Left Bank Xinhui (Shanghai) Data Technology Co., Ltd. (hereinafter referred to as "Left Bank Xinhui") announced the first RWA (Real World Asset Tokenization) project in the agricultural field, the "Malu Grape RWA" project, at the 2024 Data Asset Management Summit, and completed a 10 million yuan equity financing.

RWA stands for Real World Asset Monetization, which refers to the process of storing ownership of physical assets in the form of digital tokens on the blockchain for transactions. This concept can be likened to the "IPO" of the digital world, which transforms various assets in the real world into digital assets that can be traded on the blockchain through tokenization.

Liu Xiaoyu, Director of the Data Asset Management Center of the National Engineering Laboratory for Big Data Circulation and Trading Technology, stated in an interview with Securities Daily that currently, many countries and regions around the world have actively innovated and explored in the RWA field, while China is still in its infancy and has broad development space. At the same time, China has numerous promising RWA innovative targets, such as green energy, carbon emissions, algorithm computing power and other industries. According to estimates, by 2030, the scale of RWA assets in China may reach one trillion yuan.

　　
Malu Grape RWA Project Landing

　　 Malu Grape "is one of the most representative agricultural product brands in Shanghai, with a development history of more than 40 years. Based on the development of the "Malu Grape" industry chain, Shanghai Data Exchange has collaborated with Malu Town Economic Development Service Center, Left Bank Xinhui, "Malu Grape" planting enterprises, as well as infrastructure service providers, information security service providers, law firms, accounting firms, asset appraisal companies, and other businesses to explore innovative applications of data elements.

       Among them, Left Bank Xinhui, as the project operator, integrates agricultural products and production data into project assets based on the core architecture of SwiftLink management platform. Relying on the tradable trading attributes of the project operator's shares, it ensures the accuracy, completeness, and timeliness of information disclosure, enhances investor confidence, and completes a 10 million yuan equity financing.

        Ye Lifeng, Director of Data Asset Trading Department of Shanghai Data Exchange, told Securities Daily reporters that as a data operation technology company, Left Bank Xinhui operates and manages the data of "Malu Grape" and connects with the Stock Exchange Center to disclose the relevant data of "Malu Grape" under its management on both the Shanghai Data Exchange and the Stock Exchange Center, achieving the connection and connection between data assets and fund assets.

　　Left Bank Xinhui stated that the project financing will be used for the construction and upgrading of new infrastructure in the field of smart agriculture to meet higher agricultural production standards, achieve traceability of agricultural products, and optimize agricultural product supply chain management. At the same time, cultivate and strengthen agricultural management entities, enhance the brand influence of agricultural products, and increase sales revenue. In addition, we will also support financial institutions such as insurance and banks to serve the characteristic agricultural industry and carry out digital finance and inclusive finance innovation, promote the coordinated development of data factor markets and capital factor markets, and fully leverage the amplification, superposition, and multiplication effects of data factors.

Hu Yu Fund founder Wen Peng stated that the Malu Grape RWA project is another milestone in the circulation of data elements and a key link in the development of the entire data industry. It can not only promote the development of data related technologies, but also drive the growth of the digital economy. Through RWA, enterprises can utilize precise and reliable data to activate resources, optimize services, promote product innovation and upgrading, thereby improving operational efficiency and forming core competitiveness.

   

　　
The development of data asset tokenization is promising

　　Relying on blockchain technology to convert intangible assets such as physical assets and data elements into digital form has become the latest application in the history of blockchain development, providing a new exploration path for solving the five challenges of authenticity, transparency, liquidity, economy, and consensus faced by the financialization of physical assets.

At present, multiple countries such as the United States, Japan, Switzerland, and Singapore are actively exploring the tokenization of data assets, and Hong Kong, China is also promoting innovative applications of virtual assets through the Ensemble project sandbox.

In Liu Xiaoyu's opinion, for enterprises, data asset tokenization can not only realize asset realization, provide new sources of income, but also increase operational efficiency. More importantly, it can also provide new financing channels, such as attracting investors to participate and meeting financing needs through data asset tokenization projects. From the perspective of investors, tokenization of data assets can further enrich investment choices. At the same time, tokenization projects can divide traditional bulk assets into smaller tradable units, making it easier for investors to purchase suitable token shares based on their own financial situation and reducing investment barriers.

With the implementation of the Malu Grape RWA project, the construction of China's data asset tokenization market will further accelerate. Xiao Geng, President of the Hong Kong Institute of International Finance and Professor at the Institute of Advanced Financial Studies of The Chinese University of Hong Kong (Shenzhen), told Securities Daily reporters that close cooperation between mainland China and Hong Kong in the field of data asset tokenization is the trend in the future. By integrating the ecological advantages of Hong Kong's financial market with the strong volume of real economy data, diverse application scenarios, and solid underlying foundation of real assets in mainland China, a strong synergistic effect is established, opening up a new pattern for the tokenization of data assets.