The China Securities Regulatory Commission releases the "Guidelines for the Offshore Issuance of RWA of Domestic Assets": adopts a strict regulatory approach to prevent risks, and requires strict filing before conducting business.
BlockBeats News, February 7 — The China Securities Regulatory Commission (CSRC) announced Document [2026] No. 1: “Regulatory Guidelines on the Overseas Issuance of Asset-Backed Securities Tokens Based on Domestic Assets” (hereinafter referred to as the “Guidelines”). The Guidelines will take effect from the date of publication. The Guidelines adopt a “strict regulatory” stance towards the issuance of RWA (Real-World Asset) tokenized products based on domestic assets and issued overseas (especially asset-backed securities tokens). Essentially, this is part of the “strict overseas regulation” aimed at preventing speculation, cross-border risks, and illegal financial activities. The summary is as follows:
· The so-called domestic assets issued overseas as asset-backed securities tokens refer to activities that use domestic assets or related rights to generate cash flows as repayment support, utilizing encryption technology and distributed ledger or similar technology to issue tokenized equity certificates overseas.
· Domestic assets issued overseas as asset-backed securities tokens must strictly comply with laws, administrative regulations, and relevant policies related to cross-border investment, foreign exchange management, network, and data security. They must also follow procedures such as approval, filing, or security review required by relevant regulatory authorities, and must not harm national interests or social public interests.
· Prohibited situations include: assets/entities explicitly banned from financing through capital markets by the state; activities that may endanger national security (as determined by State Council departments); criminal offenses such as corruption, bribery, embezzlement, misappropriation of property, or disruption of market economic order within the past three years (including controlling shareholders and actual controllers); ongoing investigations (suspected crimes or major violations, with no conclusion yet); assets with significant ownership disputes or legally non-transferable; and situations touching on the negative list of asset securitization bans within China.
· The China Securities Regulatory Commission will strictly regulate RWA tokenized products issued overseas based on domestic assets in accordance with laws and regulations. Before engaging in related activities, the domestic entity controlling the underlying assets (hereinafter referred to as the “domestic filing entity”) must file with the CSRC, submitting relevant materials such as the filing report, a full set of overseas issuance documents, and other information, clearly explaining the domestic filing entity details, underlying asset information, and token issuance plan. If the regulations are not met, the CSRC will not approve the filing. After completing the filing, the domestic filing entity must promptly report any major issues to the CSRC.