#RWA市场 I've been following the RWA market movements recently, and the two new ETFs launched by Amplify reminded me of an easily overlooked question——what exactly are we talking about when we discuss tokenized assets?
After reading that in-depth analysis on DTCC tokenization, I finally understood the distinction. Many people get excited hearing "tokenization" and assume stocks are going on-chain, but what DTCC is actually doing is upgrading the existing equity structure, not fundamentally transforming it. It's like using more efficient pipes to transport the same things, rather than changing the things themselves.
What insights does this offer us conservative investors? Two pathways will coexist long-term——one is institution-friendly modernization upgrades, the other targets innovators pursuing self-custody and programmability. The real value lies not in which path wins, but in the choice itself.
However, this also reminds us of a fundamental issue: every innovation comes with a cost. The direct ownership model sounds appealing, yet it means fragmented liquidity and self-assumed risk. The DTCC model, while retaining intermediary structures, delivers scale and certainty in exchange. We need to clarify our own needs——are we chasing the last percentage point of returns, or ensuring capital stability?
My recommendation is to maintain cautious attention rather than blindly chasing trends. The RWA market is still in its early stages, and the true landscape requires time to settle. What matters most now is building solid asset allocation and risk education foundations, reserving space for potential opportunities, rather than being dazzled by conceptual glamour.
#RWA市场 I've been following the RWA market movements recently, and the two new ETFs launched by Amplify reminded me of an easily overlooked question——what exactly are we talking about when we discuss tokenized assets?
After reading that in-depth analysis on DTCC tokenization, I finally understood the distinction. Many people get excited hearing "tokenization" and assume stocks are going on-chain, but what DTCC is actually doing is upgrading the existing equity structure, not fundamentally transforming it. It's like using more efficient pipes to transport the same things, rather than changing the things themselves.
What insights does this offer us conservative investors? Two pathways will coexist long-term——one is institution-friendly modernization upgrades, the other targets innovators pursuing self-custody and programmability. The real value lies not in which path wins, but in the choice itself.
However, this also reminds us of a fundamental issue: every innovation comes with a cost. The direct ownership model sounds appealing, yet it means fragmented liquidity and self-assumed risk. The DTCC model, while retaining intermediary structures, delivers scale and certainty in exchange. We need to clarify our own needs——are we chasing the last percentage point of returns, or ensuring capital stability?
My recommendation is to maintain cautious attention rather than blindly chasing trends. The RWA market is still in its early stages, and the true landscape requires time to settle. What matters most now is building solid asset allocation and risk education foundations, reserving space for potential opportunities, rather than being dazzled by conceptual glamour.