Chinese state-owned enterprises issue RWA digital bonds on the Ethereum chain for public fundraising
Recently, Shenzhen Futian Investment Holdings Co., Ltd. successfully issued digital bonds based on risk-weighted assets (RWA) on the Ethereum blockchain, planning to raise 500 million yuan, with a term of 2 years and a coupon rate of 2.62%.
This bond issuance took place in Hong Kong and received a credit rating of A- from Fitch. This milestone transaction may encourage more Chinese state-owned enterprises to adopt blockchain technology for financing.
The publicly issued RWA digital bonds, code FTID TOKEN 001 (abbreviated: Fu Coin), are directly registered and managed on Ethereum, broadening investor channels and demonstrating the potential for the integration of blockchain technology with regulated financial markets.
Reports indicate that SFIH has closely monitored global capital markets since its first issuance of overseas bonds in October 2024, seizing opportunities to utilize RWA instruments to meet its growing market demand. This issuance helps diversify its international financing channels while optimizing the company's capital structure.
The issuance of these digital bonds is led by GF Securities (Hong Kong) as the main underwriter, with other participants including CMB International, China International Capital Corporation, and several other financial institutions. Some analysts believe this move is likely to encourage more Chinese companies to consider new blockchain-based financing methods.
In summary, the issuance of RWA digital bonds by Futian Holdings on Ethereum is not only a technological innovation in financing but also indicates that Chinese state-owned capital is actively embracing blockchain finance and exploring new paths for international financing.
This move combines the transparency and efficiency of blockchain with the credit system of traditional finance, providing a feasible model for more companies to enter the global capital market using tokenization technology.
With the continuous improvement of regulatory frameworks and increased market acceptance, RWA is expected to evolve from small-scale experiments to large-scale applications, becoming a crucial bridge linking the real economy and the cryptocurrency market.
What signals do you think state-owned enterprises send by issuing bonds using blockchain? How might tokenized bonds based on public chains impact the traditional financial system?
