According to Caijing magazine, the Hong Kong Securities and Futures Commission has approved two real estate RWA tokenization products by Delin Holdings, involving Delin Securities' distribution of RWA tokens and Delin Digital Home Office's tokenized issuance of fund interests. The targets include a limited partnership fund holding Delin Tower in Central Hong Kong and a private equity fund. This project is the first approved real estate RWA case in Hong Kong, demonstrating that a compliant path for tokenizing physical assets under a licensed regulatory framework has made substantial progress.