Recalling the year 2018, discussing RWA with friends (which was still in the dreaming stage back then, and was called STO at that time, along with token economics, etc.).

Our disagreement at that time was whether a credit endorsement was necessary. He believed that blockchain is decentralized, so it was not needed. But I believed that RWA is quite special, and putting real assets on-chain requires a strong institution to provide credit endorsement.

Fast forward to the year 2026, RWA is no longer just a conceptual term. This time scrolling through Twitter, I saw that Guotai Junan has launched the tokenized currency funds GUSDT and GHKDT on HashKey, which undoubtedly proves my viewpoint at that time.

On one hand, as the leading brokerage, Guotai Junan's ability to issue tokenized funds represents the recognition of RWA. More importantly, for real assets, users are quite cautious. There needs to be a strong institution to step forward and reassure everyone. This also facilitates the large-scale promotion of RWA. @HashKeyGroup

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