
RWA Tokenization Hits A Political Speed Bump In China
Hong Kong has spent two years positioning itself as Asia’s most pragmatic lab for digital assets: the SFC laid out how tokenised funds and securities can be offered to the public, while the HKMA stood up Project Ensemble to pilot tokenised deposits, PvP/DvP settlement, and even wholesale CBDC as settlement money. Then Beijing tapped the brakes. According to Reuters, China’s securities regulator has quietly asked several mainland brokerages to pause their real-world asset (RWA) tokenization activity in Hong Kong, a reminder that China’s capital-markets policy and Hong Kong’s digital-asset ambitions must still rhyme, even when they don’t sing the same…








