In this conversation, three guests provided a profound analysis of the current opportunities and challenges within the RWAfi ecosystem from different perspectives: they explored how the tokenization of real-world assets is reshaping the core logic of traditional finance, and revealed the bottlenecks in technology, compliance, and market acceptance in this field. By combining real case studies and future trends, the guests outlined a potential blueprint for RWAfi's role in accelerating global asset liquidity and promoting capital efficiency. This article is based on the RealtyX DAO AMA interview content, organized and translated by ChainCatcher. (Background: Bitcoin legend Adam Back visits Taiwan to discuss: The intersection of traditional finance and Bitcoin reaches a critical point, with endless potential for RWA) (Supplementary background: A global overview of RWA tokenization: Key players and future trends) In 2024, RWA (Real World Assets) became a hot topic of discussion in the Web3 world. As a bridge combining real assets with blockchain technology, RWA offers new possibilities for asset on-chain. However, in the crypto market known for high returns and speculative assets, the appeal of RWA still faces challenges. Compared to native Web3 assets, RWA's returns appear relatively 'conservative,' and compared to those speculative tokens that can double quickly, RWA's stable returns seem less alluring. But those who truly understand RWA know that its value goes far beyond stable long-term returns. The core potential of RWA lies in its ability to drive the digital transformation of real assets, injecting more trust-based assets into DeFi (Decentralized Finance), and shaping a new economic order in the Web3 world. To address the resistance to adoption and unlock the true potential of RWA, RealtyX has teamed up with several top projects in the RWA field to launch a movement to promote the deep integration of RWA and DeFi — the MTR RWAfi Movement. This movement is driven by innovation and education, exploring new possibilities for RWAfi (RWA + DeFi) through collaborations with leading industry projects and blockchain platforms. To spark intellectual collisions in the industry, the first discussion focused on 'Mapping the RWAfi Ecosystem,' deeply analyzing the composability potential of RWA and DeFi, laying the groundwork for future ecological development. From hot discussions to practical actions, the RWAfi Movement is redefining the intersection of real assets and decentralized finance, leading the industry towards a future with more trust, efficiency, and long-term value. This discussion was hosted by Jade, Strategy Leader at RealtyX, co-hosted by the Plume blockchain team, and featured several heavyweight guests, including Teddy, Co-founder and CBO of Plume, PG, Founder of the RWA market project Polytrade, and Clair, CEO of the perpetual contract protocol Silver Koi. The discussion was conducted in English, and below are the highlights and translations of the core content, translated by Sanqing, a contributor from the RealtyX DAO community. ---------------- Jade (RealtyX): Hello everyone! I am Jade from RealtyX, and I warmly welcome you to the first discussion of our MTR seminar and AMA series. Today's topic is 'Exploring the RWAfi Ecosystem,' and I will act as the host for this discussion. Before we begin, I would like to briefly introduce the meaning of 'MTR': 1. First, it stands for 'Most Trusted and Rewarding RWAfi,' reflecting our commitment to building an influential ecosystem for real assets and decentralized finance. 2. Secondly, 'MTR' is also the name of the Hong Kong subway system, and we wish to pay tribute to Hong Kong, as RealtyX was born there and is currently a member of the Hong Kong Cyberport Incubation Program. The MTR subway system is the best metaphor for our efforts to promote development and enhance connectivity in the RWA field. Next, we are fortunate to invite several industry pioneers and innovators from Plume Network, Silver Koi, and Polytrade. Let's start with a brief introduction of each guest and their projects. Teddy (Plume Network): Hello everyone, I am Teddy, and I am happy to participate in today's discussion. Plume is a permissionless EVM network focused on the RWA space, and our core goals include: tooling, facilitating asset distribution, and enhancing the composability of assets. We are dedicated to bringing new users into the RWAfi ecosystem and unlocking trading and liquidity opportunities for them, leveraging the outstanding projects featured in today's Twitter Spaces. Thank you again for the invitation, and I look forward to the upcoming discussion! Claire (Silver Koi): Hello everyone, I am Claire. Silver Koi is the first decentralized exchange that supports equity perpetual contracts (Equities Perp DEX). It may sound a bit complex, but it is actually very simple. We allow users to trade perpetual contracts of assets such as stocks, commodities, and foreign exchange on a single platform, providing up to 200x leverage while maintaining low funding rates and low slippage. Our goal is to deliver an efficient and cost-effective trading experience for users. PG (Polytrade): Thank you, Jade! I am very glad to participate in this discussion today. I have a deep connection with MTR (Hong Kong subway) because I spent a significant part of my life in Hong Kong. So, I really love everything about this place. I am the founder and CEO of Polytrade. Polytrade has now become one of the largest RWA asset trading markets in the world, and we will soon transform into an RWA center. Our philosophy is very simple. Just as teams like Plume are building infrastructure to help more users and projects enter the RWAfi ecosystem, our job is to build the frontend or DApp so that all ecosystems can connect seamlessly, allowing users to easily interact. In other words, users can complete all RWA-related operations, such as tokenization, asset management, indices, loans, etc., without leaving the Polytrade platform. We position Polytrade as a super application for RWA, which is our current core goal. Jade (RealtyX & Host): Great! Today our RWA scene is quite comprehensive. Wonderful! Let's dive straight into the first question, but let’s first focus on the RWA part before we delve deeper into the RWAfi ecosystem. Over the past year, RWA...