#美SEC促进加密资产创新监管框架 There's a signal worth paying attention to lately: if that key bill passes early next year, the development of on-chain finance could open up an entirely new landscape. Especially in the RWA sector, we might really be approaching a turning point.

Looking at the data, tokenized securities currently make up only 0.001% of the traditional stock market, which means the growth potential is almost unlimited. The key advantages are mainly reflected in three aspects:

First is transparency. In traditional markets, shareholder information is often vague, but on-chain you can check holdings in real time, which is especially important for institutional investors. Second is settlement speed, jumping from the current T+1 directly to nearly T+0, which will significantly reduce systemic risk. Lastly, the entire clearing system will be more efficient, counterparty risk will be eliminated, and institutions like investment banks can save a lot on costs and risk management efforts.

What’s really interesting are the opportunities across the industry chain. Once policy barriers are broken through, from the underlying infrastructure (compliant L1/L2, on-chain identity verification), to the middle layer (asset registration and clearing), and up to the application layer (vertical platforms), the entire ecosystem could be revalued. Right now, these areas are still undervalued, so it might be the perfect time for in-depth observation and research.