Shenzhen Economic Investigation: Beware of RWA real estate tokenization scams, related financing within the country is considered illegal financial activity

According to the Shenzhen Economic Investigation Bureau, recent investors have suffered financial losses due to participating in investment scams under the guise of "RWA real estate tokenization." These scams typically use technical packaging such as "smart contract automatic dividends" and "blockchain browser verifiable" to lure investors into purchasing fictitious on-chain fragmented property rights. Once the funds are in place, they stop paying dividends and disappear.

The Shenzhen Economic Investigation Bureau pointed out that the smart contract address and company registration information can only confirm the existence of the code and the business entity, and do not represent a real binding of underlying physical assets, nor do they indicate that the project has financial business qualifications. According to current regulatory regulations in China, any tokenized financing activities carried out domestically under the name of RWA are considered illegal financial activities. Virtual currencies do not have legal tender status, and related token issuance, financing, and trading speculation are not protected by law.