TLDR:
- Futian issues the first public blockchain RWA digital bond worth 500 million yuan on Ethereum.
- The bond carries a two-year term and a face interest rate of 2.62%.
- The issuance broadens financing channels and leverages Hong Kong’s favorable financial policies.
- This milestone highlights China’s exploration of blockchain in real-world asset financing.
Futian Investment Holding has issued the world’s first real-world asset (RWA) public offering digital bond on Ethereum. The Shenzhen state-owned firm launched offshore renminbi (RMB) bonds in Hong Kong worth 500 million yuan ($69 million).
The bonds carry a two-year term and a face interest rate of 2.62%. This move signals both China’s and Hong Kong’s growing interest in blockchain-based asset financing.
Futian’s Ethereum-Based Digital Bond
On August 29, 2025, Futian Investment Holding, rated “A-” by Fitch, completed the issuance of FTID TOKEN 001. The digital bond, also referred to as “Fubi” in Chinese, was structured as a tokenized RWA instrument.
The issuance marks the first global example of a state-owned enterprise issuing a public digital bond directly on Ethereum. Besides expanding capital access, the company utilized Hong Kong’s regulatory openness toward financial innovation.
The offshore bond, equivalent to $69 million, allows international investors exposure to China’s financing market via blockchain rails. Consequently, this demonstrates the use of tokenization for more transparent and efficient capital markets.
Market Context and Implications
Since its first offshore bond in 2024, Futian has focused on aligning financing with international blockchain adoption trends. Moreover, the company aims to optimize its capital structure by broadening funding avenues.
Real-world assets (RWA) refer to tokenized versions of traditional instruments such as bonds, real estate, or commodities. The Ethereum public chain enables issuance and settlement in a decentralized manner, increasing efficiency.
For bullish observers, the issuance highlights how blockchain can integrate with traditional finance. However, cautious analysts argue that digital bonds face liquidity risks and regulatory scrutiny.
Additionally, the effort reflects Hong Kong’s ambition to strengthen its role as a digital finance hub. Hence, this issuance could encourage more state-linked entities to explore blockchain financing.
The post China’s Futian Investment Issues First Ethereum RWA Bond Worth $69M appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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