Workflow
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·2025-10-27 15:13

Core Insights - The 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, new 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] - There is a "disconnection dilemma" between technology and financing, where some projects 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 exist for enterprises due to the lack of standardized processes and tools, resulting in increased financing costs and missed market opportunities [3] Group 2: Development of RWA Financing Pathway Standards - A systematic and operable financing pathway standard for the RWA market is urgently needed to enhance asset liquidity and utilization [3] - The "RWA Financing Pathway Design Specification" has been initiated, managed by the China Council for the Promotion of International Trade (CCPIT) and organized by the Zhihuo Standard Center, with a call for drafting units and authors from the public [3][7] Group 3: Core Values of the Standard - The standard aims to clarify asset selection and optimize value returns by establishing scientific screening and evaluation criteria for various high-potential scenarios, enhancing tokenization adaptability, and maximizing investment returns [11] - It seeks to innovate top-level design to create globally competitive financing models through modular and adaptable SPV and financing structures, combined with cross-border fund flow strategies [11] - The standard will optimize issuance processes and enhance market liquidity by designing transparent and efficient token issuance and trading solutions, integrating blockchain and smart contracts [12] - It emphasizes strengthening suitability management to enhance market trust by establishing a comprehensive investor assessment and matching system [12] - The standard aims to accelerate market-oriented implementation by providing feasible financing pathways that help enterprises enhance investor trust and market recognition [13] - It promotes industry integration by establishing clear rules and standardized processes to facilitate the deep integration of digital finance and the real economy [14] Group 4: Participation in Standard Development - The drafting and implementation of the standard require collaborative participation from the entire industry chain, with an open call for drafting units and authors [15] - The standard will help asset holders shorten financing cycles, reduce risks, and enhance asset monetization and liquidity capabilities [16] - Technical service providers can integrate their solutions into industry standards, gaining more collaboration opportunities and industry influence [17] - Issuers and underwriters can participate in SPV architecture and issuance process design, improving financing efficiency and market recognition [17] - Investment institutions can co-create unified RWA financing rules, promoting the integration of RWA investment and industry ecosystems [17] - Auditing and consulting firms can standardize their auditing processes, creating a transparent and trustworthy financing loop [17] - Trading and custody institutions can promote compliant asset listings efficiently, enhancing platform competitiveness [17]