Summary:
- Hong Kong-based conglomerate Fosun has tokenized $328 million worth of its Regulatory Risk-Weighted Assets (RWA) on the blockchain.
- This is the first time a major financial institution has tokenized its RWA, which are used to calculate the amount of capital a bank must hold to mitigate its risk.
- Tokenizing the RWA allows Fosun to potentially trade or securitize this asset, providing more flexibility and liquidity for the company's balance sheet.