UBS with a 2 trillion yuan talking about tokenization: RWA will force banks to compete harder, and services will all have to be broken down into modules. Put simply, deposits and wealth management become like LEGO—customers can mix and match as they please, and the days of just lying back to collect rent are over. The most ironic part is that this was said by the banks themselves—it's like they’re tearing down their own moat 🧱. The old-guard money players have already set the tone: RWA isn’t a one-night-stand story; it’s the long-term main course.

$BTC #RWA #Tokenization