China's Medium-term Lending Facility (MLF) operation scale as of July 25

Thursday, September 28: • Stratos (STOS) Launch: Stratos is launching its mainnet. This launch increases the potential value of STOS and the interest of the crypto community. • BETA Update: Beta Finance will introduce the Omni update. This development will make the Beta platform more flexible and user-friendly. • US Economic Data: US GDP and Initial Unemployment Claims data will be published on this date. These data will reflect the overall health of the US economy and impact global financial markets. • Jerome Powell's Speech: The speech by FED President Jerome Powell gives clues about the value of the dollar and the economic policies of the USA. Meanwhile, #ContentStar##contentcreator##BountyCreator##HotTopic Discussion##Gate.ioDaily##Gateio#

When it comes to RWA, everyone may be familiar with it. A few months ago, RWA triggered extensive discussions with its strong concept of asset digitization, causing the market to speculate on secondary narratives. For a time, RWA concept tokens emerged one after another, and they came to seize the first pot of gold brought by institutions. However, similar to all concepts that stand out from the crowd, due to various restrictions such as supervision and scenarios, RWA has returned to calm after large institutions and regional governments have made their platforms short-lived. I thought it would be lost to everyone, but what I didn’t expect was that a few months later, the RWA track became popular again. The key person who ignited this fire is BlackRock. On March 20, BlackRock announced the launch of its first tokenized fund issued on a public blockchain, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). It is reported that BUIDL will be conducted through Securitize, a digital asset securities company focusing on RWA.

Tokenization: The Key Market Evolution of the Financial Future Real-world assets ( RWA ) are becoming a key part of the cryptocurrency industry. As of May 2024, the RWA market has exceeded 6.6 billion dollars, and asset tokenization is expected to reach 10 trillion dollars by 2030. The World Federation of Exchanges ( WFE ) published a paper this month on tokenization, calling it a natural progression for finance. Some large financial institutions are also quite active in this area, for example, a large bank has tokenized shares in a money market fund using a certain digital asset platform. Custodian trusts and clearing company ( DTCC ) recently completed a pilot test to evaluate fund tokenization technology and standards. A German bank has joined the Monetary Authority of Singapore's Project Guardian, a blockchain alliance that includes several major banks, to explore an interoperable tokenization framework.

This article outlines the development process of Hong Kong's virtual asset regulatory policies, divided into three stages: the initial period from 2017 to 2021, primarily focused on risk warnings; the key node of policy transformation in 2022; and the practical phase that began after 2023. Hong Kong is actively promoting the development of the virtual asset ecosystem to achieve a balance between innovation and stability, gradually establishing a comprehensive regulatory framework to maintain its position as a financial center.

Tokenized stocks have developed since 2017, initially appearing in the form of STOs, focusing on Compliance but facing issues of Liquidity and standards. After the DeFi boom, the synthetic asset model attempted to bypass regulation but has not achieved sustainable development. Recently, the RWA format has regained attention, emphasizing Compliance design and real asset backing, with the market primarily concentrated on US stocks. The potential advantages of tokenized stocks lie in 24/7 trading and drop in costs, but they still face uncertainties related to regulation and the use of stablecoins. In the future, this could provide new opportunities for valuation rise and DeFi investment for publicly listed companies.