**Exchanges' Compliance Is No Longer an "Option" but a Survival Bottom Line—RWA Integration with Traditional Finance Becomes a New Breakthrough**

At the recent Web5 Ecosystem Summit, industry experts shared the latest strategic directions for digital asset trading platforms, highlighting two core topics: compliance deployment and RWA applications.

**Compliance Has Become the Foundation for Exchange Survival**

As global regulatory policies continue to tighten, compliance has evolved from a "nice-to-have" bonus to a "necessary element supporting long-term development." An increasing number of leading exchanges recognize that proactively adapting to regulatory requirements in different regions is essential to remain competitive in a fierce market. This not only protects the assets of institutional clients and professional users but also helps establish a transparent and sustainable service system—precisely the core consideration for institutional investors when choosing trading partners.

Against this backdrop, exchanges worldwide are accelerating compliance upgrades for their B2B operations. Whether it’s the strict regulations in the United States or the differentiated requirements in the Asia-Pacific region, top platforms are actively adapting to provide a robust digital asset trading environment for enterprise-level users.

**RWA Becomes a Key Hub Connecting Traditional and Crypto Finance**

If compliance is the foundation, then RWA (Real-World Assets) is the key to unlocking new growth. Tokenization of real assets such as real estate, bonds, and artworks is becoming a new frontier for exchanges to explore.

Some pioneers have already begun in-depth exploration of RWA and are promoting its scaled application. Their collaborations with banks and traditional financial institutions have shown initial results—by building compliant frameworks, making issuance, trading, and circulation of RWAs more efficient, thereby breaking down long-standing barriers between traditional finance and digital assets.

In other words, RWA not only injects blockchain’s high efficiency into traditional assets but also makes these assets globally accessible. A US Treasury bond or corporate bond, in theory, can be transferred worldwide within 24 hours, something traditional financial systems cannot achieve.

**Next Steps for the Industry**

In the future, the integration of compliance and RWA will become a focal point for differentiated competition among exchanges. Platforms that can excel in B2B compliance operations while continuously innovating in RWA will be more likely to attract institutional investors. This transformation will not only change the business model of exchanges but also reshape the relationship between traditional finance and digital assets.