As Wall Street giants rush into the RWA (Real World Assets) space, this highly anticipated track is facing a critical turning point. The entry of financial behemoths like BlackRock and Franklin Templeton undoubtedly injects strong momentum into RWA, but the real transformation may come from Nasdaq's potential entry. This move not only signifies the Depth integration of TradFi and Blockchain technology but could also become a key factor in driving RWA from mere 'asset mapping' to 'trading logic'.

Currently, the RWA sector is at a delicate balance point. The previous practice of merely mapping real-world assets onto the Blockchain has shown signs of fatigue, and new challenges focus on how to achieve 'on-chain native utility' and 'composable transactions'. When getting on board assets onto the chain is no longer a technical barrier, the real challenge lies in how to construct an efficient and secure on-chain trading ecosystem.

In an in-depth conversation with Jack, the head of the FufutureDAO Foundation, he emphasized that the key to the success of RWA is not who issues it first, but who can truly grasp the essence of the transaction. Jack believes that Nasdaq's involvement will serve as a catalyst for this RWA revolution, propelling the entire industry into a new phase.

However, this transition is not without its challenges. There are inherent contradictions and challenges between 'old assets' and the 'new world'. How to maintain the value of traditional assets while fully leveraging the advantages of Blockchain technology is the core issue facing the RWA sector.

A common misconception in the industry is equating 'asset tokenization' with the ultimate value of RWA. In fact, asset tokenization is just the first step; the real value lies in how to leverage Blockchain technology to reshape the trading, circulation, and management models of these assets. In the future, the development direction of RWA may focus more on how to create new financial products, optimize asset allocation strategies, and improve market efficiency.

With the gradual clarification of the regulatory environment and the continuous improvement of technological infrastructure, RWA is expected to become an important bridge connecting traditional finance and decentralized finance (DeFi). This not only provides investors with more diversified investment options but also injects new vitality into traditional assets.

However, in this process, how to balance innovation with risk, efficiency with compliance will be a challenge that the entire industry needs to face and solve together. Although the future development path of RWA is full of challenges, it also contains enormous opportunities and potential.