Chinese property developers are finding that tokenization – the process of turning assets such as debt into blockchain-based digital tokens – is not the quick funding fix many hoped for, as weak balance sheets and regulatory uncertainty deter investors.
Chinese Developers Struggle To Use Tokenization as Funding Lifeline: Bloomberg
17 June 2026 - 09:57 CEST
By Sandmark staff
A Bloomberg report highlighted two cases. Kaisa Group, a Chinese real estate developer that completed a debt restructuring last year, raised only a modest amount through a recent tokenized securities offering after professional investor demand fell short. Meanwhile, Seazen Group, another Chinese property developer, has delayed its planned tokenized private debt issuance in Hong Kong due to regulatory concerns and uncertainty over real-world asset (RWA) tokenization rules in mainland China.
The setbacks reflect ongoing investor caution toward financially stressed developers despite global growth in tokenized assets.
