🤔 In the RWA space, institutions are taking frequent actions. VanEck predicts that tokenized securities could exceed $50 billion by 2025, and BlackRock has also entered the game. The EU's MiFID II directly incorporates tokenized assets into regulation, Ripple has launched the MPT standard and privacy protocol, and 10 EU banks are planning to develop L1 chains. Isn't this a clear indication that RWA is reshaping the global financial market? Traditional finance is slow to pivot, but the efficiency and compliance of tokenized assets can truly disrupt the status quo. On the digital euro front, the ECB is expected to release findings by mid-2025, focusing on both CBDCs and commercial bank stablecoins, while also aligning with mandatory IPR directives. It is said that Ripple's XRP Ledger has been selected for wholesale DLT. Under MiCA regulation, compliant liquidity tracks like XRP and RLUSD are certainly favored by the EU. Look, even the Luxembourg finance minister has met with Ripple executives regarding e-money licenses. With these moves, how could cross-border payment efficiency and financial inclusion not improve? In this context, the role of @pharos_network is crucial. It not only enhances asset liquidity through blockchain technology but also drives the entire industry forward through compliance innovation. Looking at ETFs, the SEC has fast-tracked ETFs for both XRP and DOGE, categorizing XRP as a "commodity trust asset"! This not only presents new investment opportunities but also signifies regulatory recognition of these digital assets. If XRP can indeed launch an ETF in the EU first, the positive impact on market sentiment is undeniable. Tether is also very clever, launching the USAT stablecoin, directly targeting the compliant market in the U.S. What do we call this? A curveball strategy to seize ecological positioning. Pharos is at the forefront of these trends, and its future influence on the global financial market is worth our deep consideration and discussion.