China Embraces Blockchain for RWA Bonds with Ethereum Issuance

In a groundbreaking move, China has embraced blockchain technology to issue real-world asset (RWA) bonds on the Ethereum blockchain. Futian Investment Holding, a state-owned enterprise based in Shenzhen, issued 500 million yuan in RWA bonds on August 29th, marking a significant step forward for blockchain adoption in the country’s financial sector. This innovative issuance was facilitated by Hong Kong’s favorable policies, positioning the city as a key player in global finance.