The world's first Chinese-language book on RWA tokenization research has been released.

In the fast-changing era today, the continuous development and innovation of Internet technology have given birth to Web 3.0, the new generation of the Internet, profoundly impacting all aspects of society. Especially in the field of financial investment, the core technologies of Web 3.0 - blockchain and tokenization, are reshaping traditional investment and financing models, bringing unprecedented innovation. In this context, the tokenization of Real World Assets (RWA) has quietly emerged as a rapidly developing financial revolution, with the core concept of "Web 3.0 empowering the real economy".

According to a report by Standard Chartered Bank in June 2024, it is expected that the market size of RWA securitization or tokenization will reach $30.1 trillion by 2034. Data from RWA.xyz shows that the current tokenized assets are approximately $190 billion (including stablecoins), a figure that has attracted high attention from the global financial community. This significant market growth indicates that tokenization is playing an increasingly important role in improving the liquidity, accessibility, and efficiency of global trade and finance.

To help readers understand the tokenization wave and its potential opportunities, three experts from the core team of the Asian RWA Working Group have jointly written the book 'RWA and Tokenization - Investment and Financing Transformation under Web3.0 Technology'. The book is published by the China Finance and Economics Publishing House, directly under the Ministry of Finance of China, and planned and produced by Zhanlu. It is the world's first Chinese monograph on RWA tokenization and is currently available for purchase on JD.com.

Authority Background and Author Lineup

"RWA and Tokenization" is co-authored by three experts with deep backgrounds in finance and technology, namely:

• Wang Yang: Vice President of Hong Kong University of Science and Technology, Chief Scientist of Hong Kong Web 3.0 Association, Chairman of the Asian RWA Working Group;
• Bai Haifeng: Managing Director of CMB International Asset Management Company, Director of the Asian RWA Working Group Asset Management Committee;
• Zhu Haokang: Director of Digital Asset Management and Family Wealth Management at Huaxia Fund Hong Kong, founder of the Asia RWA Working Group.

The three expert authors have solid academic backgrounds and rich practical experience. In the book, they analyze in depth the basic principles, development opportunities, and challenges faced by RWA tokenization in the Web 3.0 era. This makes 'RWA and Tokenization' a professional book with both theoretical and practical Depth value.

Professor Ba Shusong, Tu Guangshao, Wang Zhongmin, Chen Jiaqiang, Chen Delin, Guo Wei and more than 20 other authoritative recommendations

Professor Ba Shusong (Executive Dean of the HSBC Business School at Peking University, Vice President of the China Society of Macroeconomics, Chief Economist of the China Banking Association, and Expert of the Policy Group of the Chief Executive of the Hong Kong Special Administrative Region) has written a foreword for this book. In the foreword, Professor Ba mentions that 'RWA and Tokenization' demonstrates the enormous potential of digital assets and Web 3.0 technology, particularly in terms of innovation within existing policy and regulatory frameworks. This book provides valuable insights for scholars, policymakers, entrepreneurs, and investors. Professor Ba also highlights the importance of Hong Kong's case as a significant experience and inspiration for financial innovation worldwide.

Strong Support from Industry Leaders

In addition to the recommendation from Professor Ba Shusong, the book has also received recognition and support from 20 industry leaders in finance, technology, and academia, including:

• Tu Guangshao: Chairman of the Shanghai New Financial Research Institute, former Vice Chairman of the China Securities Regulatory Commission, former General Manager of China Investment Corporation;
• Wang Zhongmin: Chairman of the Shenzhen Institute for Financial Stability and Development, former Vice Chairman of the National Social Security Fund;
• Chen Ka-keung: Former Commissioner for Financial Services and the Treasury of the Hong Kong Special Administrative Region;
• Chen De Lin: Former Chief Executive of the Hong Kong Monetary Authority;
• Guo Wei: Chairman of the Board of Directors of Shenzhou Digital;
• Four current members of the Hong Kong Legislative Council: Chan Chung-nam, Claudia Mo, Jeremy Tam, and Kenneth Leung;
• And more than ten financial industry leaders and experts from top global universities such as Tsinghua University, Peking University, Fudan University, University of Hong Kong, Hong Kong Polytechnic University, and Columbia University in the United States.

The above well-known and authoritative individuals have jointly recommended the book, which not only shows their recognition of the content, but also further confirms the core value and important marginal contribution of the book in the RWA field.

The core value of Web 3.0 and RWA tokenization

"RWA and Tokenization" delves into the tokenization of RWA as a financial revolution in the Web 3.0 era, exploring how to redefine investment and financing models through blockchain technology and smart contracts. Transforming various real-world assets such as bonds, stocks, currencies, funds, real estate, and carbon credits into digital tokens can significantly reduce Transaction Cost, improve efficiency, and enable these assets to achieve low barriers and high liquidity in global trading. According to RWA.xyz data, the current tokenized assets amount to approximately 190 billion US dollars (including stablecoins), a figure that has drawn high attention from the global financial community. This significant market growth indicates that tokenization is playing an increasingly important role in enhancing the liquidity, accessibility, and efficiency of global trade and finance.

The book details the technical foundation of tokenization: the decentralization and tamper-proof characteristics of blockchain, as well as the automated execution capability of smart contracts, making the circulation of tokenized assets more transparent and secure. This technological transformation not only changes the operating mode of traditional finance, but also has a profound impact on the liquidity, accessibility, and inclusiveness of the global financial market.

As this book explains, the securitization of RWA not only can enhance the inclusiveness of financial services, but also provides enormous potential for the development of the real economy. Through securitization, real-world assets can be better integrated into the ecosystem of the digital economy, driving global financial innovation.

The perfect combination of theory and practice

"RWA and Tokenization" not only provides a detailed analysis at the theoretical level but also demonstrates the practical application of tokenization through a large number of practical cases. The first and second chapters of the book systematically introduce the basic features of Web 3.0 and delve into the blockchain technology, smart contract principles, and token economics behind tokenization.

In terms of practice, Chapters 3 and 4 of the book focus on the tokenization models of RWA and stablecoins. Through detailed data and case studies in Chapters 5 and 6, readers can gain a clear understanding of how blockchain technology can digitize and tokenize real-world assets. This not only expands the application scenarios of tokenization, but also provides a feasible path for innovation in the future financial industry.

Risks and Regulatory Challenges of Tokenization

Despite the broad prospects for tokenization, this book also discusses its risks and challenges with a cautious attitude. Chapters seven and eight analyze in detail the legal and regulatory issues of tokenization globally, pointing out that the regulatory differences between countries and regions bring uncertainty to the promotion of tokenization.

In addition, the book also mentions the risks that technical issues such as smart contract vulnerabilities and blockchain network scalability may bring. The authors propose strategies to address these challenges, providing valuable suggestions for tokenization health and sustainable development.

Conclusion

《RWA与通证化-Web3.0技术下的投融资变革》无疑是一部数字资产领域的前沿著作巨作。 它不仅帮助读者全面掌握Web 3.0和RWA通证化的基础理论,还为金融科技领域的创新者提供了深刻的洞见和实际操作的参考。 不管你是研究学者,还是对金融科技领域感兴趣的企业家和投资者,这本书都能帮你更好地理解未来数字资产领域的变化。

If you are interested in tokenization, securitization, blockchain technology, and financial innovation in the Web 3.0 era, then 'RWA and Tokenization' is definitely a masterpiece worth careful study and savoring, a cutting-edge masterpiece to be read and appreciated carefully.