** ** ** ** ** ** ** ** ** ** ** ** ** ** ** ** ** ** ** (" Notice!"" """""""""," Remark 'RWA ':')"**
**Chinese regulators Dislike the name 'RWA,," considering it hype.** This can be seen in the official document 'Yinfa [2026] No. 42," which targets and criticizes cryptocurrencies. However, the '"**""**"**"**"**"—Regulatory Guidelines on the Issuance of Asset-Backed Securities Tokens by Domestic Assets Overseas"**) supports overseas issuance of cryptocurrencies, but does not include the terms 'RWA' or 'real-world assets'."
**Yinfa [2026] No. 42** explicitly stipulates that the business scope of companies and individuals cannot include the term 'RWA'.
**The definitions of assets supporting overseas issuance of cryptocurrencies and real-world assets are different.** Yinfa [2026] No. 42 defines real-world assets as: "activities that use cryptographic technology and distributed ledger or similar technologies to convert the ownership and income rights of assets into tokens or other rights or bond certificates with token characteristics, and then issue and trade them." Regulatory guidelines define the issuance of asset-backed security tokens (ABS) overseas based on domestic assets as follows: This refers to activities that use domestic assets or related asset rights as repayment backing, and leverage cryptographic technology and distributed ledger or similar technologies to issue tokenized equity certificates overseas.
Currently, the officially supported tokens are only one type of RWA (Redeemable Warranty Token). These tokens must have cash flow as repayment backing and possess security attributes. RWAs lacking both security attributes and cash flow are not officially recognized!
