#代币资产发行与投资 Seeing the news that Keel is launching a $500 million investment plan, I am pondering a question: large inflows of capital into the tokenized asset sector often come with both opportunities and risks.

The participation of over 40 institutions indeed indicates the market's optimism about RWA, but it also reminds us to stay sober. Tokenized assets sound cutting-edge, but at their core, they are risk-weighted innovative financial products. My simple advice is—if you're interested in these emerging opportunities, first ask yourself three questions: Can you withstand the volatility of this asset class? Do you understand its underlying logic? What proportion of your overall asset allocation does this represent?

In the long run, the evolution of the Sky ecosystem from stablecoins to a capital allocation platform makes sense, but new things always need time for validation. It’s advisable to adopt a phased approach, using manageable amounts to observe and learn, rather than being dazzled by high financing figures. True stability has never been about chasing trends, but about orderly allocation based on understanding.