I'm not buying the need for specialized RWA L1s vs Ethereum/Solana.

Native KYC and AML for compliance can be app-level solutions vs. enshrined onchain.

Base also launched Verified Pools for institutional KYC/AML standards - no need for a separate chain.

Maybe those RWA L1s introduce censorship features in case regulators require to block bad actors?

But this is already done via ERC20 blacklist feature for USDC/USDT.

What's the real value proposition for RWA L1s?

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