Many RWA projects currently look quite impressive, but in reality, compliance is just talk. However, this time it's different — a privacy public chain has obtained a complete set of financial licenses, truly integrating regulation into the underlying code.

What does this mean exactly? It has acquired a full suite of licenses covering market makers, brokers, and trading platforms. This means it has transformed from a simple technical protocol into a legitimate, regulated digital trading infrastructure for securities.

What's the most impressive part? Many chains focus on compliance at the application layer, resulting in different DApps needing separate reviews, which creates legal risks and fragmentation. They do it the other way around — embedding the legal framework directly into the protocol layer. One user verification, and the entire ecosystem is universally compatible. Whether you're issuing bonds, managing funds, or trading, everything operates within the same compliant system, avoiding legal friction.

This is the real threshold that attracts large institutions to participate.

As related applications are implemented, this is no longer just a trading interface but a legitimate channel connecting traditional finance with Web3. While many are still trying to figure out how to evade regulation, some have already started using regulation itself to build competitive barriers.

In this relatively primitive stage of the industry, the ability to truly connect privacy and compliance — two seemingly conflicting paths — at the infrastructure level is far more innovative than simply speculating on token prices.