Solana co-founder Anatoly Yakovenko recently stated in an interview that he hopes to complete the on-chain integration of traditional financial assets (RWA) within a year, and within five years provide compliant, open-source on-chain IPOs for entrepreneurs, ultimately creating an open, low-cost, decentralized internet capital market.

Stablecoins are a form of currency with higher risks. The risk lies in their use of atomic swap models rather than the currency-to-currency model. The risk also lies in the significantly less regulatory oversight of their KYC processes. Additionally, there is a concentration risk surrounding miners in the blockchain.

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Implementing blockchain is not easy, and it is understandable to remain cautious while its market impact is still unclear. However, avoiding issues due to uncertainty or endlessly delaying action is not the best choice. The transformation of the financial system driven by blockchain has already begun, and leaders are learning and accelerating development quickly. The only remaining question is when and how other countries will decide to join this wave.

Asset reserve requirements and fund segregation systems increase funding and management costs, while financial information disclosure and auditing raise operational costs. For those digital assets that were originally in a gray area, more resources need to be invested to determine regulatory attributes, increasing compliance costs.

The shortage of startup funds has become a fatal bottleneck for project implementation—project parties are worried about losing their initial investments, while legal, technical, and other professional service institutions cannot bear the risk of advance funding. This contradiction has precisely given rise to a significant business opportunity: the establishment of RWA support funds, filling the ecological gap through innovative capital supply models.