"RWA and Tokenization - Investment and Financing Changes under Web3.0 Technology" by Wang Yang, Bai Haifeng, and Zhu Haokang
In today's era of rapid change, the continuous development and innovation of Internet technology It gave birth to Web 3.0, a new generation of Internet, which profoundly affects all aspects of society. Especially in the field of financial investment, the core technologies of Web 3.0 - blockchain and tokenization - are reshaping the traditional investment and financing model and bringing unprecedented innovation. In this context, the tokenization of Real World Assets ("RWA") has become a quietly rising and rapidly developing financial revolution, with the core concept of "Web 3.0 empowering the real economy."
According to a June 2024 report from Standard Chartered Bank, it is expected that the market size of RWA tokenization or tokenization will reach US$30.1 trillion by 2034. RWA.xyz data shows that the current assets that have been tokenized are approximately US$190 billion (including stablecoins). This number has attracted great attention from the global financial community. This significant market growth demonstrates that tokenization is playing an increasingly important role in improving the liquidity, accessibility, and efficiency of global trade and finance.
In order to help readers deeply understand this wave of tokenization and its potential huge opportunities, three experts from the core team of the Asia RWA Working Group jointly wrote "RWA and Tokenization-Web3.0 Technology" "Reforms in Investment and Financing under the Future". The book is published by the China Finance and Economics Press, directly under the Ministry of Finance of China, and is planned and produced by Zhan Lu. It is the world's first Chinese monograph on RWA tokenization and is currently available for purchase on JD.com.
Authoritative background and author lineup
"RWA and Tokenization" is co-written by three experts with profound backgrounds in the fields of finance and technology. They are:
Wang Yang: Vice President of Hong Kong University of Science and Technology, Chief Scientist of Hong Kong Web 3.0 Association, Asia RWA Working Group Chairman;
Bai Haifeng: Managing Director of CMB International Asset Management Company and Director of the Asset Management Committee of the Asian RWA Working Group;
- < p>Zhu Haokang: Head of Digital Asset Management in Hong Kong of China Asset Management, Head of Family Wealth Management, and founder of the Asia RWA Working Group.
The three expert authors have both solid academic backgrounds and rich practical experience. In the book, they provide an in-depth analysis of the basic principles, development opportunities and challenges of RWA tokenization in the Web 3.0 era. This makes "RWA and Tokenization" a professional book with in-depth value in both theory and practice.
Authoritative recommendations from more than 20 big names including Professor Ba Shusong, Tu Guangshao, Wang Zhongmin, Chen Jiaqiang, Chen Delin, Guo Wei and others
Professor Ba Shusong (executive of Peking University HSBC Financial Research Institute) Dean, Vice President of the China Macroeconomics Society, Chief Economist of the China Banking Association, and Expert of the Policy Group of the Chief Executive of the Hong Kong Special Administrative Region Government) wrote a recommendation foreword for this book. In the preface, Professor Ba mentioned that "RWA and Tokenization" demonstrates the great possibilities of digital assets and Web 3.0 technology, especially how to innovate within the existing policy and regulatory framework. This book provides many valuable insights for academics, policymakers, entrepreneurs, and investors. Professor Ba also specifically mentioned that Hong Kong’s case provides important experience and inspiration for global financial innovation.
Strong support from industry leaders
In addition to the recommendation of Professor Ba Shusong, this book has also received the recognition and support of 20 industry leaders from finance, technology and academia, including ：
Tu Guangshao: Chairman of Shanghai New Financial Research Institute and former deputy director of China Securities Regulatory Commission Chairman, former general manager of China Investment Corporation;
Wang Zhongmin: Chairman of Shenzhen Financial Stability and Development Institute, former Vice Chairman of National Social Security Fund;
Ka-keung Chan: Former Secretary of the Financial Services and the Treasury Bureau of the Hong Kong Special Administrative Region;
Delan Chan: Former President of the Hong Kong Monetary Authority;
Guo Wei: Chairman of the Board of Directors of Digital China;
Four current members of the Hong Kong Legislative Council: Chen Zhongni, Ge Peifan, Qiu Dagen, and Shang Hailong;
As well as more than ten financial industry leaders and experts and scholars from the world's top universities such as Tsinghua University, Peking University, Fudan University, Hong Kong University, Hong Kong Polytechnic, and Columbia University in the United States.
The above well-known authorities jointly recommended this 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 field of RWA .
Web 3.0 and the core value of RWA tokenization
"RWA and tokenization" deeply explores how RWA tokenization, as a financial revolution in the Web 3.0 era, Redefine the investment and financing model through blockchain technology and smart contracts. Converting various real-world assets such as bonds, stocks, currencies, funds, real estate, and carbon credits into digital tokens can significantly reduce transaction costs, improve efficiency, and enable these assets to achieve low thresholds and high liquidity on a global scale Sex transaction. RWA.xyz data shows that the current assets that have been tokenized are approximately US$190 billion (including stablecoins). This number has attracted great attention from the global financial community. This significant market growth demonstrates that tokenization is playing an increasingly important role in improving the liquidity, accessibility, and efficiency of global trade and finance.
The book provides a detailed analysis of the technical basis of tokenization: the decentralization and non-tampering characteristics of the blockchain, as well as the automated execution capabilities of smart contracts, make the circulation of tokenized assets more transparent and Safety. This technological change not only changes the operating model of traditional finance, but also has a profound impact on the liquidity, accessibility and inclusiveness of global financial markets.
As this book explains, RWA tokenization can not only improve the inclusiveness of financial services, but also provide huge potential for the development of the real economy. Through tokenization, real-world assets can be better integrated into the ecosystem of the digital economy and promote global financial innovation.
The perfect combination of theory and practice
"RWA and Tokenization" not only provides detailed analysis at the theoretical level, but also demonstrates the actual practice of tokenization through a large number of practical cases. application. The first and second chapters of the book systematically introduce the basic features of Web 3.0, and provide an in-depth explanation of the blockchain technology, smart contract principles and token economics theory behind tokenization.
At the practical level, Chapters 3 and 4 of the book focus on analyzing the tokenization models in the two core areas of RWA and stablecoins. Through the detailed data and cases in Chapters 5 and 6, readers can clearly understand how to digitize and tokenize real-world assets through blockchain technology. This not only broadens the application scenarios of tokenization, but also provides a feasible path for future innovation in the financial industry.
Risks and regulatory challenges of tokenization
Although tokenization has broad prospects, this book also explores the risks and challenges it faces in a cautious manner. Chapters 7 and 8 analyze in detail the legal and regulatory issues of tokenization on a global scale, pointing out that differences in regulations between different countries and regions bring uncertainty to the promotion of tokenization.
In addition, the book also mentions possible risks caused by technical issues such as smart contract vulnerabilities and blockchain network scalability. The authors propose strategies to address these challenges, providing valuable suggestions for the healthy and sustainable development of tokenization.
Conclusion
"RWA and Tokenization - Investment and Financing Reforms under Web3.0 Technology" is undoubtedly a cutting-edge masterpiece in the field of digital assets. It not only helps readers fully grasp the basic theories of Web 3.0 and RWA tokenization, but also provides in-depth insights and practical reference for innovators in the field of financial technology. Whether you are a research scholar, or an entrepreneur or investor interested in the field of financial technology, this book can help you better understand future changes in the field of digital assets.
If you are interested in tokenization, tokenization, blockchain technology and financial innovation in the Web 3.0 era, then "RWA and Tokenization" is definitely an excellent book worth reading carefully. A cutting-edge masterpiece to read and savor.
Anais
Catherine
Alex
Kikyo
Weatherly