Every hot trend has its proponents, but few projects truly deliver results. The wave of RWA (Real-World Asset Tokenization) is no different—everyone is talking about it, but only a handful have achieved scalable implementation.

Just look at recent actions—some privacy public chain project has already tokenized $300 million worth of securities assets, and importantly, they are working with licensed institutions. This adds significant credibility and value.

The real highlight is the EURQ stablecoin jointly issued with Quantoz. This token is thoughtfully designed: it’s pegged 1:1 to the euro, backed by sufficient fiat reserves, and incorporates privacy technology to keep transaction details confidential, while maintaining a complete and transparent audit trail. This directly addresses two major pain points of traditional asset on-chain: compliance and privacy.

Compared to other RWA projects, some struggle with compliance hurdles, while others have opaque asset information. This project, however, has seamlessly integrated the entire process—issuance, trading, and clearing—and is compatible with strict regulatory frameworks like the EU’s MiFID II. Traditional financial institutions no longer need to worry about regulatory risks.

Some securities token platforms are already running their operations on this chain, supported by real cash flow.

The essence of RWA is compliant implementation. Whoever can master this will be the biggest beneficiary of this wave. Currently, this project appears to have established a replicable path; in the future, large-scale traditional assets going on-chain will likely find it hard to bypass it.