The most important thing for me to do in Hong Kong this time is to understand the real reasonable and compliant implementation scenarios of RWA Rwa is one of the few in circuit tracks that receive significant funding from outside the industry to support FOMO So yesterday I also made an appointment with @ Lumenetwork to chat for a round The most reasonable underlying asset for RWA at present may be US Treasury bonds The significance of RWA conversion of US bonds lies in 1. Lower the buying threshold and buy directly with U; 2. Increase liquidity by tokenizing US Treasury bond buying vouchers to allow early trading of one's own equity; 3. Join the DeFi doll set to increase returns on the original basis of US Treasury bonds; At present, it still sounds meaningful and doesn't seem as shocking as other narratives But for external funds, it is a trustworthy mechanism The most interesting thing about the Rwa track is Essentially, it is doing traditional financial things under the banner of the cryptocurrency circle The Apollo fund should just be the beginning If they can establish a compliant pathway for the entry of fiat currency into Hong Kong So the southbound funds are estimated to be able to elevate this business to a very high level Indeed, retail investors do not need RWA But the cryptocurrency industry really needs it This industry may still be a game that seeks to acquire players And RWA is looking for a major player to enter the market So this time, I voted for Plume ondo $ip, the three projects that have the ability to find buyers, in the Binance voting for listing I'm not sure if the latter two really did it At least for now, Plume is really on the ground