China’s real estate sector, long troubled by a liquidity crunch and debt crises, is now witnessing a groundbreaking shift. Seazen Group Ltd, one of the country’s largest developers, has announced its plan to issue tokenized private debt before the end of the year. In parallel, the company will launch a real-world asset (RWA) platform and tokenize its chain of Wuyue Plaza shopping centers, marking a new chapter in the digital transformation of China’s property market.
Seazen is not just another real estate giant struggling to survive. Unlike several rivals who defaulted during China’s prolonged property crisis, Seazen has managed to remain solvent and is now taking a forward-looking step into blockchain-based finance. According to the company’s chairman, Wang Xiaosong, Seazen has built up significant capital reserves over 32 years and carried out preliminary research in real-world asset applications. This preparation positions the group as the first major Chinese developer to openly embrace asset tokenization.
The company’s upcoming tokenized private debt issuance is designed to make capital markets more accessible. By converting traditional bonds into blockchain-based digital tokens, Seazen aims to cut issuance costs and reach a wider pool of investors who might otherwise be excluded from conventional debt instruments. Seazen executives, including Wang Yifeng of Seazen Digital Assets Institute, have confirmed that talks with investors are already underway, with the first launch expected before the year ends.
Seazen is not stopping at financial products. Its strategy also includes the tokenization of Wuyue Plaza shopping centers, a core part of its business portfolio. Alongside tokenized debt, the group plans to issue NFTs tied to its retail brand, blending real estate with blockchain-powered digital ownership. To support these initiatives, the company is developing an in-house RWA trading platform, which will give it a competitive edge in a market where global demand for tokenized assets is surging.
The rise of tokenized assets is more than a passing trend—it’s an emerging financial revolution. Data from Token Terminal shows that the RWA market already exceeds $270 billion in assets under management. Global players are moving fast: Tether has launched Hadron, a platform for tokenization, while CME Group and Google Cloud are testing RWA solutions. In Dubai, entire real estate projects are already being tokenized, offering fractional ownership opportunities to global investors.
For China, Seazen’s move signals a paradigm shift in real estate financing. The company’s ability to stay liquid while others collapsed shows it has the resilience and resources to experiment with new technologies. By adopting RWA tokenization and NFT integration, Seazen is aligning itself with Hong Kong’s pro-innovation policies and potentially setting a precedent for other developers who may follow suit.
Conclusion
The entry of Seazen Group into RWA and debt tokenization is not just about survival—it’s about redefining how capital flows in one of the world’s largest real estate markets. As global institutions accelerate the adoption of blockchain-based finance, Seazen’s strategy could transform investor access, reduce costs, and reshape the perception of China’s property sector. In many ways, this may mark the beginning of a new digital era for real estate finance.
