Wall Street is entering the RWA space, and that's a fact. BlackRock has launched BUIDL, Franklin is issuing funds on-chain. Trillions of dollars are really knocking on the door.

But there's an awkward problem: Are the RWA projects you're investing in really safe?

It seems many projects are quite good at boasting. Their official websites look shiny and impressive, whitepapers are written in elaborate language. But once you dig into the underlying logic, you'll find it's all manual—meaning everything is operated by hand.

Ask who verifies that the property titles are genuine? The project team says so themselves. Ask who confirms that there are assets in the vault? The auditing firm hired by the project. Where is the audit report stored? In the project team's Google Drive.

Where is this decentralization? It's just taking the Web2 black-box operations and wrapping them in a Web3 shell.

The most painful part is that the entire RWA track now looks like this—full of PS screenshots, expired certificates, tampered documents. But because there’s no real-time verification mechanism, these fake certificates exist openly and shamelessly.

What does real change require? A verification system that doesn’t rely on manual work and operates 24/7 in real time. Traditional audits happen only once a year and can only verify past events. But what if verification could happen every second? As long as off-chain documents are updated, on-chain status is immediately synchronized. Attempt to misappropriate funds? There’s simply no chance.

And privacy is another concern. Institutional-level fund management, many data points cannot be openly shared. But you need to prove "I do have this money" without exposing the statements. That’s where zero-knowledge proofs come in—they can prove the existence of assets without revealing specific details.

This is why some institutions are paying attention to projects that dare to introduce AI-based verification and truly decentralized auditing mechanisms. Because trust has become the only hard currency in this track. Can your system achieve genuine transparency? Can you delegate verification authority?

If the RWA projects you're investing in still rely on the most basic data verification—manual audits, centralized storage, manual bookkeeping—then you might want to reconsider whether to continue holding.

The true RWA revolution will ultimately belong to those projects that dare to embrace technological verification and open data to accept AI-based real-time audits. This is not just a technological upgrade; it’s a complete rewriting of the trust model.