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![lilevexyz Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1563551106667782145.png) 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

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946925842497409505/c:line.svg)

**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.]

lilevexyz Avatar 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:

  • 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

Engagements Line Chart

Related Topics $stanl money just launched china rwa

Post Link

post/tweet::1946925842497409505
/post/tweet::1946925842497409505