Caixin: Insiders Say HKMA Encourages RWA Cases in New Energy, Aviation, and Shipping Finance
BlockBeats News, August 17th. According to Caixin's report, overseas RWA issuance fundraising is in full swing, driven by uneven underlying asset quality, questionable transaction architecture and pricing, and opaque cross-border fund flows. The earliest domestic RWA cases in China are from Ant Group, all following the "onshore asset - Hong Kong securitization - global circulation" paradigm. In accordance with Hong Kong regulatory requirements, they have not been open to retail investors, only to institutions/professional investors, and there is no secondary market trading.
Industry insiders have stated that regarding underlying assets, the Hong Kong Monetary Authority encourages RWA cases such as new energy and aviation trade financing, but does not support real estate projects. Investors are mainly private equity firms, family offices, and wealth management institutions in Hong Kong. "International capital is limited, and Chinese investors are more likely to understand these projects."
Furthermore, according to Caixin's understanding, many RWA projects currently have limited actual fundraising capabilities. However, due to the quick issuance process and low threshold of RWA, it has attracted numerous enterprises hoping to achieve "coin-stock linkage." Some observers have pointed out that the current RWA's equity sharing mechanism has not taken into account the cost of the underlying assets, which may contradict basic economic logic.
You may also like
What you bought on CEX is really not US stocks: Analyzing the 94% liquidation monopoly and the evaporation of equity under a five-layer pipeline
In such a crowded cross-border payment arena, where is the next stop for the future?
Why Is Bitcoin Down in 2026? What We Can Learn From 2022
The large models in the United States are moving towards closure in the name of security
From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework
Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion
Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet
Why do cryptocurrency projects always like to change their names?
Who is footing the bill for the $64 billion accounting frenzy?
I never expected that the first application of AI x Crypto would be in security auditing
What is your view on Binance's competitive advantages?
ETH has entered a non-consensus phase, and the turning point is approaching!
The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today
The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX
Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.
