The acceleration of the RWA process is expected to expand cross-border financing channels for mainland enterprises

RWA (Real World Asset Tokenization, RealWorldAssets - tokenization) is becoming a new trend for cross-border financing of enterprises. Recently, the class A share listed company Langxin Group cooperated with Ant Digital to complete the first domestic RWA based on new energy entity assets in Hong Kong, with an amount of about 100 million yuan. This is also one of the four tokenization theme cases in the progress of the Hong Kong Monetary Authority's sandbox project. Worldwide, BlackRock, JPMorgan Chase, Citibank and other international Financial Institution Groups have laid out in the RWA field for the first time, and the entry of giant enterprises has also opened up more imagination for RWA. Yu Jianing, co-chairperson of the Blockchain Committee of the China Communications Industry Association, told reporters that this successful case of Langxin Group shows the great potential of RWA tokenization in practical applications, and also provides a demonstration effect for other mainland enterprises to explore similar paths. (Securities Daily)