#数字资产市场洞察 I have to speak the truth: the financial circle is about to change, and this timing may be much faster than the market expects.

$ETH $RWA

The recent actions of traditional financial giants are really making people uneasy. Asset management heavyweights like BlackRock and Franklin Templeton have started issuing on-chain government bond funds, while Citigroup, Bank of America, and JPMorgan are secretly experimenting with on-chain settlement and deposit systems behind the scenes. What's more alarming is that the nerve center of the U.S. financial market, DTCC, has just received approval from the SEC and plans to move government bonds and stock indices entirely onto the blockchain by 2026. Just think about this signal: the core clearing and settlement system of traditional finance is about to get a new engine.

All of this points to one thing: RWA (Real World Assets) tokenization. In simple terms, it means turning real assets like real estate, bonds, and stocks into digital tokens on the blockchain.

Why is this thing so popular? It hits three key points of traditional finance:

First, it operates 24/7 without waiting for the opening bell of the US stock market; second, settlement is completed in seconds, which is incomparable to the traditional T+2 settlement; third, the thresholds and costs have decreased significantly, allowing global investors to participate, with intermediary fees drastically reduced.

Both the SEC and CFTC have rarely joined voices to say they want to study the "24/7 capital markets". This is no longer a minor trend.

Ethereum is now the biggest beneficiary in this race, with nearly $19 billion in RWA market cap running on it. But this is just the prologue. The identity of financial institutions is to be redefined in the future—they will no longer be the "priests" on high, but rather become individual "nodes" in the blockchain network.

The official debut of DTCC in 2026 is likely to be the tipping point. When the framework of traditional finance is infused with the power of blockchain, a revolution regarding the nature of assets will truly begin.

Which public blockchain do you think will ultimately win in this arena? Or do you believe that institutional entry is the horn of this bull market, or simply the beginning of a "blood transfusion"? Let's talk about your thoughts.