Core Insights - The establishment of the Global Asset Digitalization RWA Ecosystem Alliance aims to facilitate the digitalization of real-world assets (RWA) and enhance the integration of digital economy with the real economy [1][4][22] Group 1: Market Overview - The RWA market has surpassed a total locked value of $65 billion, indicating a growing demand for cross-border asset circulation and digitalization of physical assets, with a potential trillion-dollar market emerging [2][22] - The Hong Kong Monetary Authority's "Ensemble Project Sandbox" and the accelerated implementation of stablecoin regulations provide a favorable policy environment for the RWA industry [2][22] Group 2: Alliance Objectives - The RWA Ecosystem Alliance aims to create a collaborative platform that integrates policy, technology, industry, and capital to break down barriers between traditional assets and digital ecosystems [4][6] - The alliance will focus on establishing collaborative standards to regulate the entire RWA development process and connect with global partners to align China's RWA ecosystem with international rules [4][20] Group 3: Key Activities and Initiatives - The launch ceremony of the RWA Ecosystem Alliance was a significant event, marking a new starting point for collaborative development in the RWA industry [10][12] - The alliance has signed strategic cooperation agreements with several founding members to explore RWA technology development, digitalization pilot projects, and cross-border asset circulation [14][22] Group 4: Future Directions - The alliance plans to build a comprehensive value support system for its members, focusing on resource integration, standardized technical tools, and long-term empowerment [20][22] - The goal is to position China as a global core node for RWA asset pricing and circulation within 3-5 years, contributing to global digital economic governance [22]