Additionally, a strategic cooperation agreement for energy storage was signed during the exhibition.

Industry Recognition
According to the recently released Solar PV Tracker Market Report 2026 by S&P Global Energy, Arctech ranked as the world’s No. 2 solar tracker supplier for the second consecutive year, while retaining its No. 1 market position in EMEA. SNEC 2026 was not only a stage for product innovation but also a testament to Arctech’s growing global leadership.

Looking Ahead
Moving forward, Arctech will continue driving the transition from hardware supply to full‑ecosystem solutions – integrating intelligent tracking, automated construction, smart O&M, and green power technologies.

About Arctech

For more information about Arctech, visit: https://en.arctechsolar.com/ 

Photo – https://mma.prnewswire.com/media/2995571/image1.jpg

View original content:https://www.prnewswire.co.uk/news-releases/arctech-shines-at-snec-2026-securing-over-3-gw-orders-with-its-tracker-ecosystems-302792733.html

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