Recently, the tokenization platform @ Securitize behind BlackRock BUIDL announced the introduction of Plume's @ NestCredit staking protocol, and @ SolvProtocol also plans to invest $10M in the Nest vault to find non nesting interest earning solutions for BTC giants under its protocol. These two things stacked together can better understand Nest's positioning: 1) Securitize is actually responsible for the "issuance layer", which can issue assets in compliance, but the real problem lies in Plume, the "distribution layer". For example, after the assets are issued, who will buy them, how will they circulate, and how will they generate profits? 2) Nest transforms the compliant assets issued by Securitize into on chain composable income products. Currently, 40% of nBASIS's APY comes from regulated basis trades, and 21.5% of nOPAL's is anchored in Brazilian credit receivables, both of which are 'real returns'. All of this is to verify that their earnings come from real off chain earnings, rather than false token incentives for APY nesting dolls. So, a conclusion can be drawn that the widespread adoption of RWAFi by @ Lumenetworks is closely related to Nest's interest bearing wealth management business, and is gradually shedding its pure narrative orientation. Finally, congratulations to PLUME for officially logging into Upbit today!