In the track of circulating real-world assets on the blockchain, one project has carved out a niche through a compliant approach. It addresses three core issues: low efficiency, high costs, and regulatory bottlenecks in bringing traditional financial assets onto the chain.

The performance report is quite impressive. By January 2026, it has completed €200 million in regulated security tokenization. The compliant euro stablecoin launched by the joint payment platform has a circulation volume exceeding €50 million, backed by a 1:1 fiat reserve, with no redemption issues ever occurring. The key is that after integrating cross-chain protocols, these RWA assets can circulate across different chains, reducing traditional securities cross-market trading from a T+2 cycle to just a few minutes, with transaction costs dropping by over 60%.

Sounds good, but the market reality is different. The global RWA market had already reached a size of $20 billion by January 2026. This project’s €200 million scale accounts for less than 1%, lagging far behind other players in the same track. Geographically, it’s even more awkward—100% of RWA projects are concentrated in Europe, only compliant with EU regulations, while major financial hubs like the US and Southeast Asia are virtually untouched. The product line is also thin, currently limited to securities and stablecoins, with no involvement in larger RWA categories like real estate or intellectual property, significantly capping growth potential.