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RWA标准来了!聚焦融资路径设计规范,欢迎相关单位和个人加入
Sou Hu Cai Jing·2025-10-22 16:28

Core Insights - The global RWA (Real World Assets) industry has been rapidly developing since 2025, with a continuously expanding market size and increasingly diverse application scenarios, including financial assets, real estate, renewable energy assets, and intangible assets, showcasing strong growth potential and institutional trends [1][2] Group 1: Challenges in RWA Financing - RWA financing involves complex paths compared to traditional financing models, with many enterprises facing multiple challenges in the transition from "asset on-chain" to "successful financing" [2] - The "dual fog" of compliance and structure in RWA financing includes the need for SPV (Special Purpose Vehicle) architecture, cross-border fund flows, and multi-jurisdictional collaboration, leading to project stagnation due to unclear ownership and compliance issues [3] - The "disconnection dilemma" between technology and financing results in projects that complete the technical step of asset tokenization but fail to secure funding due to unreasonable tokenization schemes and lack of secondary market liquidity [3] - High operational barriers for enterprises arise from the absence of standardized processes and tools, increasing financing costs and potentially missing market opportunities due to non-standardized procedures [3] Group 2: Standardization and Path Design - A systematic and operable financing path standard is urgently needed in the RWA market to enhance asset liquidity and utilization, leading to the drafting of the "RWA Financing Path Design Standard" by the China Council for the Promotion of International Trade [3][11] - The standard aims to clarify asset selection and optimize value returns by establishing scientific screening and evaluation criteria for various high-potential scenarios, maximizing investment returns [11][12] - It seeks to innovate top-level design and create global competitiveness through modular and adaptable SPV and financing structures, combined with cross-border fund flow strategies [11] - The standard will also optimize issuance processes and enhance market liquidity by designing transparent and efficient token issuance and trading solutions, integrating blockchain and smart contracts [12] Group 3: Implementation and Participation - The drafting and implementation of the standard require collaborative participation from the entire industry chain, with an open call for drafting units and contributors [15] - The standard will help asset holders shorten financing cycles, reduce risks, and enhance asset monetization and liquidity capabilities by establishing five basic principles [16] - Technical service providers can integrate their solutions into industry standards, while issuers and underwriters can improve financing efficiency and market recognition through participation in SPV architecture and issuance process design [17]