Anyone who is willing to give up freedom in exchange for security will ultimately gain neither freedom nor security! - Hayek

#RWA Our ancestors' teachings: Take it slow and steady, openly build the plank road while secretly attacking Chencang, rather than "my country is so powerful." So: Don't try to replace the US dollar simplistically. Don't challenge the decentralized global consensus with a centralized sovereign currency. Don't hope that the digital RMB can establish RMB hegemony internationally. Openly build a dollar stablecoin while secretly using a RMB stablecoin, and experiment with a supranational currency backed by real assets.

#RWA In the RWA tokenization and stablecoin route of traditional financial assets, the United States and the European Union are chasing each other and moving forward in parallel; after a period of rapid development, Hong Kong was suddenly put on the brakes by verbal guidance from Beijing and the central bank. RWA guided the suspension of business and turned to support the digital RMB to compete with the global US dollar stablecoin?

#RWA In this time window, new DeFi, new public chains and PayFi will all rise using RWA and stablecoins, these Web2.5 models and scenarios, combined with traditional assets, industries and traditional capital markets!

The #RWA craze initially started with cryptocurrency influencers switching to RWA, including a large number of emerging influencers and self-media influencers. They believed that everything could be RWA. In recent days, in addition to unscrupulous media outlets misrepresenting RWA, the most vocal critics of RWA have come from this wave of mainstream cryptocurrency influencers, seemingly wishing they could shut down the company. I wonder if these influencers have any sense of common sense. They alternate between praise and criticism, making it awkward for others to watch!

#RWA Why has Caixin become like Reuters recently? Their professionalism has dropped sharply, and they are getting more and more excited about the new stock market. They have become a street vendor.

During the RWA research group's discussion, two very specific categories were mentioned: bulk agricultural products and water resources.

#RWA Water150's W150 Becomes Europe's First MiCA-Compliant RWA Utility Token: The Standard for Transparency and Trust Water150's W150 token has become the first utility token pegged to a real-world asset (RWA) product to receive full approval under the Markets in Crypto-Assets Regulation (MiCAR), Europe's highest regulatory standard for cryptocurrencies, after meeting all requirements set by the European Securities and Markets Authority (ESMA). The Markets in Crypto-Assets Regulation (MiCA) establishes unified EU market rules for crypto-assets currently exempt from traditional financial services regulation. The new legal framework will support market integrity and financial stability by regulating the public offering of crypto-assets and ensuring consumers better understand the associated risks. The MiCAR standard underpins Water150's issuance of the W150 token, ensuring holders can enjoy the 150-year-old premium spring water backed by this digital asset in a transparent and legally regulated environment. W150's fully regulated status also means it may be listed on MiCAR-compliant trading platforms in the future. The Water150 token is a cryptographic utility token issued on the Ethereum blockchain by Longhouse Water SA, a Luxembourg public limited liability company. Each W150 token represents the right to receive one liter of high-quality spring water annually from one of the 1,000 planned wells managed according to Longhouse's water quality standards, for at least 150 years, starting on January 1, 2027. The maximum supply of W150 tokens is 210 billion units, and each token represents one liter of high-quality spring water, securely stored and independently verified within Water150's ecosystem of 1,000 wells. For 150 years, starting in January 2027, Water150 token holders will receive one DROP voucher for each Water150 token they hold. Holders can redeem their DROP voucher for one liter of water from any well within the same year. Currently, DROP tokens are redeemable only for water at a 1:1 ratio, and unlike the Water150 token, there are no current plans to list. Water150's achievement as Europe's first MiCA-regulated utility token underscores our commitment to credibility, accountability, and transparency. More broadly, this is a milestone for the $30 billion risk-weighted asset (RWA) industry, particularly given that the framework was fully implemented late last year. The regulatory standard is touted as a rigorous framework that each of the 27 nation-states in the European Economic Area (EEA) can apply to their specific domestic markets. We welcome the legal scrutiny that comes with the rigorous approval process and are pleased to thrive in a regulatory environment that protects consumer rights and provides legal support for exploring all expansion opportunities across Europe. — Sören Müller (COO, Web3) The Water150 token is supported by a white paper that has been ruled compliant with Chapter II of Regulation (EU) 2023/1114 of the European Parliament and of the Council.

#RWA: Retreat to advance, desovereignization, demonetization

#RWA: A state-owned local platform and a private securities firm, in collaboration with the Australian Stock Exchange (actually called MOX), claimed to have issued a publicly offered offshore RMB digital bond on a public blockchain. The bond was issued jointly by the Shenzhen Stock Exchange, the Australian Stock Exchange, and the Hong Kong Stock Exchange. The state-owned platform's official website has experienced a 404 error. MOX, in exchange for payment, posted a 100-word message, but the Shenzhen Stock Exchange couldn't find any information about the bond (this state-owned enterprise currently has four local bonds listed on the Shenzhen Stock Exchange). They also enlisted state-owned securities firms such as CMB International, CICC, and Orient Securities to distribute the bond in Hong Kong, but the public offering lacks a prospectus, and the smart contract is nowhere to be found on the public blockchain, only an address. Many people have asked me about this, and what they don't understand is: are these state-owned and private institutions colluding to fabricate information and promote stock prices through PR? Beijing has repeatedly warned Chinese institutions against hyping Web3 and the capital market. Are they defying the law? The most crucial thing is that a group of internet celebrities and self-media KOLs were collectively excited, analyzing the advanced nature and great innovation of this case one by one, but they may not even understand the details such as local bonds, offshore bonds, public offerings, public chains, the differences between the Shenzhen Stock Exchange and MOX, and the compliance of Hong Kong issuance.