China's industry bodies label real-world asset tokenization illegal and target RWA-supporting staff
On January 5, 2026, multiple Chinese financial industry associations jointly declared that real-world asset tokenization is an illegal form of fundraising and trading under existing laws. The notice states that all RWA-linked tokens, services, and platforms lack legal standing in mainland China, and warns that domestic personnel who knowingly assist overseas crypto and RWA providers may face legal consequences.