Chinese authorities are urging certain corridors to temporarily suspend actual global asset tokenization operations (RWAs) in Hong Kong.
RWA tokens are the process by which traditional, tangible or financial assets are expressed digitally in cryptocurrency networks.
At least two important Chinese runners, including GF Securities (a Hong Kong unit) and China Merchant Bank International (CMBI), have recently received informal signs From the national Securities Regulation Commission (CSRC). This will prompt you to stop any tokenization operations outside the territory. This measure comes after several signatures from the Asian giant began offering this kind of product in Hong Kong in recent months.
According to international media, these recommendations aim to enhance risk management and ensure that businesses have solid and legitimate support. The duration of the CSRC guidelines being valid has not been determined yet.
The measure arrives when Hong Kong accelerates its strategy to establish itself as Asia’s digital asset hub. In fact, in May 2025, as reported by Cryptonoticias, the Legislative Council approved a law requiring Stablecoins issuers to obtain licenses from the Hong Kong financial authority (HKMA). The project received the green light with the aim of promoting corporate regulation and transparent business.
China, which once led Bitcoin’s global trade and mining, is now maintaining a cautious attitude towards cryptocurrencies after banning negotiations and mining in 2021 due to concerns about the stability of its financial system.
However, in August, reports were circulated to show this. China evaluates the possibility of issuing stub coins supported by the Originalwith the aim of countering the impact of the US dollar on international trade. This marks notable changes focused on cryptocurrency.
According to Explorer RWA.xyz, the global active market for real-world tokenization (RWA) is currently at a total chain value of $28,590 million.