The Project

About RWA Radar

Building the trusted, sourced and structured reference for tokenized real-world assets in Hong Kong and across Asia.

When Hong Kong issued its first digital green bond in February 2023 — a government-backed, blockchain-settled HK$800 million instrument under the HKGB Programme — there was no single place where a researcher could find the bond's ISIN, its settlement rail, its coupon, and a link to the authoritative government source, all in one structured record. Information was scattered across HKMA press releases, SFC circulars, issuer investor relations pages and financial news archives. Finding it required hours of document hunting. Citing it reliably was even harder.

That gap is what RWA Radar is built to close. Hong Kong has positioned itself as one of the world's leading laboratories for tokenized real-world assets — from government digital bonds to regulated tokenized money market funds from Franklin Templeton and ChinaAMC — and that market deserves the kind of structured, sourced, citeable reference that practitioners in traditional capital markets take for granted. We are building that reference: a Bloomberg-grade data layer for an asset class that currently has none.

Our approach is deliberately narrow. We do not forecast, advise, or trade. We compile, structure and publish — drawing only from primary public sources: government portals, regulatory filings, issuer prospectuses, and standards bodies. Every field on every Asset Card traces back to a named document with a URL. Where we cannot confirm a detail, we show a dash rather than a guess. Credibility, once lost by a single fabricated figure, is extremely difficult to recover in institutional research contexts.

The thesis is straightforward: the tokenized asset market in Hong Kong and Asia will grow. Institutional investors, family offices, research analysts and regulators will need reliable, machine-readable data to make sense of it. Building that data layer now — while the market is early and the sourcing is still tractable — positions RWA Radar as the canonical reference for years to come. We are starting with Hong Kong because it is the most active and the most transparent. Singapore and the broader Asia-Pacific market follow naturally.

What We Stand For

Sourced

Every data point links to the primary document it came from. We cite government portals, regulatory filings and issuer prospectuses — not press summaries or unattributed estimates. You can verify anything we publish in under a minute.

Structured

Each issuance is expressed in a consistent schema — Issuer, Asset Type, Size, Currencies, Coupon, Maturity, Settlement Rail, Status and more. Consistency makes comparison possible. Without structure, a database is just an archive.

Hong Kong–first

We started where the regulatory clarity is highest and the issuance volume is most traceable. Hong Kong's HKMA and SFC framework gives us a sourcing perimeter that is specific enough to execute well. Singapore follows; the broader Asia-Pacific market is on the roadmap.

Get in Touch

RWA Radar is an independent project. We welcome corrections, tip-offs about new issuances, and institutional data partnerships.

hi@rwaradar.org

Hong Kong · Singapore

For a detailed explanation of how we compile and verify data, see our Methodology page.