Many people think the challenge of RWA lies in 'bringing assets on-chain,' but the real issues often arise in the later stages: after assets are on-chain, can they be continuously traded, can they be exited, and who will take over? Without a secondary market, tokenization is just repackaging, not finance. IXS Finance is addressing precisely this missing piece of infrastructure. Its DEX isn’t designed for retail high-frequency trading but rather for a compliance-focused liquidity layer for institutional-grade assets. Assets like real estate, private credit, and commodities, which naturally lack liquidity, can escape the dilemma of long-term lock-ups through customized AMM mechanisms, enabling continuous trading and price discovery in a regulated environment. What’s more important is that @IxsFinance hasn’t split issuance and trading into two disconnected systems. Through an integrated SaaS platform, assets move from issuance and custody to secondary circulation within the same compliance framework, avoiding the common issue of 'being issued but unable to move.' External institutions can also access the market without relying on centralized market makers or fragile order books. Personally, I value @IxsFinance’s approach to transparency. It opts to bring in third-party independent verification for TVL and assets, rather than relying solely on self-reported data. This approach is typically seen in projects genuinely prepared to face audits, regulations, and institutional capital. As RWA gradually scales up, the market doesn’t need more concepts but rather trading and settlement systems that can withstand scrutiny. IXS seems more like it’s laying the foundation for 'sustainable on-chain finance' rather than chasing a short-term hype cycle.