In his speech on Project Crypto, Paul Aktins, Chairman of the SEC, equated the blockchain of the U.S. financial infrastructure with the 1792 wutong tree agreement on Wall Street and the electronic disk trading system in the 1960s, and regarded it as a historic event for the United States to lead the world's financial market innovation as a city on the mountain Simply put, in the financial system of the world empire of the United States, the US dollar, US bonds, US stocks, and other financial derivatives must all be put on the chain. There is no barrier between these real-world assets and their corresponding on chain mapped assets, and they are classified as completely equivalent in financial law. Asset issuance and trading will be carried out under the same clear and explicit regulatory framework At this point in time, it has become a consensus among institutions to rush for the complete integration of Tradfi and Crypto. However, based on differences in resources, endowments, and judgments about future financial business models, everyone has chosen to invest in two directions One direction is the pricing power of RobinHood and GTE, which compete with exchanges for global assets using high-performance public chains and full chain CLOBs as the underlying technology; Another direction is Plume, which competes with exchanges for the issuance rights of high-quality global assets through a friendly, compliant, transparent, and trustworthy asset tokenization framework. As far as Plume is concerned, in the political and commercial resources BD (attending President Trump's dinner, writing in US government documents Galaxy Ventures、Morpho、OKX Ventures、Anchorage Digital、Centrifuge、 http://RWA.xyz There is indeed a set of developer resource integration in collaboration with the Token Asset Alliance, but due to the performance bottleneck of the Cosmos SDK architecture App Chain in the underlying infrastructure, Plume's choice of direction two is a wise move.