According to Reuters, the China Securities Regulatory Commission (CSRC) has advised several Chinese brokerages to temporarily halt their real-world asset (RWA) tokenisation efforts in Hong Kong.
The guidance reflects Beijing’s concerns about the speed and excitement around RWA digital assets being developed offshore.
What Is RWA Tokenisation?
Real-world asset tokenisation is the process of converting traditional financial assets. Such as stocks, bonds, real estate, or funds—into blockchain-based tokens. These tokens can then be traded more easily across digital platforms, offering investors fractional ownership and broader access. The concept has gained momentum globally. With institutions experimenting in areas like tokenised government bonds and commercial property.
In Hong Kong, Chinese brokerages have been quick to test this frontier. Over the past several months, multiple firms have launched tokenised products. Pitching them as an innovative bridge between traditional finance and blockchain. The recent CSRC guidance, however, urges restraint, particularly for firms that may be racing ahead without robust safeguards. One source noted that regulators want to ensure claims about RWA projects are backed by “strong, legitimate businesses” before they reach broader markets.
CSRC Halts Brokerages’ RWA Tokenization in Hong Kong, Sparking Regulatory Caution
CSRC (China Securities Regulatory Commission) has recently issued informal guidance to several Chinese brokerages, urging them to pause RWA (Real World Assets) tokenization efforts in Hong Kong.…
— KeyNews (@KeyNewsEN) September 22, 2025
The regulatory caution comes at a time when Hong Kong has been positioning itself as a leading hub for digital assets. Over the past year, the city has rolled out clearer licensing rules and encouraged firms to prepare for virtual asset trading, investment advisory, and asset management services. These efforts are designed to attract global talent and capital while competing with other regional centers like Singapore.
More About RWAs
The Real-World Asset (RWA) market on Solana has seen strong momentum over the past month. The total RWA value is climbing to $671.3 million, marking a 34.57% increase in just 30 days. Alongside this growth, the number of holders also expanded significantly, reaching 76,311 accounts, a 15.25% jump in the same period.
RWA value surged to $671.3M, climbing +34.57% in 30 days!
We also have 76,311 holders now, which is a +15.25% jump in just 30 days.
More people are waking up to the future of finance.
Strength in RWA keeps growing. pic.twitter.com/dmoLWgZeeF
— Solana Sensei (@SolanaSensei) September 21, 2025
These figures highlight not only the rising demand for tokenized assets on Solana but also the growing confidence of a wider base of participants joining the ecosystem.
Disclaimer
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