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

RWA (Real World Assets tokenization) is becoming a new trend for cross-border financing of enterprises. Recently, A-share listed company Langxin Group cooperated with Ant Financial Services to complete the first domestic RWA based on new energy physical assets in Hong Kong, with an amount of about 100 million yuan. This is also one of the four tokenization theme cases in progress by the Hong Kong Monetary Authority's sandbox project. Globally, BlackRock, JPMorgan Chase, Citibank and other international financial institutions have made their first layouts in the RWA field, and the entry of giant companies has opened up more imagination space for RWA. Yu Jianing, co-chairman of the Blockchain Committee of China Communications Industry Association expressed that this successful case from Langxin Group demonstrates huge potential for practical application of RWA tokenization and provides a demonstration effect for other mainland enterprises exploring similar paths.