Zheshang Securities: The regulatory difficulties brought by RWA may lead to the expansion of US dollar credit in stages

By: odaily.com|2025/07/21 08:11:49

Odaily News Zhejiang Securities released a research report saying that the macro impact of RWA (real world assets) also lies in creating a global capital market on the blockchain, accelerating the replacement of traditional finance by on-chain finance, and may lead to further expansion of US dollar credit in stages. RWA, stablecoins and decentralized finance (smart contracts) mirror the investment targets, legal tender, and financial intermediary functions in the traditional financial system on the blockchain. The three work together to form a new financial closed loop on the blockchain. In the long run, the RWA on-chain mechanism is a potential challenge to traditional financial institutions, including banks, securities firms, insurance, and exchanges. (Jinshi)

Solana did not fall behind during the bear market. Trading enthusiasm has waned, but the network is more stable, RWA and stablecoins are expanding, and the capital foundation is much thicker than in the previous cycle. The real question is: when the speculative tide recedes, can perpetuals, predicti...

Young people in South Korea make a "final effort" in the epic bull market

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The pricing controversy of Trade.xyz exposes the fatal weakness of Pre-IPO perpetual contracts

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How much longer can Ethereum's last big buyer hold on?

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World Cup 2026 Coming – WEEX Celebrates with $1M Prize Pool & Michael Owen Live

The 2026 FIFA World Cup is hours away. WEEX unveils the “World Cup x Dice Rush” campaign with a 1,000,000 USDT prize pool. Plus, Michael Owen reunites with WEEX COO for an exclusive pre-match livestream. Join now!

Morning Report | OpenAI has submitted an S-1 registration statement draft to the U.S. SEC; Morpho completes $175 million financing

Overview of Important Market Events on June 9th

Galaxy Deep Research Report: How Hyperliquid's HIP-4 Upgrade Changes the Landscape of Prediction Markets?

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Latest research from 13 top universities including Cornell University: The current state, challenges, and misconceptions of the fusion of Crypto and AI

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Deconstructing Anthropic: The Best AI Company, Possibly Also a Type of Organizational Invention

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Every exchange is a "Universal Exchange."

You initially build infrastructure for something, then realize it can also be used for many other things, and then you continuously expand the business to accommodate everything that the infrastructure can support.

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Pantera Capital Partner: How Tokenization is Restructuring the Private Equity and Early Investment Ecosystem?

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Mastercard Launches Agent Pay for AI, Plans to Record AI Agent Payment Authorizations on Polygon

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Morning News | CME Group launches Nasdaq Cryptocurrency Index futures; Asset management giant Janus Henderson strategically invests in Ethena

Overview of Important Market Events on June 10