📌 Key points:
Countries like Singapore, Hong Kong, Australia, and Japan are leading the adoption of RWA thanks to regulatory reforms and actual market experiences.
Benefits of tokenization: faster and final settlement, transparency in custody, markets operating 24/7, and significant reduction in capital costs.
The common standards focus on: direct linkage with central bank funds, compliance with KYC requirements, and overcoming cross-border connectivity challenges.
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🏛️ Key developments:
Singapore: Expansion of the MAS Project Guardian to include bonds, forex, and fund management.
Hong Kong: Continued issuance of multi-currency government digital bonds + digital bond support program to attract the private sector.
Australia: Acacia project led by RBA–DFCRC + ASIC, through live experiments and proof of concept models.
Japan: The FSA expands the digital securities market (STOs) and is based on investor protection frameworks.
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🌐 Geopolitical dimension:
Potential for linking the Eastern and Western financial systems through interoperability standards.
China is entering strongly through major financial institutions into the estimated $30 trillion RWA market.
XRPL and BNB Chain are experiencing growth through tokenized treasury bonds and real estate.
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⚠️ Challenges:
Variation in KYC/AML application.
Risks of smart contracts and operations.
Questions about data sovereignty and storage locations.
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📊 Summary: The APAC region is rapidly moving towards interconnected global digital asset markets, with governance and sovereignty risks remaining the main obstacles.
