ResearchIndustry2026-10-31
Bonded digital warehouse receipts gain cross-chain recognition; pledge funding cut from T+3 to T+0
With cross-chain recognition on the Zhongzheng platform, banks can re-verify receipts and skip paper title confirmation; pushing the title fingerprint upstream cuts pledge funding to T+0, and a 5kt bonded natural-rubber receipt worth about 963 million CNY lifts turnover from 9x to above 10x.
