The Hong Kong Securities and Futures Contract Commission (SFC) has added two types of Maotai-flavored liquor RWA Token to its list of questionable investment products.
This move targets self-promoting products tied to physical assets and returns at maturity, amid growing investor adoption of Tokenize models related to commodities and shares.
- SFC specifically named VSFOLT and RWA Maotai liquor Token as suspicious.
- The product claims to represent assets in baijiu liquor and shares in a Hong Kong-listed company.
- SFC warns investors to exercise caution.
SFC issues warning about VSFOLT and RWA Maotai liquor Token .
The SFC has listed VSFOLT (Sheng Maotai-flavor liquor) and its related RWA Token as questionable investment products.
According to information from December 24th, these products are described as representing some physical assets of baijiu (Chinese liquor) and also shares of a Hong Kong-listed company. The SFC emphasized that investors should exercise caution when approaching such products.
The marketing descriptions also stated that investors could Chia in the profits upon maturity. However, appearing on the suspicious list indicates that regulators perceive a risk to investors and caution is needed regarding claims related to the underlying assets, profit mechanisms, and maturity dates.
The product features self-attached real assets and a profit- Chia mechanism.
The named RWA Token claim to be tied to physical assets and financial interests, but the SFC is urging investors to act with caution.
The description states that the Token represents a portion of Maotai-flavored liquor assets and/or shares in a Hong Kong-listed company, and conveys a message of profit Chia upon maturity. The SFC does not recommend investment and only issues warnings about the product's questionable nature.
The accompanying information also clarifies that the content is for informational purposes only and does not constitute investment advice. Investors should assess the risks themselves when approaching cryptocurrency or Tokenize products linked to commodities/shares, especially when there is an emphasis on high returns and Capital periods.
