#RWA热潮

Capital Structure: Diversified and Fragmented

RWA tokenization breaks down large assets that can only be invested in by institutions into smaller shares for more small and medium investors.

This is beneficial for private placement markets, family offices, and even retail investors to further penetrate the real economy.

If combined with digital currencies like the digital yuan, it may also form a closed-loop settlement system, enhancing the transparency and efficiency of funds.

📌 Potential Challenges: Legal Certainty and Trust Mechanisms

The biggest challenge of RWA tokenization is legal certainty: Do on-chain certificates equate to physical property rights? How to enforce in case of disputes?

Without a unified standard, conflicts may arise between "on-chain rights vs traditional legal rights."

This requires China's financial regulation, judicial system, and technology sector to jointly establish credible standards.