Finance: Three Types of Cross-Border RWA Businesses Including Debt-Oriented and Equity-Oriented Are Feasible

Odaily News According to an article published by Caijing Magazine, the "Notice on Further Preventing and Disposing of Risks Related to Virtual Currencies and Other Matters" defines RWA tokenization as a new type of securities activity. This implies that securities intermediaries licensed in both Mainland China and Hong Kong are expected to benefit. The analysis suggests that three types of cross-border RWA businesses are feasible:

1. Debt-oriented RWA tokenization, whose core characteristic is having a clear maturity date with principal and interest repayment upon maturity.

2. Equity-oriented RWA tokenization, which typically involves dividends and has no fixed maturity date.

3. Other types of RWA tokenization, such as gold-based RWA tokenization businesses.