China State-owned Enterprise Issues World’s First RWA Digital Bond on Ethereum

A Chinese state-owned company, operating in Shenzhen, has issued the world’s first public Real World Asset (RWA) digital bond using the Ethereum blockchain. The transaction, conducted in Hong Kong, involved the issuance of 500 million yuan (approximately $69 million) worth of offshore RMB bonds with a two-year maturity and a coupon rate of 2.62%. This follows the company’s successful international bond issuance in October 2024. The move marks a significant step forward in RWA development as the company actively tracks international financial market trends.