Tokenisation trend risks repeat of China's P2P lending crisis, asset manager warns

The rapid rise of tokenisation risks repeating China's earlier boom-and-bust cycle in peer-to-peer lending unless clear industry standards are established to ensure discipline and innovation, according to a senior Chinese asset manager. Some multilevel marketing companies in mainland China have already started holding meetings discussing real-world asset (RWA) tokenisation projects over the past year, raising "genuine concerns" that the nascent industry might be heading towards a peer-to-peer-style crisis ...