When the gold signboard of Shanghai state-owned assets collides with the torrent of blockchain code, a capital tsunami sweeping the crypto circle officially lands in Hong Kong.
License nuclear bomb: The '4+9' dual license upgrade of Greenland Jinchuang hides deadly traps.
On July 9, Greenland Holdings announced: The Hong Kong Securities and Futures Commission (SFC) licenses 4 (securities consulting) and 9 (asset management) held by Greenland Jinchuang have fully upgraded to support virtual asset business. This means Greenland becomes the first state-owned background institution holding a compliance key, legally conducting real estate tokenization fund issuance, cross-border asset custody, and secondary market circulation.
More deadly is that — only 12 global virtual asset trading licenses have been issued in Hong Kong, while Greenland officially submitted its application on July 2. If approved, it will monopolize the 'state-owned licensee' identity, opening the only channel for Chinese real estate companies to tokenize RWA (real-world assets) overseas!
Real estate on-chain: A 'bloody plunder' of a trillion-dollar liquidity.
Greenland has long been sharpening its knives:
20 million square meters of domestic commercial real estate (valued over 50 billion) have been included in the tokenization resource pool, and the Shanghai health apartment project 'Yishangju' has been split into 5,000 tokens, with retail investors able to subscribe to rental income rights for 500 yuan;
The technical side adopts a hybrid architecture of alliance chain + public chain, testing Hong Kong dollar stablecoin pegged to Hong Kong green bonds and mainland apartment income rights, achieving double kills of stablecoin dividends + asset appreciation;
Hong Kong policy opens the floodgates: In June (Digital Asset Declaration 2.0), real estate will be included in the scope of tokenization, with RWA trading efficiency increasing 14 times compared to traditional REITs.
The coffin lid of traditional finance has been pried open: Real estate financing costs have dropped by 380 BP, allowing retail investors to trade fragmented ownership of five-star hotels in Tsim Sha Tsui 24 hours a day, and all this requires just a wallet from a licensed Hong Kong exchange.
Crypto circle mass exodus: Who will become the victim under the RWA bubble?
Greenland's entry will trigger a triple chain reaction:
Stablecoin war escalates: Hong Kong dollar stablecoin HKD will leverage RWA profits to peg and devour USDT market share, with stablecoin annualized yields soaring from 3% to 8%;
Exchange reshuffle: Hong Kong licensed exchanges (such as HashKey, OSL) become the only outlet for real estate tokens, while unlicensed platforms will be bloodied;
Air coin extinction plan: RWA tokens supported by real cash flow (such as Greenland health apartment NFT) crush MEME coins, while liquidity of tokens without asset backing will dry up.
But bloodthirsty capital has already sensed the risk: A certain real estate RWA project in Singapore plummeted 60% in 2024, triggering lawsuits, while cross-border asset rights confirmation between China and Hong Kong remains a policy minefield.
Retail investor survival guide: How to extract the first drop of blood from the RWA revolution.
Short-term arbitrage: Targeting the first token launched by Greenland's cooperative platform (such as Quan Yibao), referring to the historical project's trading volume liquidity premium of 3 billion;
Mid-term accumulation: Layout the Greater Bay Area real estate RWA ETF to maximize policy dividends;
Long-term hegemony: Stake Hong Kong dollar stablecoins to obtain 5-7% annualized dividends while capturing asset appreciation.
Ultimate prophecy: When real estate becomes the 'new mining machine' of exchanges.
This is not a drill! Chinese real estate giants officially enter the cryptocurrency battlefield — Greenland's 20 million square meters of assets on-chain is just the beginning, and the trillion-dollar RWA market has pressed the nuclear explosion button.
Hong Kong Monetary Authority data indicates: In Q1 2025, the average daily trading volume of virtual assets skyrocketed by 470% to 12 billion Hong Kong dollars, while real estate tokenization will completely rewrite the hegemony of 'offshore RMB + virtual assets'.
Focus on Shence, targeting the next wave of RWA wealth code.
Do you think Lin Junjie’s 91% loss on virtual real estate will turn around due to RWA? Over 10,000 likes expose Greenland's first Hong Kong hotel token contract address!#美联储6月会议纪要