Hong Kong Securities and Futures Commission issues warning: "Sheng" Sauce Fragrant Original Brew Liquor RWA Token Under Suspicion, Investors Should Be Cautious

2025-12-24 13:22:11

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【Chain Wen】The Hong Kong Securities and Futures Commission recently listed a product called “Sheng” Sauce Fragrant Original Liquor (VSFOLT) and the related “Sheng·Sauce Fragrant Original Liquor” RWA tokens on the suspicious investment products list. These products claim to be backed by real white liquor raw material assets and also state an association with a certain Hong Kong-listed company, attracting investors to participate and promising to share profits upon maturity.

Such investment products claiming physical assets and equity have been quite common in recent years. The SFC’s stance is very clear — investors need to stay alert and not follow the trend blindly. These products are often packaged very elaborately, but the risks can sometimes be hidden deep. The concept of RWA (tokenization of physical assets) itself is not problematic, but the key points are who is operating it, how the assets are stored, and whether the profit promises are genuine and reliable. Without clarifying these details, it’s easy to fall into traps.

RWA0.45%

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rekt_but_resilient

· 18h ago

Another rug pull disguised as white liquor, this trick is so common now haha --- Hong Kong stock related, asset tokenization... these words sound so fancy, but when it comes to actually investing, they reveal their true nature --- The RWA concept is fine, the problem is whether these people are really doing something or just trying to make a quick buck and run --- I just want to know who that "Hong Kong listed company" is. Do they dare to say it openly? Too suspicious --- These days, even alcohol is being tokenized. I really can't hold it together anymore --- Jumping in without understanding the details, no wonder you're trapped. The CSRC's warning this time probably saved a lot of people --- Victory Jiangxiang Yuanjiang... the name itself sounds quite magical, you can tell something's off right away --- The higher the promised returns, the more cautious you should be. That's a painful lesson --- It's always about so-called physical asset backing. Every time they say that, but what’s the result? Not a single one is reliable --- Who is operating this thing? That’s the real core issue. Does no one ask?

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rug_connoisseur

· 18h ago

Another scam under the guise of RWA, it's really one after another.

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CryptoPunster

· 18h ago

Ha, another perfect combination of "sauce aroma + RWA + Hong Kong stocks." I give this setup a full score. Really, I'm tired of hearing about Baijiu tokenization. Is the next thing a Moutai NFT blind box? That's hilarious. The Hong Kong and Macau Securities and Futures Commission has finally spoken. Investors should wake up and stop just thinking about getting rich quick.

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FlatTax

· 18h ago

Another RWA scam that cuts leeks, related to Hong Kong stocks? I think it's more like "related story fabrication" --- This thing is obviously a routine, talking about listed companies in Hong Kong stocks, sharing profits, all talk and no substance --- They really treat us as fools, RWA itself is fine but once in these people's hands, it's all traps --- I've heard about this coin in the community for a long time, and sure enough, there was a warning. Everyone needs to wake up --- "Victory" Jiangxiang Original Liquor, just the name sounds like a pyramid scheme, hilarious --- The key issue is the complete black box operation of asset custody, who the hell would believe that --- It's both physical assets and Hong Kong stock companies, this kind of rhetoric has been used hundreds of times --- The Hong Kong Securities and Futures Commission has taken action, and you're still trusting? Just delete the group, everyone --- The RWA concept is good but it’s been ruined by these people, really destroying a concept --- Promises of returns are just words to listen to, anyone who truly believes will get cut

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DYORMaster

· 18h ago

Another "principal protection yield" dream again, backed by Hong Kong-listed companies, with white wine assets benchmarked... I'm tired of this kind of rhetoric, but it still crashes and burns. --- The concept of RWA is correct, but what kind of operation is behind this "victory"? Who is overseeing this wine? That’s the real key. --- Really, every time it’s beautifully packaged, with tempting promises, and then it ends in chaos. Wake up, everyone. --- Are there any connections with Hong Kong-listed companies? What’s the key issue—what kind of connection method? Do the companies acknowledge it themselves? --- Regarding risks, the CSRC has stepped in, indicating the problem is significant. We need to clarify these details first. --- Honestly, I haven't touched this kind of wine RWA for a long time; there are too many tricks.

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LongTermDreamer

· 18h ago

Another RWA shell project, I've seen plenty of these in the past three years. They claim to be backed by Hong Kong-listed companies, but a quick check reveals it's all just air. --- I really laughed at the white wine token. Who wants to speculate on this stuff? It’s obviously just a way to cut the leeks. --- Comrades, wake up. No matter how fancy the packaging, the underlying logic hasn't changed. It's just the old "physical assets" trick in a new bottle. They’ve been fooling people like this three years ago, and they’re still doing it today. --- The key is who is operating this thing and where the assets are stored. You must ask clearly; otherwise, you deserve to lose money. --- RWA itself isn't necessarily a bad thing, but once it’s associated with these people, it all turns sour. To put it plainly, they just want to take the coins in your pocket. --- Hong Kong-listed companies dare to slap their face on this—such guts! Are they not afraid of being named by the CSRC? --- The most painful part is the profit promise. Guarantee double returns in three years? Come on, that’s just talk. There’s no such good thing. --- I’m thinking, if real gold and pure white wine are just sitting there, why do you have to play with tokens? Isn’t that just inviting trouble for yourself?

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