RWA as a Method, Not a Product: A Framework for Real Estate Asset Closure and Continuous Disclosure

China's real estate sector faces challenges beyond cash flow, including ambiguous ownership and unverified exit mechanisms. A new framework proposes a focus on institutional design for custody, fund disbursement, and compliance. Asset allocation must be aligned with executable systems for auditing and default management. Support and resistance levels in capital exits require clear integration with tax reporting, particularly under the Common Reporting Standard (CRS). The paper emphasizes that real-world assets should not merely be tokenized, but rather embedded with compliance considerations from the outset.