#Gate广场创作点亮中秋# 2025 will become a key year for the development of RWA, with multiple trends already emerging to guide investors. Compliance and standardization have become the foundation for development. As the market expands, compliance and standardization will form the basis of industry development. Hong Kong has already proposed the LEAP framework, which includes five dimensions: Legal, Ecosystem, Application, Product, and Talent.

Before the fourth quarter of 2025, Hong Kong will complete the draft of the "Digital Asset Issuance and Trading Regulations," requiring stablecoin issuers to be licensed and maintain a paid-in capital of HKD 25 million and 100% high liquidity reserves. The RWA Global Industry Alliance has been established, with the first batch of 30 institutions including well-known organizations such as Ant Group, OSL, Standard Chartered, Citibank, etc. These measures will provide a more regulated development environment for RWA.

The wave of RWA tokenization has already crossed the proof-of-concept stage and is reshaping global asset liquidity and allocation efficiency. International financial centers such as Hong Kong, Singapore, and Dubai are competing to introduce favorable policies to seize this new market worth trillions of dollars.
Technological breakthroughs and regulatory innovations are proceeding along dual tracks. From the risk management framework of AAVE Horizon to Hong Kong's LEAP regulatory system, from traditional government bonds to new energy power stations, cultural heritage, and even data assets, RWA is building a more open, efficient, and inclusive new financial ecosystem. This transformation not only provides investors with unprecedented opportunities but also injects new vitality into the global real economy, driving the world economy towards a more efficient, fair, and inclusive direction.