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

ChainCatcher news, RWA (Real World Assets - tokenization) is becoming a new trend for cross-border financing for enterprises. Recently, the A-share listed company Langxin Group collaborated with Ant Group to complete the first domestic RWA based on new energy physical assets in Hong Kong, with an amount of approximately 100 million RMB. This is also one of the four tokenization-themed cases in the progress of the Hong Kong Monetary Authority's sandbox project. Globally, several international financial institutions, including BlackRock, JPMorgan, and Citibank, have made their first moves in the RWA field, and the entry of giant companies has opened up more imaginative space for RWA. Yu Jianing, co-chairman of the Blockchain Special Committee of the China Communications Industry Association, told reporters that Langxin Group's successful case demonstrates the enormous potential of RWA tokenization in practical applications and provides a demonstration effect for other mainland enterprises to explore similar paths.