Hong Kong SFC lists "Sheng • Sauce-flavored Original Liquor RWA Token" as a suspicious investment product

According to TechFlow, on December 24, the Hong Kong Securities and Futures Commission announced today that “Sheng Jiangxiang Original Liquor (VSFOLT)” and “Sheng • Jiangxiang Original Liquor” RWA tokens have been listed as suspicious investment products. It is reported that these products claim to represent certain baijiu original liquor physical assets as well as shares of a Hong Kong-listed company, and investors can also share profits upon product maturity. The Hong Kong SFC reminds investors to exercise extreme caution, as they may suffer significant or even total losses in such investments.