JuCoin Research Institute

Introduction

On March 24, 2025, Shenzhen will host an industry event focusing on Real-World Assets (RWA) ------ "Global Forum on Enterprise Globalization in the Digital Economy Era and the Global Launch of 'RWA Wealth Disruption'." This event is co-hosted by Raffles Capital, Coinut Pte Ltd, Hong Kong International Financial Investment Group, and JuCoin, bringing together global fintech experts, blockchain technology pioneers, and investment institutions. This article will analyze the development trends, key data, and Shenzhen's role transformation in the digital economy based on this event and the collaboration between Raffles Capital and JuCoin.

Current Status and Trends of the RWA Track

Market Size and Growth Data

RWA (Real-World Assets) has become an important growth engine for the digital economy by tokenizing real assets through blockchain technology. According to Dune Analytics, the total value locked (TVL) in RWA protocols grew by 653% year-on-year in 2023, reaching $5 billion. In 2024, with the entry of institutions and regulatory improvements, this figure is expected to rise significantly. The latest statistics from DeFiLlama show that as of March 20, 2025, the TVL in the RWA track has surpassed $12 billion, a 140% increase since the beginning of the year, with an annual growth rate maintained at over 50%.

In the segmented fields, real estate tokenization accounts for about 45% (approximately $5.4 billion), while precious metals and bonds account for 25% ($3 billion) and 20% ($2.4 billion), respectively. In March 2025, 15 new RWA projects were launched globally, with 8 involving traditional industries such as energy and agriculture, indicating a diversification of application scenarios. Industry forecasts suggest that if the current trend continues, the scale of RWA-managed assets could reach $60 billion by 2030, becoming an important component of the global capital market.

Driving Factors

The rapid growth of the RWA track is attributed to the following factors:

• Technological Maturity: The low-cost and high-efficiency characteristics of blockchain technology enhance the feasibility of asset tokenization;

• Institutional Participation: The entry of traditional financial institutions such as Goldman Sachs and Standard Chartered has boosted market confidence;

• Regulatory Support: Friendly policies in places like Hong Kong and Singapore provide a compliance foundation for RWA.

• Collaboration between Raffles Capital and JuCoin: A key driving force in the RWA ecosystem.

Collaboration Background

The strategic partnership between Raffles Capital and JuCoin is a core highlight of this forum. Both parties plan to engage in deep collaboration around RWA asset trading, blockchain financial innovation, and global market expansion, jointly promoting the development of the RWA ecosystem.

Raffles Capital is a global financial investment institution, and its chairman, Dr. Charlie In, has extensive experience in traditional finance. He has served as the chairman of several listed companies on the Singapore Stock Exchange and has held shareholder or advisory roles in traditional industries such as Shengshi Resources and Skye Petroleum. JuCoin is a digital asset trading platform focused on Web3 and RWA, with a technical architecture that supports diversified asset trading, leading the industry in user experience and security.

Core of the Collaboration: RWA Startup Board and RWA-Sustain

The focus of the collaboration is the JuCoin ecosystem project ------ the RWA Startup Board, which was launched on March 21, 2025, co-created by JuCoin and the Distinguished Entertainment Foundation. RWA-Sustain, as the sole trading pair on the Startup Board, aims to build a secure, transparent, and efficient RWA trading ecosystem. Its features include:

• Asset Tokenization: Supporting the on-chain of real estate, precious metals, and other assets;

• Compliance Framework: Adhering to global regulations to ensure the legality of transactions;

• Decentralized Governance: Empowering investors with decision-making rights through the RWT token;

• Cross-Border Trading: Achieving global circulation of assets.

Data analysis indicates that the launch of RWA-Sustain could improve trading efficiency by 30%-50% and shorten the asset circulation cycle from several weeks in traditional markets to a few hours. This model provides a digital transformation path for traditional enterprises while creating low-barrier participation opportunities for investors.

Raffles Capital: The Advantage of Integrating Traditional Finance and Blockchain

Raffles Capital plays the role of a resource integrator in the RWA track. Its business covers traditional finance, blockchain investment, and corporate consulting, and the multiple identities of Chairman Dr. In add unique advantages. He is not only a core shareholder of Raffles Financial and Hong Kong Victoria Fund Management but also leads several listed companies in the capital market, such as China Environmental Technology and Asia Fashion.

This background enables Raffles Capital to provide:

• Investment and Financing Support: Providing funds and market channels for RWA projects;

• Compliance Experience: Utilizing its international experience to address global regulatory challenges;

• Industry Network: Connecting traditional enterprises with blockchain technology.

In the collaboration with JuCoin, Raffles Capital's traditional financial resources complement JuCoin's technical capabilities, promoting the implementation of RWA in Shenzhen and global markets.

Hong Kong's Crypto Policy: A Booster for RWA Development

Hong Kong's crypto-friendly policies provide significant support for the RWA track. In 2024, the Hong Kong SAR government launched a regulatory framework for virtual assets, allowing compliant platforms to operate and supporting asset tokenization pilots. In February 2025, the Hong Kong Monetary Authority's Ensemble sandbox project issued the world's first new energy RWA project, raising $50 million, with participating institutions including Goldman Sachs and Standard Chartered. This project validated the feasibility of RWA in the energy sector, with TVL increasing by 15% within a month.

The policy advantages of Hong Kong are reflected in:

• Clear Regulations: Providing legal assurance for RWA;

• Financial Hub: Connecting the mainland with global markets;

• Institutional Trust: Attracting participation from traditional financial institutions.

The co-host of this forum ------ Hong Kong International Financial Investment Group, embodies this advantage. The collaboration between Raffles Capital and JuCoin will leverage Hong Kong's policy dividends to promote the cross-border application of RWA.

Analysis of RWA Potential in Traditional Industries

Real Estate

Real estate is a primary application area for RWA. In the traditional market, property transaction cycles are long (averaging 30-90 days), and the capital threshold is high (in the million-dollar range). After tokenization, properties can be divided into small tokens, with the minimum investment reduced to a few hundred dollars, and transaction times shortened to a few hours. In March 2025, the global value of real estate RWA assets is approximately $2 billion, covering over 30 cities, with a year-on-year growth of 80%. It is expected to grow to $5 billion by 2027. U.S. tokenized real estate projects show that a single property, once tokenized, can attract an average of 500-1,000 investors, increasing transaction volume threefold. The implementation of RWA-Sustain in these areas will bring significant demonstration effects to Shenzhen's digital economy.

Agriculture and Energy

In the agricultural sector, land use rights and agricultural product futures can obtain global funding support through tokenization. For example, tokenized land can release about 5%-10% of additional financing for agricultural enterprises each year. In the energy sector, the tokenization of equipment leasing rights or new energy assets (such as solar power plants) is already in pilot stages, with the Hong Kong Ensemble project being one example.

Oil

The oil industry is capital-intensive, with a global annual trading volume exceeding $2 trillion. Tokenization can convert oil reserves or revenue rights into digital assets, enhancing liquidity. For instance, if Skye Petroleum tokenizes 10% of its assets, it could release $5-10 billion in liquidity, providing low-cost financing channels for the enterprise.

Traditional industry RWA needs to address issues of legal ownership, technical standards, and market acceptance, but its potential has already been demonstrated through data.

Compliance and Cross-Border Trading: Core Support for RWA

Compliance

The globalization of RWA must be based on compliance. Hong Kong's virtual asset framework, Singapore's MAS licensing, and the EU's MiCA regulations provide references for RWA. RWA-Sustain's "global compliance framework" may ensure asset legality and reduce legal risks through cooperation with regulatory authorities.

Cross-Border Trading

Blockchain technology supports borderless circulation, and RWA-Sustain's cross-border capabilities can reduce transaction costs by 20%-30%, but issues of currency exchange and tax coordination need to be addressed. Raffles Capital's compliance experience and JuCoin's technical support will jointly tackle these challenges.

Financial Innovation: Market Transformation Potential of RWA

RWA reshapes investment models through tokenization. Investors can share property revenues through tokens, and enterprises can quickly finance through asset tokenization. For small and medium-sized enterprises, traditional financing costs range from 8%-12%, while RWA can reduce this to 5%-7%, shortening financing cycles from several months to weeks. As of March 2025, global RWA projects have released approximately $1 billion in financing for small and medium-sized enterprises, a year-on-year increase of 50%.

JuCoin Trading Platform: The Combination of Technology and Finance

JuCoin focuses on Web3 and RWA, with its technical architecture supporting diversified asset trading. The RWA Startup Board (launched on March 21, 2025) centers around the RWA-Sustain token, improving trading efficiency by 30%. The collaboration with Raffles Capital enhances its market influence and may drive a 20%-25% increase in trading volume in the Asia-Pacific region.

Forum: A Key Node in the RWA Track

Data Highlights

• TVL Growth: RWA track TVL reaches $12 billion;

• Number of Projects: 15 new RWA projects added in March;

• Real Estate Scale: Global real estate RWA value at $2 billion.

Analysis

The forum is not only a platform for showcasing RWA trends but also reinforces Shenzhen's position in the digital economy. The debut of RWA-Sustain and the collaboration between both parties will attract global capital, promoting Shenzhen's leading role in the digital economy.

Conclusion

The collaboration between Raffles Capital and JuCoin injects new momentum into the RWA track. The Shenzhen forum on March 24, 2025, will showcase the potential of RWA in traditional industries, compliance cross-border applications, and financial innovation through data and practice, helping Shenzhen become a new landmark in the digital economy.

JuCoin #RWA #Raffles