In brief
- Chinese regulators have reportedly given informal guidance to brokers to halt tokenization activity offshore.
- Hong Kong is pushing ahead with stablecoin licensing and its broader digital asset push.
- Observers see a temporary cooling period, not a reversal of institutional demand.
China’s securities regulator has reportedly instructed some brokerages to pause their real-world asset tokenization business in Hong Kong, aligning with Beijing’s cautious stance as Hong Kong pushes forward with digital-asset initiatives.
The China Securities Regulatory Commission (CSRC) has given informal guidance to at least two leading brokerages, asking them to refrain from offshore RWA activities, according to an initial report from Reuters on Monday that cited two individuals familiar with the matter.
Several Chinese firms, including brokerage subsidiaries, have launched or announced tokenized products in the city, per the report.
What is RWA tokenization?
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Author: Vince Dioquino
