
Yuyue|Apr 09, 2025 15:13
Today is the last day for Binance to vote on its listing, and tomorrow morning at 8 o'clock, I will have the last chance to receive a pig's foot meal. I mainly voted for PLUME myself, and I would like to talk about why we need to implement RWA on the blockchain in the context of Trump's 104% tariff decoupling between China and the United States
Tariffs actually reflect a reshuffle of the global currency, economy, domestic politics, and geopolitical order. The unilateralism led by the United States has replaced the multilateral cooperative world order, and anti globalization has become an irreversible trend. So when the traditional financial system is restricted, the value of asset on chain lies in achieving cross-border high-quality asset on chain
Chinese people have always been limited to participate in overseas investment through the Shanghai Hong Kong Stock Connect and funds, but imagine that if we think from the worst point of view, if NASDAQ were to be taken off the stock market (of course, I personally think this possibility is extremely low), Americans would basically not be able to buy any Chinese assets, then do Americans also have a need to buy high-quality Chinese assets?
For example, an American investor can purchase tokenized Chinese assets (such as a commercial real estate token) through Plume without worrying about the Chinese government suddenly freezing funds or the US government restricting payments, as transactions are completed on the chain
The decoupling between China and the United States and the reshuffle of the global order also provide certain opportunities for the development of RWAFi. By putting real-world assets on the chain, this decentralized solution also has room for exploration in the era of anti globalization
Coincidentally, Plume is the only RWA leader among the projects voted for this time. Recently, a traditional financial fund with an asset management scale of $700 billion, @ Apollo Global, has made strategic investments in Plume. Their previous investment in the cryptocurrency target was Sui, and they all understand it now
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