Finance: Cross-border RWA businesses in the three categories of bond-oriented, equity-oriented, and gold are feasible

PANews February 13 News, according to Caijing magazine, the "Notice on Further Preventing and Disposing of Risks Related to Virtual Currencies and Other" defines RWA tokenization as a new type of securities activity, which means licensed securities intermediaries in mainland China and Hong Kong are expected to benefit. Analysis indicates three feasible cross-border RWA business types:

1. Debt-oriented RWA tokenization, namely RWA tokenization in the form of foreign debt, characterized by a clear maturity date with principal and interest repayment at maturity.
2. Equity-oriented RWA tokenization, which involves asset securitization based on domestic equity outside the country, with equity-like RWA tokens that usually pay dividends and have no fixed maturity date.
3. Other RWA tokenization, such as RWA business based on gold.