The momentum behind RWAs continues to reinforce the same conclusion: the future of finance will run on onchain rails. Tokenized U.S. Treasuries have crossed $12.5B and continue to set new all-time highs, led by @circle, @BlackRock, and @OndoFinance, all part of BounceBit’s journey. We unlock the next stage: • access to yield above the risk-free rate • productive use of tokenized collateral • integration across custody, collateral, and trading The next phase of digital capital will be defined by utility, not tokenization alone.