If Bitget really moves into tokenizing U.S. stocks from the brokerage side, this could be a great opportunity to overtake competitors on a curve. There’s at least a 2-year window for this, and other CEXs might not have the motivation or incentive to pursue this. I encourage all RWA initiatives starting from real stocks because they can generate dividend payouts. This means the assets would truly have external cash flow, rather than relying on tokens swapping in DeFi and splitting a percentage of the fees. When trading volume drops, tokens can’t guarantee their intrinsic value. The real value in the business world is determined by actual market demand. People use condoms because they don’t want to have kids, so they’re willing to pay for that. It’s not like you buy a condom, leave it unopened, then sell it to your neighbor, and the profit margin gets taken by Durex and redistributed to all the early condom buyers.