Group 1 - RWA (Real World Assets) represents a transformative concept that connects traditional finance with digital assets through tokenization, enhancing asset liquidity and lowering investment barriers [10][11][12] - The global on-chain RWA asset value surpassed $23.3 billion by June 2025, indicating rapid growth and adoption of this technology [2][16] - RWA tokenization allows for the fractionalization of traditionally illiquid assets, enabling broader participation in investment opportunities [21][22] Group 2 - In China, Hong Kong is leading the way in RWA implementation, with regulatory frameworks supporting the tokenization of government bonds and other assets [3][11] - Notable projects in China include the tokenization of charging station data and photovoltaic assets, demonstrating the potential for RWA in green energy and agriculture [3][11] - The "East Data West Computing" initiative and the emergence of data center REITs are paving the way for the tokenization of computing power assets [4][11] Group 3 - Globally, major asset management firms like BlackRock and Franklin Templeton are pushing for the tokenization of government bonds and private debt, with individual projects managing over $2 billion [5][12] - The real estate sector in the U.S. has seen platforms like RealT tokenize thousands of properties, lowering the minimum investment to $50, thus democratizing access to real estate investments [5][12] - Regulatory challenges, such as inconsistent cross-border compliance and the reliance on centralized custodians, pose significant hurdles for the widespread adoption of RWA [6][12] Group 4 - The global asset tokenization market is projected to reach $16.1 trillion by 2030, representing 10% of global GDP, highlighting the vast potential of RWA [7][12] - RWA's ultimate goal is to democratize finance, allowing for seamless integration between traditional and digital economies, thus enabling every asset to be liquid [7][12] - The collaboration between technology and regulatory frameworks will be crucial for the successful implementation and scaling of RWA [7][12]