What exactly are we talking about when we discuss RWA assets on-chain?
Written by: Shao Jiadian, Liu Honglin; Mankun
In the Web3 community of 2025, what it lacks the least is 'windfalls'. Following DeFi, NFTs, the metaverse, and memes, RWA has suddenly become the top trend—slogans like 'asset on-chain reconstructing the financial system' and 'trillion-dollar market new blue ocean' abound, various RWA industry associations, summits, alliances, and forums are proliferating like cancer cells, far outnumbering real RWA projects. 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 basin of cold water: when you’re shouting 'RWA asset on-chain', you might not even understand what you’re talking about.