First of all, I declare that I am not a fan of TRU, I am just studying the fundamentals.

A brief discussion on the disruptive application scenarios of tru's truemarkets. By 2025, RWA tokenization will see projects worth hundreds of billions or even trillions, which is a consensus. Compared to the 30 trillion assets on-chain by 2030, this is just the beginning.

Currently, the leading RWA projects include ONDO; CFG; OM; TRU; SOLO; PLUME; and of course some smaller ones like CHEX; OPUL, etc. There are also classifications such as physical tokenization, bond tokenization, and debt tokenization, among which US Treasury bond tokenization is being adopted on a large scale. Currently, ONDO, CFG, and TRU have relevant products, ONDO collaborates with BlackRock, and TRU collaborates directly with the US Treasury. However, considering the founder's Jewish identity, I feel the probability is very high. ONDO and CFG can only invest in US Treasury bonds in one direction, while TRU can use US Treasury bonds as collateral for reverse lending, indicating that TRU is more innovative.

In RWA, US Treasury bond tokenization and securities tokenization are the simplest forms of asset tokenization technology. Although PLUME has integrated numerous related small RWA projects, it itself lacks highlights. The underlying code of public chains is exposed, which means that if you are willing, you can replicate a public chain. Moreover, RWA projects are not suitable for public chains; compatibility chains can accommodate all public chains, serving the entire cryptocurrency industry asset will be the best choice, so I am not optimistic about PLUME, OM, ONDO. TRU and CFG happen to be compatibility chains.

TRU may see its core transformation product truemarkets by February 2025, claiming that everything can be tokenized. The underlying design of truemarkets is undertaken by akemona, a member unit of the US SEC, which also indirectly indicates a close relationship between TRU and relevant US entities.

akemona completed the technical issues of equity tokenization in 2024 and has been deeply engaged in the relevant industry for several years. Currently, it can conduct securities tokenization, bond tokenization (government bonds, corporate bonds, etc.), and asset tokenization. The establishment of truemarkets represents the formal integration of akemona and TRU in the blockchain industry, while compliance at the SEC level will not be a concern.

A valuation of hundreds of billions is not baseless; pure equity tokenization, what do you think it resembles? The US New York Stock Exchange, China's Shenzhen Stock Exchange and Shanghai Stock Exchange, if you take pure equity on-chain, do you think the New York Stock Exchange is worth 100 billion? Not to mention the bond tokenization market. In TRU's roadmap, we can see that one-click asset tokenization and tokenized trading with DEFI will become a reality.

We will all see this in 2025.

By the way, let me clarify a rumor: some KOLs never research but just listen to rumors and love to mislead others into taking over. For example, a certain influencer previously said that TRU was being investigated by the SEC and forced to smear negative news. Please check when the project teams of TUSD and TRU started to split, after all, some KOLs do not represent individuals. Investing is a personal matter, and I encourage everyone to do more research.

akemona link: https://akemona.com/

akemona equity tokenization evidence:

https://akemona.com/products-and-services/borrower-issuer/tokenized-equity

TRU token development roadmap 2024-2025:

https://trusttokenteam.medium.com/truefis-roadmap-q4-2024-25-our-path-to-rwa-growth-and-expansion-eff1b0270223

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