The post Real-World Asset (RWA) Tokenization in Hong Kong Faces Beijing’s Regulatory Pushback appeared on BitcoinEthereumNews.com.

The post Real-World Asset (RWA) Tokenization in Hong Kong Faces Beijing’s Regulatory Pushback appeared first on Coinpedia Fintech News The excitement around tokenizing real-world assets (RWAs) in Hong Kong has hit a regulatory speed bump. As deals and projects in the city accelerate, Beijing is stepping in to slow momentum, signaling once again that when it comes to digital assets, China prioritizes control over market hype. CSRC Asks Firms to Halt Tokenization Projects According to a Reuters report, the China Securities Regulatory Commission (CSRC) recently advised several mainland brokerages to pause their RWA tokenization activities in Hong Kong. Informal guidance was reportedly given to at least two major firms earlier this month. The regulator is seeking to ensure that such ventures are backed by legitimate businesses, with robust risk management frameworks in place before moving forward. A Beijing-based financial lawyer familiar with the matter said: “Beijing doesn’t want tokenization projects moving faster than regulation can keep up. The authorities want to ensure that the risks are fully understood before allowing large-scale rollout.” This measured approach highlights China’s cautious stance toward real-world asset tokenization, even as global markets increasingly adopt blockchain-based financial instruments. Hong Kong Pushes Ahead With Digital Asset Ambitions In contrast, Hong Kong regulators are pushing aggressively to establish the city as a global hub for digital finance and tokenized securities. The Financial Services and the Treasury Bureau (FSTB), along with the Hong Kong Monetary Authority (HKMA), are currently reviewing the city’s legal and regulatory framework around tokenization. The city has already seen several high-profile tokenization initiatives: GF Securities (Hong Kong unit) launched “GF tokens” in June. China Merchants Bank International helped issue a 500 million yuan digital bond in August. Property giant Seazen Group announced plans to establish a tokenization-focused research institute. A Hong Kong-based fintech executive commented:…

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Filed under: News - @ September 23, 2025 8:23 am