Mocaverse has evolved into one of Web3’s broadest ecosystems.Moca Chain, powered by Moca ID + AirKit, anchors credentials and interoperability across 60+ partners spanning culture, retail, sports, gaming, RWA, education, and AI.Ecosystem Highlights 📊• SK Planet → OKI Club retail loyalty• OneFootball → Football ID fan identity• Soneium / San FranTokyo / MyAnimeList → anime + culture stack• Plume Network → RWA finance integration• Open Campus → education credentials• Anichess, Nifty Island & more → gaming par ...

RWA Tokenization Landscape - 62% of tokenized bonds globally are issued on Polygon [1] - 38% of Euro Treasury Bills are on Polygon [1] - 29% of US Treasury Bills are on Polygon, matching Ethereum and exceeding all other chains [1] Report Overview - The Dune x RWA_xyz report for 2025 is available, focusing on onchain data [1] - The report covers treasuries, credit, equities, and commodities [1]

Investment Rating - The investment rating for the company is "Buy-A" with a target price of 24.58 CNY over the next six months, indicating a potential upside from the current price of 22.07 CNY [5]. Core Insights - The company has partnered with Ant Group to establish "Ant Chain Trust," focusing on green asset management and dynamic rating pricing using blockchain, IoT, and AI technologies [1][2]. - The collaboration aims to address the challenges in traditional green asset management, such as data silos and the inability to reflect real-time operational data and policy risks [2]. - The company is leveraging AI and Web3 technologies to enhance the lifecycle management of renewable energy assets, positioning itself as a core infrastructure provider in this sector [2][9]. - The report highlights the importance of real-world asset tokenization (RWA) as a growing category in the crypto market, with the company successfully completing the first RWA project based on renewable energy assets in China [3][9]. Financial Projections - The company is expected to achieve revenues of 51.73 billion CNY, 61.22 billion CNY, and 72.60 billion CNY for the years 2025, 2026, and 2027 respectively, with net profits projected at 5.31 billion CNY, 6.73 billion CNY, and 8.11 billion CNY for the same years [10]. - The projected earnings per share (EPS) for 2025, 2026, and 2027 are 0.49 CNY, 0.62 CNY, and 0.75 CNY respectively, with a dynamic price-to-earnings ratio of 50 times for 2025 [12][10].

Core Viewpoint - Nasdaq's proposal to introduce tokenized securities aims to integrate blockchain technology into mainstream financial markets, marking a significant evolution in global capital market structures [5][10]. Group 1: Tokenization of Securities - Tokenized securities refer to the process of converting traditional financial assets into digital tokens via blockchain, allowing for 1:1 anchoring with physical securities and granting equivalent voting, dividend, and governance rights [7]. - The tokenization framework extends beyond public market securities to include Real World Assets (RWA) such as real estate, private equity, and art, enabling low-cost, high-transparency trading of previously illiquid assets [7][12]. - Stablecoins are expected to play a crucial role as transaction mediums and settlement tools in the tokenized ecosystem, facilitating instant payments without relying on traditional cross-border remittance networks [7][8]. Group 2: Nasdaq's Tokenization Settlement Plan - Nasdaq's tokenization settlement plan involves four key steps: investors select the "tokenized settlement" option through brokers, settlement instructions are sent to the Depository Trust Company (DTC), DTC locks the corresponding stocks in a dedicated account and triggers the minting of equivalent tokens via smart contracts, and finally, tokens are distributed to brokers' on-chain wallets [8]. - This hybrid model of "off-chain trading, on-chain settlement" retains traditional market liquidity while leveraging blockchain's efficiency, achieving near-instant (T+0) settlement and significantly reducing counterparty risk and capital costs [8][11]. Group 3: Strategic Motivations Behind Nasdaq's Move - Nasdaq's push for tokenized securities addresses deep-rooted inefficiencies in traditional settlement systems, aiming to compress the lengthy T+2 settlement process to seconds, thus lowering costs and risks associated with trading [11]. - The initiative seeks to expand the asset boundary by enabling the fractionalization of non-standard assets, thereby attracting a diverse range of global assets and new on-chain investors [12]. - By leading the charge in compliant tokenization frameworks, Nasdaq aims to maintain its global trading technology leadership amidst increasing competition from firms like BlackRock and JPMorgan [13]. Group 4: Implications for Global Financial Infrastructure - Nasdaq's approach to tokenization is reshaping the development path of global financial infrastructure, ensuring that digital tokens have the same legal status and investor rights as traditional securities [15]. - The integration of programmable features through smart contracts is expected to automate complex processes such as corporate governance and compliance, enhancing operational precision and efficiency in global capital markets [15]. - The hybrid model of "on-chain and off-chain" is anticipated to become an industry standard, opening compliant pathways for trillions in non-standard assets to enter the blockchain ecosystem [15]. Group 5: Challenges and Future Outlook - Despite the promising outlook for tokenized securities, structural challenges such as regulatory compliance, traditional financial system inertia, and the need for significant infrastructure upgrades pose hurdles to widespread adoption [16][17]. - The lack of a unified global regulatory framework for securities tokens remains a significant barrier, as different countries have varying legal definitions and investor access rules [16][17]. - The potential impact on Chinese stock exchanges could be profound, as Nasdaq's advancements in T+0 settlement and RWA compliance may attract domestic investors to overseas blockchain markets, challenging the current capital flow dynamics [19][20].

Binance Ecosystem & Meme Coin Strategy - CZ 的回归让市场重拾信心，认为能从中获利，散户赚钱效应显著 [1] - 币安将 SOL meme 的优势引入 BNBChain，通过 alpha 平台进行小山寨币博弈 [1] - 币安通过 cabal/CTO 团队、项目方和 VC 背书，提升了资产的本质 [1] - CZ 虽然不喜欢 meme，但成功吸引了 meme 玩家参与 alpha 上的应用币 [1] Emerging Narratives & Tokenization - 期待 ICM (互联网内容货币化), CCM (社区内容货币化) 和 RWA (真实世界资产) 博弈的可持续版本 [1] - Alpha points 和 Virtual/Holoworld 的积分制度与公平发射的 meme 精髓相似，通过刷积分获得新项目参与权 [1] - ICM 和 CCM 的潜力未被完全开发，以往的互联网资本化或股权代币化映射模式存在可持续性和激励问题 [1] - HoloworldAI 正在尝试改进互联网资本化或股权代币化映射模式 [1] Market Opportunities & Liquidity - 建议关注币安的迭代速度，密切关注新赌场的诞生，如 perpdex、预测市场、宝可梦等 [1] - 建议拥抱流动性 [1]

Key Takeaways - BNB Chain is positioned as a settlement layer where institutions engage with DeFi [1] - RWAs (Real World Assets) on BNB Chain are becoming liquid, composable, and accessible [1] Report Highlights - The RWA Report 2025, co-produced by Dune and RWA_xyz, was launched at the RWASummit in Brooklyn [1] - The report includes clear theses and key trends based on on-chain data [1] - The report covers established players and emerging projects across treasuries, credit, equities, commodities, and more [1]

More RWAs are coming to BNB ChainIt’s not just gold and Treasuries. The report shows:🔸 Tokenized equities from @OndoFinance Global Markets and @BackedFi are expanding to BNB Chain🔸BNB Chain is set to be a home for the next wave of RWAsRead more in our full RWA landscape overview:https://t.co/bl7sVfNNDs ...

The takeaway is clear: BNB Chain is not only a settlement layer. It's where institutions meet DeFi and where RWAs become liquid, composable, and accessible.Download the report below 👇Dune (@Dune):📙 RWA Report 2025 is live, co-produced by @Dune × @RWA_xyz, launched at the @rwasummit in Brooklyn.Clear theses + key trends, grounded in onchain data. Established players and emerging projects across treasuries, credit, equities, commodities & more.https://t.co/8VYSBS0zBX ...

More RWAs are coming to BNB ChainIt’s not just gold and Treasuries. The report shows:🔸 Tokenized equities from @OndoFinance Global Markets and @BackedFi are expanding to BNB Chain🔸BNB Chain is set to be a home for the next wave of RWAsRead more in our full RWA landscape overview:https://t.co/bl7sVfNNDs ...

最近 Upbit 上币真的很勤快，终于看到 $PLUME 上线韩国所了很多次直播还有发推的时候我说过逻辑，原生 USDC 的集成对于公链，尤其是 Plume 这样有一定资管属性的 RWA 公链来说，原生 USDC 的集成至关重要。像是 SUI、SEI 等等，他们的爆发期也都在 native USDC 集成之后。正巧这两周山寨季，所以更是加速了这波集成基本面的上涨，迎来了上线 upbit 的信号上次原生 USDC 集成到 @plumenetwork 公链的时候我就说过这可能是个信号，还有小伙伴跟我确认是不是广的 😂 距离当时短短 2 周不到，涨了得有 50%Yuyue (@yuyue_chris):看见 Plume 最近走得挺稳的，找了找原因发现是 Plume @plumenetwork 正式宣布了与 Circle 的深度合作，在 Plume 公链上即将上线原生 USDC 与 CCTP V2USDC 集成后，在这条链上的理财活动包括 RWAfi、DeFi、社交金融等场景都会安全许多。公告中提到，现在能够直接使用 USDC 铸造原生稳定币 ...