The President’s Working Group report outlines a future where stablecoins, tokenized Treasuries, and programmable financial infrastructure form the core of U.S. digital markets. Among its many insights, the report highlights a core institutional use case: “The CFTC has noted the potential for tokenization to improve the collateral market with atomic settlement and ameliorate liquidity needs in bilateral and multilateral clearing.” At BounceBit, this principle is already operational. BounceBit Prime introduces a new financial primitive: RWA-backed structured yield strategies, where tokenized Treasuries are not just held – but deployed as cleared collateral. Specifically: Collateralized strategy design Prime integrates tokenized money market funds like BlackRock's BUIDL as collateral into modular strategies, abstracting away bilateral complexity while enabling fixed-rate Treasury yield with crypto-native funding and arbitrage spreads. Infrastructure-level composability BounceBit’s base layer is EVM-compatible and secured by Bitcoin, enabling RWA-backed positions to flow across staking, structured products, and cross-margin trading. Both CEX-based and self-custodied assets can plug into the system, with transparent strategy logic and settlement rails built in. Execution-layer integrations By linking to deep liquidity venues and institutional custody partners, BounceBit supports cross-venue hedging, automated rebalance logic, and seamless on/off-ramp access, all with native onchain transparency. This model reflects many of the principles highlighted in the report: - composability without compromising compliance - dollar-denominated primitives with global reach - programmable financial products that settle 24/7 As the U.S. signals institutional commitment to tokenized infrastructure, the capital stack is already forming - on BounceBit and beyond.