China’s securities regulator is quietly urging domestic brokerages to halt their real-world asset (RWA) tokenization operations in Hong Kong, raising red flags over the fast-growing digital assets sector being cultivated offshore. Key Takeaways: China’s CSRC has urged local brokerages to pause RWA tokenization efforts in Hong Kong due to rising regulatory concerns. Hong Kong continues to position itself as a digital asset hub, attracting dozens of firms amid a booming tokenization trend. High-profile ...