Dec 18 (Reuters) - On the Chinese tropical island of Hainan, Huanghuali trees - a rare kind of rosewood - are being photographed so that they can be turned into digital assets. Huanghuali or "yellow flowering pear" produces wood with a beautiful lustre and golden sheen. Favoured by Chinese emperors in times past, the wood continues to be highly prized. But a tree takes ​decades to mature, testing the patience of farmers. Converting the Huanghuali into real world asset (RWA) tradeable tokens would bring ...

Core Viewpoint - Mainland Chinese industry associations have issued a warning to real-world asset (RWA) tokenisation providers, indicating a tightening of regulations by Beijing against digital-asset activities, contrary to earlier expectations of a potential easing of restrictions [1][5]. Industry Associations' Warning - Seven industry bodies, including the National Internet Finance Association of China, the China Banking Association, and the Securities Association of China, have stated that tokenising real-world assets involves risks such as fake assets, business failure, and speculative trading, and that no such activities have been approved by Chinese authorities [2][4]. - This warning marks the first explicit targeting of RWA tokenisation by Chinese authorities, which is seen as a method to facilitate faster and cheaper transactions through blockchain technology [4]. Regulatory Oversight - The industry associations are under the supervision of key regulators, including the People's Bank of China (PBOC) and the China Securities Regulatory Commission (CSRC) [3]. - The PBOC and other regulators have emphasized that stablecoins do not comply with mainland requirements regarding customer identification and anti-money laundering [5][6]. Implications for the Market - The warning from industry associations has raised concerns about Hong Kong's aspirations to become a regulated hub for digital assets, as the mainland's strict stance could impact regional ambitions [7].

Token Launch & RWA Tokenization - Toyow Foundation's $TTN Token Generation Event (TGE) is officially scheduled for October 23rd [1] - The company is positioning $TTN as a gateway to fractionalized ownership, emphasizing Real World Asset (RWA) tokenization [1] - The industry views this as a significant step in RWA tokenization [1] Company Vision & Community - Toyow Foundation aims to build something historical [1] - The company encourages community participation in what it frames as a historical event [1]

According to Reuters, China Securities Regulatory Commission (CSRC) has advised some local brokerages to pause their real-world asset (RWA) tokenisation business in Hong Kong. At least two leading brokerages have received informal guidance. Hong Kong aims to be a digital assets hub amid China's cautious stance. https://t.co/OSYoKnMIkn ...