TechFlow news, October 28 — According to reports by Every Business Daily News, Shenzhen Second Home Online Information Technology Co., Ltd. is simultaneously promoting digital management services for seaside properties and vacation hotels via WeChat mini-programs, and aggressively recruiting RWA partners, claiming that "investing 3,000 yuan could make you a millionaire." The company's founder, Fan Jia, said the core of their business is acquiring idle domestic real estate, upgrading it into high-value-added "digital assets," then splitting ownership rights and revenue rights based on annual usage time into multiple shares for sale—implementing "fractionalization" domestically and "tokenization" overseas: once these digital assets reach scale, they will serve as underlying assets for issuing corresponding tokens abroad, attracting international investors to help domestic project parties monetize. Yao Yang, professor at Shanghai University of Finance and Economics' Dishui Lake Advanced Institute of Finance, pointed out that currently RWA either sees little trading activity (such as in Hong Kong) or breeds numerous scams, with regulators already warning companies not to enter the space lightly.
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