2025 will be a watershed year. Institutions are making large-scale entries, and the wave of asset onboarding is here. Privacy has shifted from being a "nice-to-have" to an "essential."

The RWA market has already surpassed the hundred-billion level, and the traditional open ledger approach is no longer attractive to financial institutions. They need transactional privacy and must also meet compliance requirements. At this time, some teams are deeply engaged in C-SPL and confidential computing protocols, just in time for the Solana ecosystem to transition from "pure speculation" to "real application."

Institutions want to use it, the ecosystem is upgrading, and technical solutions are being refined. How far this logic can go depends on how many real-world scenarios it can be implemented in.