#RWA热潮 is putting houses, bonds, and company equity on the blockchain, which sounds like the future of finance, but in reality, it feels like traditional assets have been dressed in a blockchain vest. Traditional finance has always been heavily bureaucratic, can these on-chain assets really circulate freely? It might just turn into 'on-chain approval + smart control'. What about regulation? As long as you don't obediently comply, you could be brought to 'off-chain zero' in no time. In summary, it looks lively, but playing with it requires enough compliance.