On the afternoon of May 16, the “RWA Practice Guide: Opportunities and Challenges” series of events under the Shanghai-Hong Kong Web3.0 Innovation Center, co-hosted by Wanxiang Blockchain Labs and Qianji Technology and organized by the Web3 Entrepreneurs Club, was successfully held in Jing’an, Shanghai.
The event brought together traditional financial institutions, high-quality asset originators, and on-chain protocol developers,Wang Lei, Partner at Mankun Law Firm, was invited to attend, to jointly discuss the development trends, compliance challenges, and practical implementation of real-world assets (RWA), promote resource sharing and cross-sector collaboration, and support the healthy development of the RWA ecosystem.
Development Trends and Insights on Real-World Assets (RWA)
Speaker: Hou Xiaofa (Head of Future3 Campus)
In his opening remarks, Hou Xiaofa, Head of Future3 Campus, pointed out that real-world assets (RWA), which tokenize traditional assets (such as bonds and real estate) through blockchain technology, have become an important direction for the crypto industry. The current global market size is approximately USD 250 billion, with the North American market being relatively mature. He noted that while RWA can enhance asset liquidity and optimize operational efficiency, the industry still faces challenges such as complex valuation and insufficient liquidity, necessitating attention to compliance and technical security. Finally, he introduced Future3 Campus as a startup incubation platform providing services such as business consulting and resource matchmaking, and highlighted its joint launch of an RWA incubation program with Pharos to support innovative development in the industry.
Compliance Key Points and Practical Sharing for RWA Issuance
Speaker: Wang Lei (Partner at Mankun Law Firm)
Mankun Law FirmPartner Wang Lei systematically shared key compliance points and practical experiences regarding real-world assets (RWA).She particularly emphasized that compliant RWA projects must satisfy four core conditions: clear ownership of the underlying assets, stable expected returns, legally recognized transferability, and adherence to regulatory requirements.She also stated that Mankun Law Firm will continue to monitor developments in the real-world assets (RWA) sector,and is willing to provide full-process legal services, from structure design to regulatory communication, for high-quality projects, jointly promoting the healthy and orderly development of the industry.
Why Web3 Newcomers Are Strategically Positioning in the Real-World Assets (RWA) Sector
Speaker: Wilguish Ng (Head of Ecosystem Partnerships at Pharos)
In his keynote speech, “Why Web3 Newcomers Are Strategically Positioning in the Real-World Assets (RWA) Sector,” Wilguish Ng, Head of Ecosystem Partnerships at Pharos, elaborated on the value of introducing real-world assets (RWA) to the blockchain and Pharos’s ecosystem layout. As a high-performance public chain specializing in the real-world assets (RWA) sector, Pharos is committed to addressing pain points in traditional finance, such as long settlement cycles and opaque interest rates. Wilguish pointed out that RWA covers diverse assets including securities, equity, and real estate; their on-chain integration enables 24/7 real-time settlement, significantly enhancing liquidity. In the future, Pharos will focus on connecting traditional capital with digital assets, creating a comprehensive solution covering technical infrastructure and legal licensing.
Conclusion
From compliance frameworks to technical exploration, and from industry practices to ecosystem co-construction, this event provided valuable practical experience and forward-looking insights. In the future, with the improvement of regulatory systems and breakthroughs in technological innovation, real-world assets (RWA) are expected to unlock greater potential in fields such as real estate and supply chain finance, accelerating the efficient circulation and value reconstruction of global assets.
As an invited guest,Wang Lei, Partner at Mankun Law Firm, conducted an in-depth analysis of the key compliance elements for real-world assets (RWA) projects at the conference, proposing a “Four Core Conditions” assessment framework. Combining practical experience from cases handled by the firm, she shared common risks and response strategies ranging from underlying asset penetration to cross-border structure design.
As a professional legal service provider long dedicated to the Web3.0 field, Mankun Law Firm continues to closely monitor institutional evolution and application scenario innovations in directions such as real-world assets (RWA) and other “blockchain-transformed assets.” Currently, the Mankun team has formed a professional service system covering multiple specialized areas, including “blockchain finance” and “cross-border compliance,” providing full-process legal support such as structure design and compliance assessments for asset originators, technology providers, and platform operators.
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