资产代币化起风了！RWA到底是什么？难题何解

Group 1 - Real World Assets (RWA) are becoming a significant trend in the blockchain and cryptocurrency sectors, representing a shift towards tokenizing tangible and intangible assets for digital trading [1][2] - RWA encompasses a broader range of assets compared to previous concepts like ICOs and NFTs, including commodities, invoices, and carbon credits, thus facilitating liquidity and lowering investment barriers [2][3] - The regulatory framework in Hong Kong has been evolving to support RWA, with initiatives like the Ensemble tokenization sandbox launched by the Hong Kong Monetary Authority and the Securities and Futures Commission [3][4] Group 2 - RWA is distinguished from NFTs and ICOs by its focus on real asset value, where tokens represent actual asset rights, unlike NFTs which symbolize digital assets and ICOs which lack underlying asset support [5][6] - The current challenges in RWA include asset verification, cross-border structuring, and governance, with many projects still in early stages and facing regulatory hurdles [6][9] - For mainland Chinese enterprises, issuing RWA in Hong Kong involves navigating complex regulatory requirements and establishing special purpose vehicles to comply with local laws [8][9]