There is a recent regulatory development to watch out for. Multiple financial associations in Mainland China have jointly issued a risk warning, officially listing RWA (Real-World Asset Tokenization) as a high-risk financial activity.

The core of this document is not about technical aspects; the key point is that many RWA scenarios are directly classified as financing and trading activities. According to the current stance, projects involving the tokenization of assets such as real estate, debt, equity, and others may be deemed illegal fundraising or unapproved securities issuance.

In other words, the concept of RWA faces significant policy pressure regarding compliance. Whether participating in RWA project investments or operating related businesses, a clear understanding of this risk is necessary. It is recommended to conduct thorough compliance assessments before allocating assets of this kind.