Core Viewpoint - The blockchain RWA (Real-World Asset) system aims to tokenize tangible or intangible real-world assets, facilitating their representation, trading, and management on the blockchain [1][6]. Group 1: Asset Tokenization - Asset digitization involves converting real-world asset information (such as ownership, value, and characteristics) into a digital format that can be recorded and managed on the blockchain [4]. - Token issuance creates tokens on the blockchain that represent specific RWAs, which can be fungible tokens (like stablecoins representing gold) or non-fungible tokens (like NFTs representing real estate) [4]. - Asset anchoring establishes a clear legal connection between tokens and underlying real-world assets, ensuring that the token's value is linked to the actual asset [4]. Group 2: Asset Management - Ownership management records and tracks token ownership, enabling the transfer and verification of ownership [4]. - Asset information updates allow authorized parties to update information related to the underlying asset, such as maintenance records for properties or appraisal reports for artworks [4]. - Rights distribution automatically allocates income generated from assets (like rental properties or dividend stocks) to token holders based on their ownership proportions [4]. - Asset destruction/redemption enables the secure destruction or redemption of tokens under specific conditions, such as asset sales [4]. Group 3: Trading and Circulation - Secondary market trading provides platforms or interfaces for users to freely buy and sell RWA tokens on the blockchain [4]. - Order management supports various types of trade orders, such as market orders and limit orders [4]. - Trade matching facilitates the matching of buy and sell orders and the execution of trades [4]. - Trade settlement records transaction information on the blockchain, completing the transfer of asset ownership and fund settlement [4]. - Cross-chain interoperability allows RWA tokens to be transferred and traded across different blockchain networks [4]. Group 4: Compliance and Governance - Identity verification (KYC) integrates mechanisms to ensure participants' identities meet regulatory requirements [4]. - Anti-money laundering (AML) measures monitor and report suspicious transaction activities [4]. - Regulatory reporting provides functionalities to generate reports that comply with regulatory requirements [4]. - Governance mechanisms support token-based voting and governance functions for RWAs requiring collective decision-making [4]. - Legal document management securely stores and manages legal documents related to RWAs, such as ownership certificates and contracts [4]. Group 5: Transparency and Auditability - Public ledger utilizes blockchain characteristics to ensure all transaction records are transparent and immutable [4]. - Audit trails provide complete transaction and operational history records, facilitating audits by regulatory bodies and participants [4]. Group 6: Fractional Ownership - Token fragmentation allows high-value RWAs to be divided into multiple tokens, lowering investment barriers and enabling broader participation [7]. - Share management enables the system to manage and track the token shares owned by different holders [7]. Group 7: Custody and Settlement - Secure custody offers reliable token custody solutions to safeguard user assets [7]. - Rapid settlement leverages blockchain features to achieve faster and more efficient transaction settlements [7]. Group 8: Integration with Traditional Finance - Fiat channels provide exchange pathways between fiat currency and tokens, facilitating participation from traditional investors [7]. - Collaboration with traditional financial institutions may be necessary to ensure asset compliance and security [7]. Group 9: Reporting and Analytics - Asset performance reports provide insights into RWA performance, such as price fluctuations and yield [7]. - Trade analysis offers data analysis on trading activities, helping users understand market trends [7].