Many people say that chain reform must be revolutionary and that institutions must overthrow the existing systems to start over. But I don’t see it that way.

Since entering the Layer1 track in 2018, I have chosen a reverse path — instead of forcing institutions to adapt to blockchain, it’s better to let the chain itself adapt to the existing operational systems, risk control standards, and even those seemingly outdated business processes of institutions. So what’s the result? Leading institutions like NPEX are actively seeking cooperation.

This reverse adaptation capability is actually hidden in the details. Take PLONK zero-knowledge proofs as an example, we don’t implement a unified standard framework, but flexibly adjust the encryption granularity based on each institution’s privacy protection needs. Some industries require strict information disclosure standards, while others are relatively lenient, and the system can adapt precisely. Modular architecture is even more straightforward — the ERP, clearing, and risk control systems originally used by institutions can be directly connected, without them having to dismantle existing tools and rebuild from scratch. The on-chain capability is seamlessly embedded into existing processes, while also maintaining compliance with regulatory requirements like .

For a securities tokenization project worth over 200 million euros, we did exactly that when cooperating with NPEX. Their securities registration and trading reporting processes are already highly refined, so we didn’t suggest starting over. How did we do it? Through interface adaptation, integrating on-chain functions into their existing business logic. Asset rights confirmation and regulatory reporting are all handled according to their familiar procedures, just optimized with technical means to eliminate redundant manual steps. The result? Costs are reduced, and operational habits remain unchanged.

Ultimately, RWA chain reform is not about how flashy the technology is, but about how deep the adaptation is. Institutions don’t want a completely new system; they want a tool that can integrate into existing models and truly reduce costs and increase efficiency. Reverse adaptation may look like a compromise, but in fact, it’s the most efficient way to implement. This approach not only helps us stand out in the track but also encourages more institutions to take the first step towards chain reform.