China’s Financial Titans Plunge Into $30 Trillion RWA Tokenization Gold Rush

Wall Street’s sleeping—while Beijing’s giants turn real estate, commodities, and debt into blockchain assets. The race to digitize the planet’s collateral just went supersonic.

Why tokenize? Liquidity. A warehouse receipt gathering dust in Shenzhen becomes a 24/7 tradable asset in seconds. Old-school finance hates how efficient this is.

The $30 trillion question: Who controls the rails? China’s state-backed players are building the infrastructure first—tokenized sovereign bonds already trade on their chains. Western banks? Still debating permissioned vs. permissionless like it’s 2021.

Here’s the kicker: When Shanghai’s property market gets sliced into blockchain fractions, ‘illiquid asset’ becomes an oxymoron. Cue the institutional FOMO—and the inevitable regulatory tantrums.

Funny how ‘disruption’ always starts with banks finding a faster way to make money.

Fosun Confirms Stablecoin License Push

Fosun International has confirmed its application for a stablecoin license in Hong Kong. On August 6, founder and chairman Guo Guangchang personally led a senior team to meet Hong Kong’s Chief Executive John Lee and Financial Secretary Paul Chan. The direct involvement of top leadership shows RWA is central to Fosun’s strategy.

The Hong Kong-listed conglomerate controls RMB 796.5 billion in assets. It operates across healthcare, consumer goods, and wealth management. Fosun Wealth has launched an RWA platform and issued tokenized money market fund products.

Hong Kong’s stablecoin licensing regime went live on August 1, 2025. Companies must submit applications by September 30 to be considered early. The Hong Kong Monetary Authority will issue only limited licenses in the first phase.

CMBI Launches Top-Performing Multi-Chain Fund

China Merchants Bank’s investment arm made history with its tokenized fund. CMBI partnered with Singapore’s DigiFT to launch the first public money market fund on the solana blockchain. The fund works across four networks: Solana, Ethereum, Arbitrum, and Plume.

Multi-chain deployment solves historical bottlenecks in tokenized assets. CMBI’s fund operates across different blockchains to maximize accessibility. Smart contracts automate compliance and enable real-time settlements.

CMB International — one of Asia’s leading asset managers — have tokenized CMB’s HK–Singapore Mutual Recognition Fund on Solana as CMBMINT with DigiFT and OnChain

几天前，在digift和OnChain的支持下，亚洲地区领先的资产管理公司 招银国际… pic.twitter.com/RB3xUgrA58

The CMB International USD Money Market Fund has ranked first among Asia-Pacific peers since February 2024. Bloomberg performance data from July 2025 confirms its leading position. The tokenized version supports fiat and stablecoin subscriptions with instant liquidity through smart contracts.

CMBI’s multi-chain approach solves key bottlenecks in RWA adoption. Investors can redeem tokens in real time without waiting for traditional settlement cycles. Regulators in Hong Kong and Singapore recognize the fund.

RWA Market Size Explodes Toward $30 Trillion

The RWA tokenization market is experiencing unprecedented growth. Its current market value, including stablecoins, stands at $185 billion. Industry analysts predict the sector could reach $30 trillion by 2030, representing 54x growth.

Tokenized Treasury securities alone jumped 179% in 2024. Private credit tokenization grew 40%. BlackRock’s BUIDL fund captured nearly 30% of the tokenized Treasury market within six weeks of launch.

Wall Street giants are fully integrating blockchain technology: BlackRock, Goldman Sachs, and JPMorgan lead institutional adoption. Franklin Templeton brought its OnChain US fund to Solana earlier this year.

Hong Kong Aims to be Asia’s Crypto Gateway

Chinese firms are also deeply interested, as ANT Group is preparing stablecoin applications and JD.com is exploring Hong Kong licensing opportunities.

In contrast to the strict atmosphere on the mainland, Hong Kong’s regulatory framework attracts major Chinese firms. The city’s stablecoin rules require full reserve backing and instant redemption rights. Minimum capital requirements start at HKD 25 million.

The Stablecoins Ordinance, which went live on August 1, creates clear guidelines for institutional players. Companies can issue Hong Kong dollar or USD-backed tokens with proper licensing. Only licensed issuers can market stablecoins to retail investors.

This clear regulatory framework bridges traditional Chinese finance and global blockchain markets. As more licenses are issued in 2026, expect accelerated adoption of tokenized assets across Asia-Pacific.