Tokenization Wave: A New Era of Traditional Assets on-chain

In the global financial sector, tokenization is rapidly moving from concept to practice, becoming a highly regarded hot topic. Whether it is crypto-native institutions or traditional financial giants, all are exploring how to digitize, on-chain, and globalize real-world assets (RWA) under compliance. From government bonds and real estate to commodities and bills, asset classes are continuously expanding, and regulatory frameworks are gradually opening experimental space. This wave of on-chain assets reflects the deep demand of global capital markets for efficiency, transparency, and 24/7 liquidity.

In this context, an innovative platform has emerged as a regulatory-friendly, institutional-focused tokenization practitioner. Unlike many traditional financial institutions that are still in the pilot phase of their layouts, this platform has accumulated practical business experience through real-world projects. At the same time, it differs from the aggressive experimental paths of some crypto institutions that prioritize technology, placing greater emphasis on compliance, security, and institutional-level adaptation.

RWA enters an accelerated phase, three major products bridge the path for traditional assets to go on-chain.

The trend of RWA tokenization is accelerating its penetration into the mainstream market. According to the latest data from data platforms, the total value of global on-chain RWA assets has exceeded $25.5 billion, with a growth rate of nearly 56% since the beginning of the year, covering various asset classes such as U.S. Treasury bonds, real estate, private credit, commodities, and stocks. This trend indicates that on-chain finance is no longer limited to an experimental field of crypto-native assets; the traditional financial market's demand for more efficient, transparent, programmable, and composable financial infrastructure is becoming increasingly strong.

Currently, the issuance and custody processes of traditional financial assets still heavily rely on centralized institutions. Although they have advantages in compliance and security, they also face challenges such as complex and lengthy issuance processes, high participation thresholds, soaring costs, and serious data silos. Addressing these pain points, this innovative platform has developed highly compliant and efficient on-chain issuance and management solutions through its three core product lines, targeting major asset classes such as bonds, funds, and securities, to accelerate the on-chain transformation of traditional assets.

Product 1: Native tokenization of government notes and bonds

This product is an innovative asset tokenization platform designed specifically for national-level financial institutions, supporting the native issuance, trading, and management of government bonds and sovereign debt directly on-chain, thereby enhancing the inclusiveness, transparency, and risk-resilience of the financial system.

Traditional sovereign bonds usually have high thresholds and complex processes, only targeting institutional investors, while ordinary citizens are often excluded. This product eliminates the entry barriers of traditional markets by supporting the issuance of small denomination bonds and on-chain wallets, promoting the democratization of debt. Moreover, traditional bonds involve multiple intermediaries (such as underwriters, custodial banks, exchanges, and clearinghouses), making the process cumbersome and inefficient. This product allows the government to issue, circulate, and repay directly on-chain, automatically executed through smart contracts, and the entire process is traceable and verifiable.

Moreover, developing countries heavily rely on dollar-denominated debt for financing. Once their local currency depreciates, the pressure to repay debts increases sharply, making them susceptible to the trap of currency mismatch. The local currency bond support mechanism of this product supports the on-chain issuance of native local currency debt, enhancing the strategic autonomy and risk resilience of governments, while strengthening credit anchoring.

In addition, the platform provides flexible design capabilities for debt products. Traditional government bonds have a single form, making it difficult to adapt to the increasingly diverse capital demands and policy orientations. This product supports programmable debt instruments, such as inflation-linked bonds, delayed issuance bonds designated for future activation, as well as innovative forms like lottery bonds and birthright bonds, allowing debt products to meet social policy goals and the diverse needs of different groups.

More importantly, the traditional debt structure involves multiple institutions, where intermediary risks, operational errors, or bankruptcy events can lead to investors being unable to redeem or suffering losses. This product implements a native on-chain holding mechanism, where assets are directly owned by investors, eliminating intermediary custody risks and single points of failure, and the data is transparent and verifiable, greatly enhancing system resilience.

Product 2: Tokenization services for regulated fund managers

The product allows regulated fund managers to conduct on-chain fund share issuance and management, supporting tokenization of fund shares of any denomination, significantly lowering the investment threshold. Through the tokenization mechanism, these fund shares can be freely transferred among compliant investors, effectively breaking the liquidity bottleneck in traditional fund investments. The platform supports multi-asset classes and fund management across jurisdictions, meeting the needs of diversified investment portfolios. Investors can conveniently perform subscription, redemption, and transfer operations of fund shares on the platform, greatly enhancing user experience and operational efficiency.

The product will be officially launched through the development of institutional-grade applications and platforms for licensed fund managers in Singapore, featuring institutional-level security and compliance. It can be said that it meets the different needs of crypto-native investors and traditional investors by bridging traditional finance (TradFi) and decentralized finance (DeFi).

Product Three: Universal Security Token Issuance Platform

This product is a universal security token issuance platform that supports multiple asset classes and enables the tokenization of various real-world assets, including securities, commodities, and media. The platform supports multiple blockchain networks to ensure technical compatibility and flexibility to adapt to the needs of different markets. At the same time, it integrates KYC and AML functionalities, as well as bank-grade technology, internal control systems (ICS), risk management, and compliance standards to ensure that the issuance and circulation of all tokenized projects comply with regulatory and legal standards.

Entering the practical stage, tokenization business has been implemented for many years

Compared to many RWA participants who are still in the exploration and experimentation stage, this platform is driving tokenization from concept to practical implementation. By flexibly adapting to the regulatory and market demands of different countries and institutions, it has been practically tested and optimized in national projects in Singapore, Hong Kong, Ghana, and the Philippines, involving various asset scenarios such as public offerings, private placements, sovereign debt, and central bank digital currencies (CBDC), providing a replicable and verifiable technical paradigm for the global market.

For example, the ULTRA Fund is a tokenized U.S. short-term Treasury bond fund launched by the platform in collaboration with partners for qualified and institutional investors. It is also one of the highest-rated tokenized U.S. Treasury bond funds globally, receiving multiple high ratings from institutions such as S&P AA+f and Particula AA+. Recently, some on-chain capital entry platforms and RWA exchanges have also announced collaboration with the platform to expand access to the ULTRA Fund.

The platform has also successfully launched a retail tokenization fund in partnership with leading domestic public offering institutions------the Huaxia Hong Kong Dollar Digital Currency Fund. This fund is the first tokenized fund approved by the Hong Kong Securities and Futures Commission for the general public, enabling tokenization through this platform, providing innovative investment tools for investors to earn Hong Kong dollar returns through blockchain-based channels.

As early as 2023, the platform was shortlisted for the finals of the 2023 Ghana Central Bank CBDC Hackathon, building a prototype system that supports the subscription of Ghana government bonds and bills with CBDC, realizing the on-chain tokenization issuance and settlement of Ghana government bonds. This project not only verifies the technical feasibility but also provides a viable path for financial digitalization in developing markets.

In addition, the platform's tokenization technology has been incorporated into several national-level financial infrastructure construction projects. For example, in 2024, it actively participated in the Hong Kong Monetary Authority's Project Ensemble, which is a wholesale Central Bank Digital Currency (wCBDC) project aimed at promoting the development of the tokenized market in Hong Kong. The platform conducted proof-of-concept testing with partners to explore the settlement applications of tokenized deposits and tokenized assets, providing practical case support for the HKMA's wCBDC infrastructure. In 2020, in collaboration with a bank in the Philippines, it completed the country's first tokenized retail bond tokenization project, issuing an initial offering of retail bonds valued at 9 billion Philippine pesos (approximately $187 million) on the public blockchain. The platform also jointly launched the green finance project Project Genesis with the Hong Kong Monetary Authority (HKMA) and the Bank for International Settlements (BIS) Innovation Hub, aimed at exploring blockchain technology applications in green bond tokenization to improve issuance efficiency, lower investment thresholds, and enhance the transparency of green investments. As a technology provider, it marked its first experimental tokenization project, laying the foundation for the current system architecture.

The core team has extensive financial experience and is committed to creating the RWA "super safe car".

The core team of this innovative platform brings together top experts from traditional finance, blockchain technology, and regulatory compliance. The founder and CEO has over 20 years of rich experience in capital markets, having designed and executed bond financing schemes worth over $180 billion for sovereign nations, corporations, and financial institutions. He has profound insights into the inefficiencies and pain points of traditional financial markets, especially in areas with numerous intermediaries, high investment thresholds, and limited liquidity. These experiences become the foundation of the platform's establishment, allowing it to find a balance between technological innovation and financial security, providing the market with solutions that combine efficiency and credibility.

The founder once stated, "Tokenization of funds and bonds involves too many intermediary steps, resulting in high investment thresholds and difficulties in access. Tokenization not only simplifies these inefficient processes but also redefines the interaction between investors and assets. Through blockchain technology, we have enhanced the transferability of these investments, allowing assets to flow peer-to-peer among investors, significantly increasing flexibility. This has also given rise to more new use cases, such as improving liquidity and expanding the range of investor participation."

He emphasized that not all tokenization projects are equally safe. In the past, many projects simply put the digital representation of assets on-chain without considering basic investor protection measures, thereby introducing unnecessary risks. The platform's goal is to create a "super safe car" that can safely drive on the digital highway of modern finance.

The platform serves a new type of investor, specifically those who hold crypto wealth but wish to participate in traditional capital market investments. The founder pointed out that the widespread application of blockchain in traditional finance faces cognitive barriers, as many still equate blockchain with volatile cryptocurrencies and unregulated markets, rather than stable, regulated assets like government bonds. Changing this perception requires not only advanced technology but also a strong compliance framework to prove that blockchain can support serious regulated financial products.

He predicts that the power of wealth allocation will shift from large financial institutions to individuals. Tokenization will play a key role, maintaining the stability and structure of traditional finance while meeting contemporary investors' demands for flexibility and autonomy.