Multicoin is betting on compliant PoW public chains, ushering in the RWA "industrial revolution." As more public chains enter the RWA market, users (especially institutional users) will have more diverse choices. Improving user engagement through "ecosystem synergy" will become crucial. To this end, Kadena and Multicoin have jointly developed an "Ecosystem Flywheel" plan: Asset-side: Promote the tokenization and integration of more traditional assets (such as stocks, art, and intellectual property) into Kadena, with the goal of exceeding $50 billion in RWA assets by 2026, thereby establishing an "asset scale advantage"; Application-side: Encourage developers to develop RWA derivatives (such as RWA futures and options) and cross-chain financial management tools based on Kadena. Currently, 30 teams have received Multicoin's ecosystem support funds, and the first batch of RWA derivatives is expected to launch in Q1 2026; User-side: Launch the "Institutional Ecosystem Partner Program," offering incentives such as "technical service fee waivers" and "liquidity support" to financial institutions connecting to Kadena. Currently, 15 international financial institutions have joined, with plans to expand the number of partners to 50 by 2026. Multicoin's long-term bet on Kadena is essentially a firm belief in the return of blockchain technology to industrial value. Judging from its current ecosystem implementation and industry resonance, Kadena is no longer simply a "compliant PoW public chain" but has become an "infrastructure hub" connecting traditional finance with Web3, and the real economy with the on-chain ecosystem. It addresses the regulatory trust issue inherent in blockchain through technical compliance, while unlocking its potential for industrial value through the tokenization of RWAs. This dual-engine approach is redefining the commercial boundaries of blockchain technology. In the future, with the implementation of Chainweb 2.0, the maturation of global regulatory frameworks, and the continued explosion of the RWA market, Kadena is poised to evolve from a "compliance leader" to an "ecosystem monopolist." Multicoin's strategic bet could become a classic example of the fusion of "technical insight and industry trends" in crypto investment history. For the entire industry, Kadena's implementation not only demonstrates the feasibility of PoW public chains in the regulatory compliance field but also opens up the possibility of blockchain empowering the real economy. This exploration of the interplay between compliance technology and industrial value has only just begun.