Reprinted: Oliver, Mars Finance
In 2025, the Web3 community will not lack 'trending topics'. Following DeFi, NFTs, the metaverse, and memes, RWA has suddenly become a top trend—everywhere you see slogans like 'asset on-chain reconstructs the financial system' and 'trillion-dollar market new blue ocean', various RWA industry associations, summits, alliances, and forums proliferate like cancer cells, outnumbering genuine RWA projects by dozens of times. Even the old man selling pancakes at the village entrance has heard that 'putting houses on-chain can sell globally', but sorry, today we must pour a bucket of cold water: when you shout 'RWA assets on-chain', you might not even know what you are talking about.