According to Bijie.com and ME, on October 28 (UTC+8), Shenzhen Second Residence Online Information Technology Co., Ltd., while promoting its digital custody business for properties like sea view apartments and resort hotels on a WeChat mini-program, was also actively recruiting real estate asset management (RWA) partners, claiming that "investing 3,000 yuan offers the chance to become a millionaire." Founder Fan Jia claimed that the core of their business is to absorb idle domestic real estate, upgrade it into high-value-added "digital assets," and then sell it in shares based on the annual usage of property rights and income rights. This involves "share-based" domestic operations and "tokenization" internationally. Once digital assets reach scale, corresponding tokens are issued overseas using these assets as underlying assets, attracting international investors to help domestic project owners monetize their assets. Yao Yang, a professor at the Dishui Lake Advanced School of Finance at Shanghai University of Finance and Economics, noted that currently, RWAs are either sparsely traded (as in the Hong Kong market) or are rife with scams. Relevant departments have warned companies against entering the market rashly.