Let's get down to business. I strongly recommend that those interested in RWA focus on compliant on chain brokers, as there should be great opportunities. Of course, the probability of compliant on chain brokers issuing coins is low, but there will be great opportunities for RWAFi based on on on on chain brokers. In human terms, for example, BlackRock has established an on chain brokerage system, which allows BlackRock to purchase US bonds through stablecoins. The confirmation of US bonds is likely to be done through "on chain bills", which can be settled and accepted off chain, and the possibility of NFTs cannot be ruled out. So DeFi based on this NFT form is very interesting, for example, it can further pledge US bonds to provide liquidity for purchased US bonds. The essence of this RWAFi does not require strong compliance, and there will be many gameplay, but the security will definitely be poor. However, because on chain brokers are likely to support KYC recovery, it is not necessarily a risk of loss or theft. But this form will definitely increase the difficulty of RWAFi, for example, I bought a 10-year US Treasury bond worth $1 million, then pledged another RWAFi platform, and then went to BlackRock to appeal. My notes were stolen, and based on my personal KYC, they can be recovered (offline is possible). The difficulty has increased. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex