Core Insights - The report titled "Real World Token Economy 2025" emphasizes the shift from merely putting offline assets on-chain to building a comprehensive token economy ecosystem that utilizes tokens as new value carriers for more efficient value circulation and collaboration [1][2] Group 1: Tokenization and Its Implications - The report highlights that the tokenization of real-world assets (RWA) and tokenized payment settlements are crucial pillars for the development of the ecosystem, with RWA providing diverse value targets and token payments facilitating efficient circulation [1] - The concept of "everything can be tokenized" requires three preconditions: verifiable status, programmable ownership, and quantifiable value for successful scaling of assets [1] Group 2: Financial and Industrial Impact - Tokenization is seen as more of an enhancement for financial assets but is crucial for supporting real industry financing needs, indicating a shift from investment-driven to financing-driven demand in the future [1] - Ant Group's practices in the tokenization of renewable energy assets provide a reference path for the industry, injecting new vitality into low liquidity assets like real estate and industrial equipment through on-chain circulation [2] Group 3: Payment Systems and Trust Mechanisms - The tokenized payment settlement network is described as the "circulatory system" of the token economy, supporting efficient value flow, with future developments in central bank digital currencies and commercial bank tokenization expected to reshape cross-institutional and cross-border settlement systems [2] - A secure and trustworthy environment is identified as a core guarantee for the token economy, with a global regulatory framework providing legal trust and institutional foundations, emphasizing the need for institutions to build trust from three aspects: asset authenticity, identity compliance, and transaction security [2]