#稳定币监管与发展 Looking back at SBI's journey in the encryption field, it is truly thought-provoking. From initially entering the digital asset trading space to now becoming the leader in Japan's stablecoin and RWA sectors, SBI has traversed a path of strategic foresight. Especially after the regulatory policies eased, they decisively partnered with international giants like Circle and Ripple to seize the opportunity. This reminds me of the bull run in 2017, when many Financial Institutions were still observing, while SBI had already begun its layout. In hindsight, this forward-looking strategy was undoubtedly the right one.

However, SBI's ambitions are clearly not limited to this. From stablecoins to RWA tokenization platforms, and then to Bitcoin futures, SBI seems to be building a complete digital asset ecosystem. This reminds me of Coinbase back in the day, which also started from a single business and eventually became the industry's infrastructure. Whether SBI can replicate such success remains to be seen.

It is worth noting that SBI is trying to position itself from "the fourth largest bank" to "a giant in the infrastructure of the digital asset era." This transformation is by no means easy, requiring both technological innovation and regulatory response capabilities. Looking back at history, many traditional Financial Institutions have encountered setbacks during their transformation processes. Can SBI remain undefeated in this transformation? Let us wait and see.