RWA: The Rise of Real Assets
This article explores the trend and development prospects of tokenizing real-world assets (such as real estate, bonds, stocks, etc.) through blockchain technology and integrating them into the decentralized finance (DeFi) ecosystem. The article introduces the historical evolution of RWAs, the main tracks, and the regulatory challenges they face, pointing out the application potential in the securities, real estate, lending, and stablecoin markets, as well as the possible investment risks.