#Ondo 【Chinese Government Announces Regulatory Framework for Domestic Asset Issuance of RWA Abroad】Issuance of RWA (Real-World Asset Tokenization) from domestic assets to overseas markets in China will no longer be a gray area.

On February 6, 2026, the People's Bank of China, together with eight major departments including the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Public Security, the State Administration for Market Regulation, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange, issued the "Notice on Further Preventing and Disposing of Risks Related to Virtual Currencies and Other Issues" (hereinafter referred to as the "Notice"). At the same time, a practically significant annex—the CSRC's 2026 No. 1 Announcement "Regulatory Guidelines for Domestic Asset Issuance of Asset-Backed Securities Tokenized for Overseas Markets"—was also published online.

Compared to the regulatory guidance issued at the end of August 2025, which instructed domestic enterprises not to go overseas for RWA issuance, this is the first time regulators have explicitly defined RWA and provided a clear regulatory framework.

According to the "Notice," Real-World Asset Tokenization (RWA) refers to activities that use cryptographic technology and distributed ledger or similar technologies to convert asset ownership, income rights, and other rights into tokens (digital assets) or other rights and bonds with token-like characteristics, and then issue and trade these tokens.