After spending a long time in the circle, many people have become numb to the word "compliance," and even see it as the enemy of "decentralization." Currently, most projects claiming to be RWA follow similar routines—setting up a temporary team on-chain, relying entirely on a single application layer for compliance. Once cross-application interactions are involved, legal risks explode like a thunderclap. However, recently I saw a project deeply integrated with traditional financial institutions, which truly opened the industry's eyes.

The logic behind this cooperation is quite straightforward: the project team partners with a licensed financial institution in Europe, directly bringing real-world financial instruments onto the blockchain. The key is that privacy and compliance are not added later; they are built into the architecture from the very beginning. This is no longer a story of "I have a partner," but rather an endorsement from a complete financial ecosystem.

Specifically, this licensing combination is quite powerful: MTF (Multilateral Trading Facility license), broker license, ECSP (Crypto Asset Service Provider license), plus the ongoing DLT-TSS. These are not just makeshift licenses; they are recognized and solid licenses approved by the EU.

The MTF allows them to operate a proper secondary securities market; the broker license grants access to high-quality assets like money market funds and bonds, ensuring optimal price execution; the ECSP opens up retail funding channels across the entire EU. In other words, this project has taken on some of the most difficult parts of traditional finance all at once.