Viewpoint: "Everything can be RWA" is a false proposition, currently only covering five mainstream assets such as finance and real estate

According to a report by 21 Economic Network, Hong Kong has released an RWA industry white paper system that proposes standards and frameworks for asset screening, while breaking the market's argument that "everything can be RWA". Not all assets are suitable for RWA tokenization. The successful implementation of large-scale landing of assets requires meeting three major thresholds: value stability, legal clarity, and off chain data verifiability. At present, it mainly covers five mainstream assets: financial assets such as gold, bonds, and funds, new energy assets such as photovoltaics, real estate and other real estate, intangible assets such as carbon credits, data, and intellectual property, and computing power assets such as GPU hardware.