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Zhejiang Securities: RWA poses regulatory challenges, may lead to temporary expansion of USD credit
Summary: According to Jinshi data, Zhejiang Securities released a research report stating that the macro impact of RWA (Real World Assets) lies in building a 'global capital market' on the blockchain, accelerating the substitution of on-chain finance for traditional finance, which may temporarily lead to further expansion of USD credit. RWA, stablecoins, and decentralized finance (smart ...
According to Jinshi data, Zhejiang Securities released a research report stating that the macro impact of RWA (Real World Assets) lies in building a 'global capital market' on the blockchain, accelerating the substitution of on-chain finance for traditional finance, which may temporarily lead to further expansion of USD credit. RWA, stablecoins, and decentralized finance (smart contracts) mirror traditional financial assets, fiat currency, and financial intermediation on the blockchain, complementing each other to form a new financial ecosystem on the blockchain. In the long term, the on-chain mechanism of RWA poses a potential challenge to traditional financial institutions, including banks, securities firms, insurance companies, and exchanges.
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Link: Zhejiang Securities: RWA poses regulatory challenges, may lead to temporary expansion of USD credit [Copy]
