On December 24, the Hong Kong Securities and Futures Commission designated two RWA tokens tied to Maotai-flavored liquor as suspicious investment products, according to reports. The tokens are said to represent real assets, including baijiu and shares of listed Hong Kong companies, with returns promised at maturity. The report identifies the tokens as VSFOLT. The SFC urged investors to exercise caution.
The SFC’s warning underscores the regulatory focus on asset-backed crypto products and the need for due diligence when considering such offerings. This action reflects rising regulatory attention to the risks and representations associated with real-world collateral in crypto instruments, emphasizing caution for investors and heightened compliance expectations for issuers.
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