China tightens rules on offshore tokenized securities backed by domestic assets
China now requires firms to file offshore tokenized asset offerings with regulators. These rules aim to curb speculation and manage financial stability risks.
Insights:
The China Securities Regulatory Commission (CSRC) issued a guideline on February 6, 2026, tightening oversight of the issuance of tokenised asset-backed securities (ABS) based on onshore assets in CN 
CN that are offered in overseas markets. The new regulation takes effect immediately and represents a significant policy adjustment aimed at managing a nascent cross-border funding channel for onshore assets. By implementing these measures, the regulator seeks to limit speculation and mitigate potential cross-border financial-stability risks associated with real-world-asset tokenisation.
CN that are offered in overseas markets. The new regulation takes effect immediately and represents a significant policy adjustment aimed at managing a nascent cross-border funding channel for onshore assets. By implementing these measures, the regulator seeks to limit speculation and mitigate potential cross-border financial-stability risks associated with real-world-asset tokenisation.
