#RWA实物资产代币化 RWA is really starting to get interesting now, finally no longer just talk. The two paths—DTCC tokenized rights versus direct ownership—are essentially asking a question: do you want an upgraded version of the existing system or a complete overhaul?

Honestly, the DTCC approach is just optimizing pipelines for institutions, speeding up processes and reducing costs, but the underlying logic hasn't changed—you still have to trust intermediaries and lack self-custody rights. But the direct ownership model is different; stocks are directly on-chain, truly enter your wallet, can be used as collateral, and combined with DeFi. This is the way on-chain assets should work.

The craziest part is that Galaxy Digital's shareholders are already using Superstate for this, and Securitize will join next year. This isn't just a concept; it's happening in real life. Let's see who will first reap the benefits of direct ownership. Off-chain value still relies on equity, but on-chain value? That will be the domain of tokens. The big revolution has just begun, and choice is the most important. 🚀