From U.S. stocks to gold, silver, and other precious metals, it seems like at some point, people in the crypto space started being seen as the bag holders by outsiders. The core issue feels like the sluggishness of assets within the crypto space and our own lack of sharpness in paying attention to assets outside the space. When there are profits to be made in crypto, playing with coins is naturally the first choice, because the structure of traditional finance makes it hard for ordinary people to achieve overnight success. But when the market within the crypto space is sluggish, it wouldn’t hurt to also pay attention to the basic framework of traditional finance. By the way, recently @RaylsLabs disclosed some data on their collaboration with Brazil and sovereign infrastructure, which is worth checking out. They’ve introduced some new cases where individual investors can share institutional-level returns: - Nimofast: Large-scale aggregation business in Brazil, covering various real-world asset (RWA) trade flows - Also AmFi: Expected to bring $1 billion in receivables onto the blockchain - Last November, Rayls’ core development partner Parfin received investment from Tether Parfin itself is an early participant in Brazil’s TradFi sector. They’ve already built infrastructure for top banks like Santander and Itaú, and participated in two rounds of Brazil’s central bank digital currency testing projects. Their private chain ensures institutional privacy compliance, while their public chain integrates EVM ecosystems + Enygma privacy technology. For retail investors, they’ve opened up direct participation in institutional-grade asset returns through the public chain. These RWA-related initiatives are actually being used overseas.