According to financial reports, Zou Chuanwei, President of the Jiangsu Jinke Digital and FinTech Research Institute, interpreted the new regulations on RWA digital assets, stating that the relevant provisions classify RWA tokenization activities by domestic entities conducted overseas into three categories: First, debt-oriented RWA tokenization, which refers to RWA tokenization in the form of foreign debt. “Its core characteristic is a defined maturity date with principal and interest repayment upon maturity,” said Zou Chuanwei. Second, equity-oriented RWA tokenization, which involves RWA tokenization with equity characteristics conducted overseas based on domestic assets, akin to asset securitization. “Equity-oriented RWA typically features dividends and has no defined maturity date.” Third, other RWA tokenization. Zou Chuanwei noted that RWA tokenization whose underlying assets exhibit neither equity nor debt characteristics in terms of returns or tenure can be classified as other, such as RWA tokenization based on gold.
Expert Explains RWA Tokenization Rules for Digital Assets
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Summary
Zou Chuanwei, Director of the Jiangsu Institute of Financial Technology and Digital Finance, outlined RWA tokenization guidelines under digital asset regulation. He categorized RWA tokenization into three types: debt-like, equity-like, and others. Debt-like RWA involves fixed-term obligations with repayment and interest. Equity-like RWA resembles asset securitization with dividends but no fixed maturity. Other RWA includes assets such as gold, which are neither debt nor equity. The framework aims to clarify risk-on assets and enhance market transparency.
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