#bstockscis @BinanceCIS I spent two hours this evening rereading the specifications for the bStocks architecture. The current surge in interest in RWA has made me reconsider my views. Previously, I saw bStocks as just an ordinary layer for stock market speculation within an exchange. But under the hood, it uses the integration of custodial accounting combined with on‑chain proofs to create verifiable balances that remain legally clean. This made me realize that I had simplified the task for this sector too much. For an ordinary crypto enthusiast, “buying an Apple stock with USDT” sounds like a вполне understandable goal. But for organizations operating under strict regulation, if everything is completely transparent or, conversely, detached from reality, this will turn into a problem. They still need the ability to verify collateral, confirm rights to dividends, or prove to regulators that the process fully complies with compliance requirements, without fully disclosing the owners’ personal data. From this perspective, bStocks is not just trying to tokenize securities on another blockchain. What’s more noteworthy is how they are trying to resolve the eternal contradiction between regulators’ requirements and on‑chain verifiability. I’m still not sure that this architecture alone, by itself, already guarantees the total success of RWA. It is precisely the upcoming scaling and listings of new companies that will be the stage when these ideas will have to be tested in real practice. But I want to keep observing how this system works when truly “live” and legal financial processes are launched on it. $ACE $AKE $SPCXB