TechFlow News: On February 13, according to financial reports, Zou Chuanwei, Dean of the Jiangsu Provincial Institute of Digital and Fintech Finance, interpreted the new regulations on real-world assets (RWA) digital assets, stating that relevant provisions categorize RWA tokenization activities conducted by domestic entities overseas into three types:
First, debt-like RWA tokenization—i.e., RWA tokenization in the form of foreign debt. “Its core feature is a clearly defined maturity date, with principal and interest repaid upon maturity,” said Zou Chuanwei.
Second, equity-like RWA tokenization—i.e., RWA tokenization conducted overseas based on domestic equity interests, resembling asset securitization and possessing equity-like characteristics. “Equity-like RWAs typically distribute dividends and have no clearly defined maturity date.”
Third, other types of RWA tokenization. Zou Chuanwei noted that RWA tokenization activities whose underlying assets exhibit neither clear equity nor debt characteristics—regarding returns and maturity—fall under this category; for example, gold-backed RWA tokenization.
