#RWA热潮 Real asset tokenization, simply put, is putting houses, bonds, and company equity onto the blockchain. It sounds like the future of finance, but in reality, it’s just traditional assets dressed in a blockchain jacket. Traditional finance has always been heavy with bureaucracy; can these on-chain assets really circulate freely? It might just turn into 'on-chain approval + smart management.' What about regulation? As long as you don't obediently comply, you could be made to 'zero out off-chain' in no time. In short, it looks lively, but playing with it requires enough compliance.