#RWA热潮 It leverages blockchain technology to tokenize physical assets such as real estate and bonds. In the context of the global transformation of financial infrastructure, RWA can enhance asset liquidity, lower investment thresholds, and allow ordinary people to participate in the distribution of urban public asset revenues. Ant Group, Longxin Group, and others have completed RWA financing for charging piles, and Greenland Jin Chuang has also applied for a virtual asset trading license to layout real estate RWA. However, RWA faces regulatory and technical challenges, with no consensus reached on global cross-border regulation, and multi-chain interoperability still needs to be addressed.