In the past two years, we have seen quite a few RWA US stock tokenization projects, but to be honest, the market has never experienced a boom like DeFi Summer. Where is the problem? Ultimately, most platforms are still doing the "price trading + betting" gameplay, which neither supports collateralization nor integrates into the DeFi ecosystem for combined use. As for routine financial operations like dividends and stock splits? They rely entirely on the platform's own credibility guarantees, without a complete smart contract system to ensure execution. This is precisely the core gap between RWA tokenization and true DeFi infrastructure— the former remains at the trading level, while the latter is programmable, composable, and trustworthy financial infrastructure.