#RWA热潮 RWA (Real World Assets) has become a new trend in the cryptocurrency industry. As DeFi matures, the market is beginning to focus on how to bring real-world assets such as real estate, bonds, and notes onto the blockchain through tokenization, achieving the integration of off-chain assets with on-chain finance. This not only brings higher transparency and efficiency to traditional finance but also injects stability and liquidity into the blockchain ecosystem. The tokenization of assets like U.S. Treasuries and mortgage-backed securities (MBS) is gradually taking shape, attracting institutions including BlackRock and Citigroup. The development of RWA is expected to promote the deep integration of traditional finance and crypto finance, becoming an important engine for the next bull market.