RDA: An Innovative Digital Financial Paradigm Integrating Real Data and Assets

In 2025, the Shanghai Data Exchange proposed the innovative concept of RDA (Real Data Assets), with its core being "real number fusion." RDA deeply binds credible data with physical assets through blockchain technology, forming standardized digital assets that can be verified, traded, and financed. This is an extension and deepening of the RWA (Real World Assets) concept, placing greater emphasis on the authenticity verification of data and its value-adding effects.

Core Features of RDA

1. Coupling data with physical assets: encapsulating the operational data of physical assets to enhance the credibility, transparency, and regulatory compliance of the assets.
2. Blockchain technology support: ensuring data authenticity, immutability, and traceability.
3. Stablecoin pegging mechanism: As the underlying asset of a stablecoin, it is usually pegged to a fiat currency to generate a stablecoin for a specific scenario.

Application Scenarios of RDA

Commodity Pricing

RDA generates a stablecoin pegged to the Renminbi by encapsulating bulk commodity trading data, supporting trade settlement and revenue sharing. This approach can reduce transaction costs, improve efficiency, and simultaneously promote the Renminbi's pricing power in the bulk commodity market.

Logistics and Cross-Border Trade

RDA integrates logistics data to generate stablecoins for cross-border payments and settlements. This not only improves efficiency and reduces costs but also promotes the internationalization of the RMB and enhances the global competitiveness of Chinese logistics companies.

Data Element Market

RDA promotes the standardization, productization, and financialization of data assets, driving the large-scale development of the data factor market, enabling enterprises to achieve value appreciation through data financing and trading.

RDA-anchored monetary system

The stablecoins supported by RDA are primarily anchored to the following currencies:

• Renminbi (CNY): Main trend, reflecting China's strategic layout in the global digital economy.
• US Dollar (USD): Adapts to the settlement needs of some international markets.
• Other currencies: Support for local currency exchange in specific regions, enabling multi-currency interoperability through cross-chain technology.

The anchoring mechanism is usually based on a 1:1 reserve model, and in some scenarios, the supply is dynamically adjusted through smart contracts to maintain stability.

Publisher of the RDA

The main issuers of RDA stablecoin include:

-Financial Institution

• Data Exchange
• Core enterprises in the industry chain
• Technology Providers

These issuers must comply with strict regulatory requirements to ensure the credit and stability of stablecoins.

Challenges and prospects of RDA

Challenge

1. Insufficient standardization of data assets
2. The technical threshold is high
3. High regulatory pressure

Prospects

1. Huge market size: The RWA market is expected to reach $30 trillion by 2035, while the stablecoin market is projected to reach $2.5 trillion by 2030.
2. Policy Support: The National Data Bureau of China promotes pilot projects for trustworthy data spaces, with RDA being driven by policy as a core paradigm.
3. Facilitate the internationalization of the RMB: The RDA stablecoin promotes the application of the RMB in cross-border trade and data factor markets.

Summary

RDA, as an innovative digital financial paradigm, binds data with physical assets through "real number integration," providing new underlying asset support for stablecoins. Despite facing some challenges, RDA shows great prospects under the drive of policy support and market demand, and is expected to become an important pillar of the global digital economy. In the future, the development of RDA will profoundly impact multiple fields such as commodity pricing, cross-border trade, and data markets, promoting the internationalization of the RMB.