[Coinbase CEO: The Financial System Still Needs Upgrades in Key Areas Like RWA and Next-Generation Payments] According to a report by Jinse Finance on May 25, Coinbase CEO Brian Armstrong stated that the financial system still requires upgrades in the following key areas: - **Tokenization of Real-World Assets (RWA):** Bringing assets such as real estate, stocks, bonds, and funds on-chain to enable instant settlement, fractional ownership, and broad circulation. - **24/7 Global Trading:** Aggregating global liquidity to allow all types of assets and investors to participate, enhancing leverage capacity and capital efficiency. - **Next-Generation Payment Systems:** Leveraging stablecoins to achieve near-instant, low-cost cross-border transfers, adaptable to smart agent payment scenarios. - **AI-Powered Risk Management, Credit, Compliance, and Financial Advisory:** Optimizing decision-making, reducing fraud, expanding financing channels, and enabling everyone to access professional financial services. - **Regulatory Frameworks That Encourage Innovation:** Moving away from one-size-fits-all controls, implementing risk-tiered rules, and fostering industry innovation and healthy competition. - **Inclusive Financial Services:** Utilizing decentralized open protocols and self-custody wallets to make financial services easily accessible to all smartphone users. - **Convenient Financing Channels:** Allowing individuals to quickly and affordably raise funds for high-quality ideas, supporting the growth of startups. - **Stable and Value-Preserving Currencies:** Acting as a safe haven for assets during times of fiat currency instability and high inflation. Only by fully implementing these transformations can the financial system be considered truly complete.