#RWA资产代币化 The dual signals from Securitize and EquiLend are worth paying attention to. On one side is the specific rollout timetable for the fully on-chain US stock trading platform (early 2026), and on the other side is the direct entry of the traditional finance sector's $40 trillion asset pool.

Key observation points: The core of the Securitize model lies in **real shareholder rights + on-chain self-custody**, which breaks the limitations of synthetic stocks. However, whitelist wallet transfer requirements mean liquidity still faces a ceiling. EquiLend's investment logic is more straightforward—by connecting the institutional lending infrastructure with the tokenized market through the Digital Prime's Tokenet network, this signifies capital-level recognition of the RWA track.

Data signals to watch: Who will be the first to establish leading positions on these platforms, the growth curve of on-chain active addresses as the whitelist expands, and the actual deposit pace of traditional financial institutions. The trading depth and volatility of these platforms will directly reflect the market's genuine demand for RWA tokenization.

Currently, we are still in the infrastructure laying stage; the real capital inflow signals will depend on specific execution data after 2026.