For over a decade, foreign investors have watched China’s electric-vehicle boom from a distance, locked out by capital controls and strict regulatory barriers. A new advisory agreement between RWA Global Inc and Golden Dolphin Trading L.L.C. aims to change that by tokenizing approximately $300 million in real-world assets tied to China’s new-energy mobility infrastructure.
RWA Global Inc, a real-world asset tokenization consultancy based in the British Virgin Islands and the UAE, has signed a formal advisory engagement with Golden Dolphin Trading, a UAE-registered company that owns new-energy mobility assets in mainland China. The plan involves wrapping economic rights to assets such as EV charging stations into regulated digital securities that can be offered to global investors while staying within China’s compliance framework.
The key enabler is a regulatory shift that occurred on February 6, 2026, when the People’s Bank of China, the CSRC, and six other agencies issued a notice (Yin Fa [2026] No. 42) and accompanying CSRC guidelines. While the document tightens rules on onshore tokenization and renminbi stablecoins, it also introduces for the first time a filing-based route for issuing tokens offshore that are backed by onshore Chinese assets, provided the issuer obtains prior CSRC approval. It is not an open door, but it is a real opening.
The assets under consideration are substantial. China sold roughly 16.5 million new-energy vehicles in 2025, more than half of all new car sales in the country. The charging network has expanded to over 19 million points, and the domestic charging market is valued north of $25 billion. These physical, cash-generating assets are ideally suited for tokenization, which can broaden the investor base, reduce fundraising friction, and add liquidity to traditionally illiquid holdings.
The global market for real-world asset tokenization is growing rapidly. Excluding stablecoins, tokenized real-world assets reached an estimated $24–30 billion on-chain by the end of 2025, more than tripling year-over-year. Including stablecoins, the broader figure surpassed $300 billion, according to CoinGecko’s 2026 report. Major financial institutions like BlackRock and Franklin Templeton are already active in the space.
RWA Global Inc CEO Kevin Yunai stated: “China’s new-energy economy is among the most dynamic in the world, yet global investors have had few compliant ways to participate in it directly. This engagement is a first step toward a transparent, regulated bridge between international capital and Chinese real-world assets.” Donna Tang of Esquare Legal described the deal as “an early step toward a compliant offshore bridge between China’s industrial value and global capital,” offering a cleaner path for outside exposure to the country’s clean-energy push.
Whether the model scales depends on how the CSRC handles filings in practice. Initial deals under any new regime tend to move slowly. But if successful, the template — onshore assets, offshore tokens, regulator in the loop — could extend far beyond a single $300 million deal.
Disclaimer: This article is for informational purposes only and does not constitute an offer or solicitation to buy any security, token, or financial instrument. The advisory engagement described is indicative and subject to client decisions, qualified counsel, and regulatory approval. Market figures are from third-party sources and have not been independently verified.
