Core Viewpoint - The article discusses the ongoing trend of Real World Assets (RWA) tokenization in the financial sector, emphasizing its potential to democratize investment opportunities by allowing fractional ownership of high-value assets through blockchain technology [1][2]. Group 1: Understanding RWA - RWA, or Real World Assets-tokenization, refers to the process of digitizing physical assets like real estate, gold, and stocks on the blockchain, enabling them to be traded, mortgaged, and transferred in a digital format [1][2]. - Tokenization is likened to securitization, where assets are divided into smaller units (tokens) to lower investment barriers, allowing more people to invest in high-value assets [2][3]. Group 2: Advantages of RWA - RWA offers several advantages over traditional investment methods, including: - Fragmented ownership, allowing investors to buy tokens representing a fraction of an asset, significantly lowering the investment threshold [3]. - Instant financing and settlement through smart contracts, which automate issuance, trading, and clearing processes, enhancing capital turnover efficiency [3]. - Global accessibility, enabling anyone with internet access to invest in assets from anywhere in the world [3]. Group 3: Stages of RWA Development - The development of RWA can be categorized into three stages: - The first stage involves the tokenization of fiat currencies, such as stablecoins like USDT, which are pegged to the US dollar [4]. - The second stage focuses on financial asset tokenization, including stocks and bonds [4]. - The third stage encompasses the tokenization of physical assets, such as commodities like gold and oil [4]. Group 4: RWA Projects and Examples - Various RWA projects have emerged, including: - Charging station RWA by Longxin Group, which tokenizes the revenue rights from charging stations [6]. - Real estate and supply chain finance RWA projects that convert valuable but illiquid assets into liquid capital [6][7]. - The article highlights that RWA is suitable for businesses with valuable but hard-to-sell assets, transforming them into liquid capital [6]. Group 5: RWA Process and Compliance - The process for issuing RWA involves several steps, including asset verification, auditing, and the establishment of a Special Purpose Vehicle (SPV) for risk isolation [9][11][12]. - Compliance with local regulations is crucial, particularly regarding data security and the legality of cross-border transactions [14]. Group 6: Market Landscape - The current market for RWA includes various asset classes, such as renewable energy assets, real estate, and intangible assets like carbon credits and intellectual property [7][8]. - The article notes that while RWA presents innovative opportunities, it also faces challenges related to asset ownership clarity and legal protections [15].

Group 1 - China has significantly reduced its holdings of US Treasury bonds, dropping from $1 trillion in 2022 to $756.3 billion by May 2024, marking the lowest level since 2009 [3][4] - The reduction in US Treasury holdings includes a sell-off of $173.2 billion in 2022, $50.8 billion in 2023, and $57.3 billion in 2024, indicating a trend of "liquidation" [3][4] - The shift in China's investment strategy is driven by concerns over the volatility of the US dollar and a desire to reduce dependency on it, while simultaneously increasing gold reserves to 2,296 tons by May 2024 [4][10] Group 2 - Other countries are also reducing their US Treasury holdings, with Saudi Arabia decreasing from $116 billion in 2016 to $80 billion in 2024, and Germany cutting $20 billion in the first quarter of 2024 [8][10] - The trend of "de-dollarization" is gaining momentum globally, with countries like Australia planning to reduce their US Treasury holdings from 60% to 50% over the next two years [8][10] - The global financial landscape is shifting, with non-dollar asset allocation rising to nearly 30% in 2024, more than doubling in five years, indicating a challenge to the dollar's dominance [12]