RDA: An Innovative Paradigm Merging Real Data and Assets

RDA (Real Data Assets) is an innovative digital asset concept proposed by a data exchange in Shanghai in 2025. Its core idea of "real number integration" aims to deeply combine trusted data with physical assets through blockchain technology, creating standardized digital assets that can be certified, traded, and financed. RDA is viewed as an advanced version of RWA (Real World Assets), focusing not only on the digitization of physical assets but also emphasizing the verification of data authenticity and value enhancement, generating stablecoins for specific scenarios.

Main Features of RDA

1. Close integration of data and physical assets: RDA enhances the creditworthiness, transparency, and regulatory compliance of assets by integrating operational data of physical assets (such as steel trading or logistics information).

2. Blockchain Technology Support: Utilizing blockchain to ensure the authenticity, immutability, and traceability of data, providing technical assurance for data rights confirmation, transactions, and financing.

3. Stablecoin Anchor Mechanism: RDA serves as the underlying asset for stablecoins, typically pegged to fiat currencies (such as the Renminbi), generating stablecoins for specific scenarios, such as steel trade stablecoins or logistics stablecoins.

Application Areas of RDA

RDA combines data assets with stablecoins to provide innovative financial tools for the real economy, demonstrating significant potential in various fields:

Commodity Pricing

RDA generates a stablecoin pegged to the Renminbi by encapsulating commodity trading data, supporting trade settlement and revenue sharing. A certain bank issues a steel stablecoin based on steel trading data through RDA, allowing buyers to use it to pay for goods, while smart contracts automatically distribute the funds to steel traders, logistics providers, and exchanges. Compared to traditional dollar settlements, transaction fees are significantly reduced, and annual profits are expected to be considerable. This model helps enhance the pricing power of the Renminbi in the commodity market and reduces dependence on dollar settlements.

logistics and cross-border trade

RDA integrates logistics data (such as logistics information from the Yangtze River Delta) to generate stablecoins for cross-border payments and settlements, improving efficiency and reducing costs. Based on the logistics data from the Yangtze River Delta, RDA issues logistics stablecoins that enable Southeast Asian shippers to directly pay Chinese logistics companies with local currency after exchange, realizing real-time settlement through smart contracts, thus eliminating the need for dollar conversion. This not only reduces cross-border payment costs but also promotes the internationalization of the Renminbi, enhancing the global competitiveness of Chinese logistics companies.

Data Element Market

RDA utilizes blockchain technology to achieve the standardization, productization, and financialization of data assets, facilitating the linkage between data and capital markets. A certain data exchange plans to launch 5,000 tradable data products by 2025, and the scale of some enterprises' data assets is expected to exceed 500 million yuan. The development of RDA has promoted the large-scale development of the data factor market, enabling enterprises to realize value appreciation through data financing and trading.

RDA Pegged Currency System

The stablecoins supported by RDA are usually pegged to fiat currencies to ensure value stability. Currently, they mainly peg to the following currencies:

• Renminbi (CNY): Most RDA stablecoins are pegged to the Renminbi, aiming to promote the internationalization of the Renminbi, especially in the fields of commodities and cross-border trade.
• US Dollar (USD): Some RDA stablecoins may be pegged to the US dollar to meet international market settlement needs, but the RMB peg remains the main trend.
• Other currencies: In specific regions (such as Southeast Asia), RDA stablecoins may support local currency exchanges, achieving multi-currency interoperability through cross-chain technology, but still centered around the Renminbi.

The anchoring mechanism is usually based on a 1:1 reserve model, where the issuing institution must hold an equivalent amount of fiat currency or assets as collateral, and in certain scenarios, dynamically adjusts the supply through smart contracts to maintain stability.

Issuer of RDA

The issuers of RDA stablecoins typically include financial institutions, data exchanges, or core enterprises in the industry chain, which collaborate with relevant platforms, specifically including:

• Financial institutions: For example, a bank issues a steel stablecoin based on steel trading data RDA, responsible for reserve management and compliance auditing.
• Data Exchange: As the proposer and operational platform of the RDA concept, it coordinates the confirmation of data asset rights, standardization, and trading, and collaborates with enterprises to issue scenario-based stablecoins.
• Industry chain enterprises: For example, logistics companies encapsulate RDA based on their own operational data, issue logistics stablecoins, and optimize supply chain finance.
• Technology Provider: Blockchain technology companies provide underlying technical support to ensure the data authenticity and transaction security of RDA.

Issuers must comply with strict regulatory requirements, including reserve transparency, data authenticity audits, and anti-money laundering (AML) compliance, to ensure the credit and stability of stablecoins.

Challenges and Development Prospects of RDA

Challenge

1. Insufficient standardization of data assets: RDA lacks a unified pricing system and legal certainty framework, leading to significant fluctuations in data value, which affects the credit of stablecoins.
2. High technical barriers: RDA needs to solve the problems of data islands and privacy computing, relying on third-party audits to verify data authenticity, and the technical complexity is high.
3. Regulatory pressure is high: Global regulation of stablecoins is tightening, with some regions requiring licensed operations and adequate reserves, while the regulatory framework for RMB stablecoins in mainland China is still being improved.

Development prospects

1. Significant market size: As a derivative market of RWA, RDA is expected to grow alongside data services and trading volumes. By 2035, the RWA market size could reach $30 trillion, while the stablecoin market is projected to reach $2.5 trillion by 2030, with a compound annual growth rate exceeding 80%.
2. Strong policy support: The National Bureau of Statistics is promoting pilot projects for trusted data spaces, with RDA as a core paradigm driven by policy. A certain data exchange plans to have 5,000 data products listed by 2025.
3. Supporting the Internationalization of the Renminbi: The RDA stablecoin promotes the application of the Renminbi in cross-border trade and data factor markets. Experts suggest conducting pilot projects in certain regions to optimize the payment efficiency of the digital Renminbi.

Summary

RDA binds data to physical assets through "real number fusion," providing innovative underlying asset support for stablecoins. Its applications in commodities, logistics, cross-border trade, and data factor markets demonstrate the potential to promote the internationalization of the RMB, enhance China's pricing power, and marketize data. Despite facing challenges in standardization, technology, and regulation, RDA has a broad outlook driven by policy support and market demand, and is expected to become an important pillar of the global digital economy. It is recommended to pay attention to the latest developments of relevant data exchanges, as well as the dynamics of related policies and industry chain enterprises, to seize the development opportunities of RDA stablecoins.