On December 5, 2025, Beijing DHH Law Firm officially unveiled the RWA Legal White Paper — RWA Opportunities: The Future of Technology, Law, and Regulation at the Digital Asset Business and Compliance Frontier Forum (RWA Special Session) held in Hong Kong. From a professional legal and compliance perspective, this white paper comprehensively outlines the global development trajectory, technological implementation pathways, and regulatory frameworks of RWA (Real World Assets Tokenization). It also places particular emphasis on exploring strategic opportunities in Mainland China and Hong Kong, aiming to provide crucial theoretical support and practical pathway references for the new wave of financial technology revolution.

The white paper was authored by Tian Xiaowan, Equity Partner at Beijing DHH Law Firm. Tian Xiaowan has provided in-depth services to multiple domestic asset RWA projects, virtual currency payment companies, GameFi firms, exchanges, and DAOs , covering areas such as Web3 company financing, token issuance, and judicial handling of virtual currencies. Drawing from practical operational insights and combining publicly available laws, regulations, supervisory documents, and industry reports, the white paper strives to offer a rigorous legal compliance and prudent regulatory interpretation to guide the development of RWA.