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Hong Kong today opened its long-awaited Real World Asset Registration and Filing Platform, giving issuers a one-stop digital gate to record and certify tokenized property, commodities and other off-chain assets. The Web3.0 Standardization Association, which unveiled the portal via state-backed Jinshi Data this morning, said the system links every step “from data to finance,” letting firms lodge project details, technical specs and compliance proofs in a single workflow.
City officials believe the launch cements Hong Kong’s claim as Asia’s safest home for tokenization. The platform arrives just a week after the new Stablecoin Ordinance took effect on 1 August, requiring licences and full reserves for fiat-pegged tokens. Together, the twin rules “create clear rails for digital assets and real estate tokens to reach global buyers,” Web3 Association co-chair Zhu Qiaohua told the Hong Kong Economic Times, noted Coinfomania.
Under the scheme, issuers must first file core asset data—title deeds, valuations and legal opinions—then upload a smart-contract hash that mirrors the off-chain records. Three companion standards also go live: the RWA Tokenization Business Guide, Technical Specifications and a rulebook for blockchain-based stablecoin payments. Analysts at BlockBeats say the trio “gives investors comparable disclosures much like IPO prospectuses,” an upgrade that could pull mainstream banks into tokenized lending.
Background: Hong Kong has tested the waters since its HK$800 million tokenized green bond sale in February 2023. The government’s Digital Asset Policy Statement 2.0 in June 2025 pledged to “regularise” sovereign tokenized bonds and extend tokenization to gold, solar assets and warehouse receipts. The Securities and Futures Commission is now consulting on licences for OTC crypto dealers and custodians, aiming to wrap rules by late 2025, according to Coindesk coverage.
Regional rivalry is heating up. Singapore’s Project Guardian is piloting on-chain funds, while the UAE approved real estate token sales last spring. Yet Hong Kong’s mix of Chinese market access and English common law “may tip the scale,” said AInvest in a weekend brief that highlighted the portal’s role in cross-border finance.
Market reaction has been brisk. Within hours of launch, local prop-tech firm Yisou Technology filed to tokenize a HK$600 million Grade-A office tower, aiming for fractional sales next quarter, reported ChainCatcher. Venture studio Starbase called the platform “the world’s first public RWA registry” on X and predicted a flood of green-bond and logistics deals before year-end.
For now, retail investors cannot buy tokens directly on the site; trading must funnel through SFC-licensed exchanges. But officials hinted at a secondary marketplace “in the next phase,” pending feedback from banks and auditors. If realised, that upgrade could turn today’s registry into the backbone of a broader tokenized asset exchange—and place Hong Kong at the forefront of real estate’s digital future.
