Recently conducted a series of research reports on China’s RWA projects. Starting tomorrow, I will gradually update.
At this moment when the wave of RWA in China is gradually receding and returning to rationality, we can more clearly see the true ecology of RWA in China.
This series mainly includes three projects: the first is the on-chain of agricultural non-standard assets represented by Malu grapes; the second is the on-chain of industrial standard assets represented by Langxin Technology; the third is the on-chain research of overseas compliant financial products represented by ONDO.
According to the logic of this series of research reports, we can see that in China,
Non-standard asset RWA projects are basically just using asset tokenization as a means of credit enhancement, still playing with the logic of NFT digital collectibles, essentially still equity financing, belonging to the RWA pilot projects under government guidance.
The compliance path of standard asset RWA projects is basically through the on-chain path of "two chains and one bridge," but there will be strict restrictions on liquidity, still belonging to the castrated version of RWA.
And the research on the Ondo project will bring us the perspective of on-chain financial products that China currently lacks, and provide an almost perfect RWA model project, offering an ideal template for future RWA projects in China.
