币界网报道：In his annual letter, Larry Fink, chairman of BlackRock, proposed the vision of "everything can be tokenized", believing that tokenization will bring about an investment revolution. The current global RWA (real world asset) market size has reached US$23.4 billion, covering asset classes such as government bonds, credit, and real estate. BlackRock BUIDL Fund leads the tokenized government bond market with a scale of US$2.9 billion, and institutions such as Franklin Templeton have also made layouts. RWA projects in Hong Kong and Asia have shown diversified development, including projects such as HSBC Gold Token and China Asset Management Digital Currency Fund. Despite liquidity challenges, RWA is reshaping traditional financial infrastructure through advantages such as instant settlement, 24/7 trading and programmability. Institutions such as Cobo provide end-to-end RWA solutions to help asset chain and compliance management. Experts point out that RWA is not only a technological innovation, but also an inevitable choice to solve the limitations of the traditional financial system.