Mainland Enterprises' RWA Business in Hong Kong Placed on "Ice," Consultation Requests Plummet by Over 90%

By: theblockbeats.news|2025/12/11 11:46:02

BlockBeats News, December 11th. According to China's Caixin report, recently, seven financial industry associations jointly issued a risk reminder, explicitly prohibiting domestic participation in virtual currency and Real World Asset (RWA) token issuance trading activities.

After the regulatory tone was set, mainland enterprises' RWA business to Hong Kong was cold overall. Industry insiders revealed that the consultation volume plummeted by over 90%, and many projects that were already in discussions were asked to postpone. Related concept stocks followed suit, with Langxin Group, Xinjiang Jin, and other stocks experiencing significant corrections from their highs. Some companies have shifted their focus to exploring RDA (Real Data Assets) as an alternative direction.

The Singapore Bullion Market Association (SBMA) official journal, "Crucible," has published a research article on Matrixport's RWA platform, Matrixdock. This article, taking the existing custody and audit framework in the precious metals industry as a discussion background, focuses on exploring the potential application pathway of blockchain technology in enhancing the verifiability of gold reserve information.

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