According to PANews, a new report titled 'RWA Industry Development Research Report: Industry Chapter 2025' was released today in Hong Kong. The report systematically outlines the standards and framework for selecting RWA (Real World Asset) assets. As the trend of RWA tokenization rapidly develops, the market has been buzzing with the notion that 'everything can be RWA.' However, the report argues that not all assets are suitable for RWA tokenization, labeling the idea as a misconception. It emphasizes that assets capable of achieving large-scale implementation must meet three critical criteria: value stability, clear legal ownership, and verifiable off-chain data.