Blockchain & RWA Analysis - RWAs (Real World Assets) may not align with the principles of a credibly neutral blockchain [1] - Bitcoin is considered stateless, non-sovereign, and purely programmatic money [1] - Tokenized property remains subject to legal jurisdictions and national regulations [1] Regulatory & Legal Considerations - National governments, such as the United States, are unlikely to permit the seizure of property, even if tokenized, due to hacking or other illicit activities [1]

Discussing RWAs n the Pokemon SUPER CYCLE.LIVE RIGHT NOW ---> https://t.co/xb5cJv4chyIs this the new 'meta'? Or just the next SHINY (holographic) trend for now.... https://t.co/PBsh0mNcM0Easy (@EasyEatsBodega):Live RIGHT NOWhttps://t.co/QStcdJBhD4- Breaking down the Macro- The Collectibles / RWA space is HOT- Creator Capital Markets, real?- Prediction Plays (again)- Trade on Rhythm, Trade in Rhythm&& so much more🔋by @yeet https://t.co/53LDCak3wU ...

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RWA & Tokenization - Galaxy Digital 将在 Solana 上对其 SEC 注册的股票进行代币化 [1] - 行业认为此举是 RWA（Real World Asset，现实世界资产）领域的重要举措 [1]

Group 1 - The company, Sifang Jingchuang, stated on September 3 that it has not participated in the Hong Kong RWA registration platform related business cooperation [2] - The company has not joined the Hong Kong Web3 Standardization Association [2]

Core Viewpoint - China Financial Development (03623) has signed a strategic cooperation memorandum with Zhejiang Shuqin Technology Co., Ltd. to leverage their respective strengths and resources in financial services, aiming to innovate and expand into new domestic and international markets [1] Summary by Relevant Sections - **Strategic Cooperation** The agreement focuses on joint innovation to provide a one-stop, full-process, and intelligent financial service for RWA, with the ultimate goal of enhancing the SimpleChain 2.0 public chain ecosystem [1] - **Technological Integration** The collaboration aims to integrate traditional finance with decentralized finance using institutional-level tokenization technology, blockchain, and smart contracts [1] - **Market Expansion** Both parties are committed to comprehensive business cooperation in mainland China, Hong Kong, and international token markets, with the goal of creating a new generation of on-chain asset platforms [1] - **Development Goals** The objective is to position SimpleChain 2.0 as a leading Web2+Web3 public chain in Asia, maintaining a leading total value locked (TVL) in the Asia-Pacific region and promoting new productive business development [1] - **Current Status** As of the announcement date, the SimpleChain 2.0 public chain registration network has been launched, user account activation is complete, the official website is online, and the test network is operational [1]

Core Insights - China Financial Development (03623.HK) announced a strategic cooperation memorandum with Zhejiang Shuqin Technology Co., Ltd. on September 3, 2025, aiming to leverage each other's strengths to explore new domestic and international markets in financial services [1] - The collaboration focuses on providing a one-stop, full-process, intelligent financial service for RWA through joint innovation, with the ultimate goal of enhancing the Simple Chain 2.0 public chain ecosystem [1] - The partnership intends to integrate traditional finance with decentralized finance using advanced technologies such as blockchain and smart contracts, targeting comprehensive business cooperation in mainland China, Hong Kong, and international token markets [1] Principles of Cooperation - Both parties agree to establish a long-term cooperative relationship that benefits the long-term development of the company and the Simple Chain 2.0 public chain [2] - The cooperation is based on legal compliance, adhering to relevant domestic and international standards, as well as the regulations of Hong Kong listed companies [2] - As of the announcement date, the Simple Chain 2.0 public chain registration network has been published, user account activation is complete, the official website is live, and the test network is operational [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 China Success Finance Group Holdings Limited 中 國 金 融 發 展（ 控 股 ）有 限 公 司 （於開曼群島註冊成立的有限公司） 股份代號：3623 自願公告－戰略合作備忘錄 本公告乃由中國金融發展（控股）有限公司（「本公司」，連同其附屬公司統稱「本集 團」）自願作出。 本公告旨在讓本公司股東（「股東」）及潛在投資者獲悉有關本集團最新的業務計劃及 發展。 本公司董事（「董事」）會（「董事會」）欣然宣佈，於二零二五年九月三日，本公司與浙 江數秦科技有限公司（「數秦科技」）簽訂戰略合作備忘錄（「戰略合作備忘錄」）。基於 此協議，雙方達成了合作意向，將充分發揮各自優勢，利用各自豐富資源，依託上 市集團平台，在金融服務上聯手開拓國內及國際新市場，以聯合創新為RWA提供 一站式、全流程、智能化的金融服務為主導方向，以完善繁榮SimpleChain2.0公鏈 生態圈為終 ...

Group 1 - The core viewpoint of the article is that the tokenization of real-world assets (RWA) is reshaping the global financial ecosystem, presenting significant opportunities for public companies in terms of financing innovation, efficiency improvement, and valuation reconstruction, with compliance being a crucial prerequisite for exploring RWA [2] Group 2 - RWA refers to the mapping of ownership or income rights of physical assets (such as real estate, bonds, and commodities) onto the blockchain in the form of tokens, enabling fragmentation, tradability, and high liquidity [3][4] - Stablecoins serve as a key bridge between traditional finance and decentralized finance, providing low-volatility trading mediums and foundational settlement tools for RWA transactions, thereby enhancing the credit basis and application scenarios for stablecoins [4] Group 3 - The regulatory landscape is rapidly evolving, with the U.S. focusing on stringent regulations for securities-like RWA, emphasizing asset authenticity, information disclosure, and investor suitability management [5] - Hong Kong is actively promoting the development of RWA and stablecoins, aiming to establish itself as an international Web3 financial hub, with a sandbox system for stablecoin issuers requiring full reserve coverage and regular audits [6][7] - Mainland China has adopted a cautious approach, prioritizing risk prevention while exploring the potential of stablecoins, with a focus on digital currency as a core component of its digital payment ecosystem [8] Group 4 - Public companies are motivated to explore RWA due to the need to reduce costs and enhance financing structures, as traditional asset transactions are often complex and costly [10] - Engaging in RWA is seen as a sign of embracing financial technology innovation, attracting new investors and significantly enhancing company valuation and market image [11] - Companies are also preparing for regulatory expectations by conducting technological reserves and compliance explorations to adapt to the evolving regulatory environment [12] Group 5 - Companies face unprecedented challenges in compliance with traditional financial regulations and securities laws when exploring RWA, necessitating precise identification and adherence to compliance boundaries [13] - RWA projects must ensure legal fundraising practices, as any unauthorized fundraising activities could be classified as illegal financial activities [14] - The emergence of "pseudo-RWA" projects poses risks, including questionable asset authenticity and the potential for fraud [15] Group 6 - The misuse of stablecoins in illegal fundraising activities increases the difficulty of regulatory tracking and accountability [16] - Companies must be cautious of market manipulation risks associated with RWA and stablecoin concepts, including information manipulation and selective disclosure [17][19] - Insider trading risks are heightened due to the diverse and hidden nature of insider information generated during RWA project development [22] Group 7 - Companies must adhere to dual compliance principles, ensuring licensed operations and risk isolation through independent entities in compliant jurisdictions [26] - Establishing a value management risk control system is essential, requiring strict adherence to information disclosure principles and transaction monitoring mechanisms [29] - Companies should prioritize substance over form in their disclosures, ensuring clarity and transparency to avoid misleading investors [31]