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In the multi-chain era, the fragmentation of liquidity is becoming increasingly serious, affecting the development of Decentralized Finance. To address this dilemma, StakeStone has launched the LiquidityPad platform to help emerging public chains integrate cross-chain liquidity, forming a full-chain liquidity flywheel that promotes ecosystem development and user participation. In the future, it is expected to become a core hub between emerging public chains and mature markets.

RWA: The next rise engine of Blockchain technology In recent years, real-world assets ( RWA ) have attracted significant attention in the blockchain space. Data shows that the RWA market size has surpassed 15 billion USD, and it is expected to rise more than 700 times in the next 7 years. Behind this enormous potential, the key question is who will truly capture the incremental value. The on-chain transformation of RWA is just the first step. To fully unleash its potential, more efficient technological architecture, open infrastructure tools, and a complete ecosystem are needed. RWAfi has emerged to not only enhance the liquidity of RWA but also to generate returns through DeFi operations, injecting real value support into the crypto market. However, public chains dedicated to RWA management and circulation are still scarce. The challenges faced by RWAfi include: complex asset tokenization processes, multi-party collaboration, security compliance issues, and how to build an efficient and transparent financial market through Blockchain.

RWA: Building a Public Ledger World for Real Assets Recently, many centralized institutions and decentralized projects have begun to explore the RWA track. Currently, the RWA market size has reached 36.5 billion USD, with a year-on-year growth of about 60%, covering various fields such as private credit, US Treasury bonds, commodities, real estate, and stock securities. Although RWA still faces many challenges, the participation of traditional financial giants and the active exploration by governments around the world bring hope for solving the hollowing out and scaling issues of blockchain finance. RWA, as a bridge connecting traditional assets and blockchain finance, is expected to become the "sword bearer" of this parallel world. It can not only reshape traditional finance but also bring opportunities from the real world onto the chain. We look forward to RWA achieving global borderless asset investment and financial expression, allowing investors to participate in various asset investments across borders at any time. RWA has the potential to build a public ledger based on real assets.

The new DeFi era has arrived: RWAFi and stablecoin payments have become new opportunities. Since the DeFi Summer of 2020, AMM, lending protocols, derivatives trading, and stablecoins have become the core infrastructure of the cryptocurrency trading space. After four years of development, these sectors have gradually matured, and growth has hit a ceiling. After the 2024 U.S. presidential election, the compliance process in the cryptocurrency industry accelerates, bringing new opportunities for the industry. The integration of traditional finance and DeFi speeds up: physical assets ( RWA ) evolve from simple tokenization to yield-generating stablecoins, becoming a new growth engine for DeFi. At the same time, the strategic position of stablecoins in international trade is elevated, and payment infrastructure continues to prosper. Traditional financial giants accelerate their layout, injecting more possibilities into the industry. A new batch of unicorns in the cryptocurrency trading sector is brewing. They will adapt to regulatory changes, leverage traditional financial integration and technological innovation, explore new markets, and drive the industry forward.

On July 3, 2025, Hong Kong held a forum focusing on new policies to discuss the integration of TradFi and Decentralized Finance, as well as the digitalization of real-world assets. Wu Jie, a market maker, emphasized the importance of both Compliance and innovation, launching the "RWA Bridge Program" to build a bridge between traditional finance and Web3, promoting asset on-chain and compliant development, and helping Hong Kong to take a leading position in the global Web3 field.