The core of RDA lies in leveraging technology to transform data into trustworthy and tradable assets. Its operational mechanism encompasses three stages: Asset Preparation, Asset Issuance, and Asset Trading. During the Asset Preparation stage, the Data Assets Shell (DAS) encapsulates operational data, revenue data, and other information from physical assets into standardized digital assets, embedding proof of ownership, trading protocols, and asset management models. Blockchain technology ensures data immutability, while a tripartite rights separation architecture and judicial deposit channels further guarantee data authenticity. In the Asset Issuance stage, data service providers and financial institutions complete asset onboarding and financial instrument issuance under regulatory review, enabling the data to meet "Gold Asset" requirements. During the Asset Trading stage, data assets achieve circulation through domestic and international capital markets, creating value for enterprises.
RDA supports multiple financing channels, providing enterprises with new funding sources:
Credit Financing: In collaboration with financial institutions, the Shanghai Data Exchange launched "Data Easy Loan," with a credit line exceeding RMB 100 million in 2024, offering low-cost financing support to enterprises.
Equity Financing: Using data assets as capital contribution in exchange for company equity, enabling capitalization operations.
Securitization: Through Data Asset ABS (Asset-Backed Securities), securities are issued backed by future cash flows, transforming data into equity value.
Global Fundraising: Connecting with overseas capital markets to attract foreign investment supporting the development of the domestic real economy.
RDA’s five key features highlight its unique value: First, integration of real and data assets, where data is deeply bound to physical assets, forming a new asset form; second, authenticity and transparency, with blockchain technology enabling trustworthy traceability throughout the asset lifecycle; third, credible收益, where smart contracts link to real operational收益, ensuring transparent distribution; fourth, value reconstruction, leveraging the low marginal cost and reusability of data combined with capital markets to amplify asset value; fifth, ecological synergy, integrating data markets and capital markets to build an open value ecosystem. These features make RDA a bridge connecting the real economy and financial capital, providing innovative financing pathways for enterprises.
