Compliance is the true pathway to mass adoption.

Currently, there are projects building a privacy-first L1 public chain specifically serving the regulated real asset sector. Its unique feature is—using zero-knowledge proof technology, it can provide institutions with the privacy protection they need while maintaining the transparency characteristics that the DeFi ecosystem should have.

This design breaks the traditional dilemma: privacy and transparency are often seen as opposites. But in RWA scenarios, they can actually coexist. Institutional users need privacy to protect sensitive transaction information, while market participants require transparent on-chain data to verify asset authenticity. The introduction of zero-knowledge proofs perfectly meets this balance—proving transaction validity without revealing transaction details.

As traditional finance's interest in on-chain RWAs continues to grow, this kind of infrastructure that balances privacy and compliance could become a key foundation in the next stage.