[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Retarded Eve [@lilevexyz](/creator/twitter/lilevexyz) on x XXX followers Created: 2025-07-20 13:31:07 UTC Is RWA happening in China? China AMC(HK) just launched the first tokenized RMB money market fund. Key takeaways: - Standard Chartered Bank serves as the tokenization agent, operating through its subsidiary tokenization platform Libeara. - Only accessible to HK investors(aka whitelist addresses) - Distribute on chain, settle off chain, end investors actually do not hold tokens🤣, but distributors, and investors settle with them (not your keys,________) - X distributors including brokers, licensed CEX and funds - seems didn't reveal which chain is adopted - high fees: subscription up to 3%, redemption 1%, management fee XXXX% That's far away from decentralization, thinking the U.S. MMF issued by Franklin Templeton on Stellar is reaching $700M with fully end to end on chain operations, HK pls stop these desperate PR and build something real🤣. So has RWA happened in China? From this case the answer is NO🙅, but as I know more institutions are actively working on the full tokenization process, still positive on it tho this one is a fake marketing for sure💀 XXX engagements  **Related Topics** [$stanl](/topic/$stanl) [money](/topic/money) [just launched](/topic/just-launched) [china](/topic/china) [rwa](/topic/rwa) [Post Link](https://x.com/lilevexyz/status/1946925842497409505)
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
Retarded Eve @lilevexyz on x XXX followers
Created: 2025-07-20 13:31:07 UTC
Is RWA happening in China?
China AMC(HK) just launched the first tokenized RMB money market fund.
Key takeaways:
That's far away from decentralization, thinking the U.S. MMF issued by Franklin Templeton on Stellar is reaching $700M with fully end to end on chain operations, HK pls stop these desperate PR and build something real🤣.
So has RWA happened in China? From this case the answer is NO🙅, but as I know more institutions are actively working on the full tokenization process, still positive on it tho this one is a fake marketing for sure💀
XXX engagements
Related Topics $stanl money just launched china rwa
/post/tweet::1946925842497409505