[Securities Times: The Real Breakthrough in China's RWA Market Lies in Non-Financial Assets] Foresight News reports, according to *Securities Times*, the innovative value of China's RWA market is primarily reflected in improving the liquidity of non-financial assets. A large number of "dormant assets" in the real world have not been able to effectively unlock their potential due to the lack of market-oriented circulation channels. Through RWA, enterprises can digitize assets such as orders, equipment, and inventory into digital rights, enabling financing and transactions on-chain. This provides new growth momentum for small and medium-sized enterprises, especially technology-driven innovative companies. The tokenization of non-financial assets helps lower investment thresholds and promotes inclusive finance. In the past, these assets were often accessible only to a few institutions or large enterprises. However, through blockchain's fractionalization mechanisms, more ordinary investors can participate at a lower cost. Leveraging blockchain's technical characteristics, RWA can enhance market transparency and transaction efficiency, reduce risks of fraud and tampering, and offer new means of investor protection. The introduction of non-financial RWA assets can also provide more robust foundational support for on-chain financial activities, enabling emerging financial models like DeFi to reduce their reliance on cryptocurrencies alone and gain a more stable asset base.