[Finance: Three Types of Cross-Border RWA Businesses Feasible – Debt-Oriented, Equity-Oriented, and Others] Odaily Planet Daily reports that *Caijing* magazine published an article pointing out that the *Notice on Further Preventing and Handling Risks Related to Virtual Currencies* defines RWA tokenization as a new type of securities activity. This implies that licensed securities intermediaries operating in both mainland China and Hong Kong are likely to benefit. Analysts believe that three types of cross-border RWA businesses are feasible: 1. Debt-oriented RWA tokenization, characterized by a clear term and repayment of principal and interest upon maturity. 2. Equity-oriented RWA tokenization, typically involving dividends and no fixed maturity date. 3. Other types of RWA tokenization, such as gold-based RWA tokenization businesses.