# RWA — X 热门讨论 (2026-09-26 06:23 UTC)
## @Udoh_Graceee (modern day woman 📿) · 09-26 04:49 · ♥51 ↻7 💬45 The Fed just raised rates to 3.75%–4.00%.
And there’s an interesting side effect for crypto.
Higher rates can mean higher yields on Treasury assets held in stablecoin reserves, creating more income for issuers. But holding regular USDC or USDT doesn’t automatically mean you receive that reserve yield.
That’s where the stablecoin, Treasury and RWA connection gets interesting.
As capital moves between TradFi and crypto, I’ll be watching where the next rotation happens.
Trading the broader market? @BingXOfficial is where I’m watching it.
#Stablecoins #RWA #BingX https://x.com/Udoh_Graceee/status/2103708543664664716
## @Zee_zartt (Pretty_zee🩵) · 09-26 05:28 · ♥41 ↻14 💬24 KiiChain just turned “where do I find this?” into “it’s all in one place.”
They just integrated Ground to bring multiple DeFi and RWA yield vaults into the KiiChain experience.
⥂ Centrifuge ⥂ Bitwise ⥂ Aave ⥂ Morpho ⥂ Syrup
if you’ve spent enough time onchain, you already know the usual problem:
you find something interesting on one protocol, then something else somewhere different.
different protocols, different interfaces, different places to manage everything.
eventually, keeping track of where everything lives becomes the headache.
that’s where this integration matters.
multiple providers are now available through one integrated experience.
so instead of jumping between different platforms, users can access and manage onchain yield opportunities across multiple providers, from all currencies, in one place.
that’s the real shift here.
the headline says yield vaults.
but the product unlock is access.
multiple providers. multiple vaults. one place.
and that makes the experience easier to navigate without turning it into a hunt across different platforms.
explore what KiiChain has shipped at https://t.co/HwCTGNSSyc
and follow @KiiChainio to keep up with the ecosystem’s continued expansion. https://x.com/Zee_zartt/status/2103718408923619603
## @2xnmore (2xnmore) · 09-26 04:00 · ♥61 ↻9 💬6 Everyone bought the BlackRock name. Nobody checked who gets paid.
Before I touch any branded RWA token, I ask three questions.
Who legally owes the holder anything?
Who gets paid every single day the product exists?
Does any of that money ever reach the token you hold?
On Ondo Portfolios, the first two both point to Ondo the company.
The third is still blank for $ONDO.
A famous logo answers none of these questions.
The documents answer all three. > 引用 @2xnmore: BlackRock did not put a fund onchain.
It sold Ondo a recipe, kept a fee conflict in the footnotes, and took no duty to the people holding the token.
That is the part almost nobody is reading.
The market heard "BlackRock portfolios as a token" and priced a fairy tale: the world's largest asset manager is now managing money onchain.
Read the product. That is not what launched.
BlackRock supplied a nondiscretionary model.
A model is a target mix on a slide. It is not a mandate, not a fund, and not a client relationship.
Ondo then does the real work.
It picks how to implement the model, issues the token, trades the basket, runs the rebalance, takes the service fee, and sits between you and the underlying stocks.
BlackRock is explicit about what it is not.
Not the adviser. Not the manager. Not the sponsor. Not the distributor.
It has no discretion and no duty to tokenholders. It makes no promise the onchain portfolio even stays in line with the model, and it has no obligation to keep updating the strategy.
So the headline is institutional.
The legal structure is a white label allocation engine with a famous name on the lid.
Now the angle most people miss.
BlackRock can put its own funds inside those models.
If the onchain portfolio buys BlackRock managed products, BlackRock and its affiliates get paid for managing those funds.
The disclosure says the quiet part out loud: that creates an incentive to design a mix that routes more compensation back to BlackRock.
So "powered by BlackRock" can mean two things at once.
The allocation looks institutional. The allocator has a reason to prefer its own shelf.
That is not a conspiracy. It is how model portfolios have worked in TradFi for years.
Ondo just put the same machine onchain and gave it a ticker.
Then look at what you actually own.
You do not own the stocks. You do not get voting rights. You do not get a fund share.
You get economic exposure to a basket of Ondo's tokenized stocks and ETFs, packaged as a separate security issued by Ondo.
Dividends get reinvested, minus withholding.
A service fee bleeds out of the token price every day.
Mint and redeem cost extra at the constituent level.
The platform can keep a spread between the quote it shows you and the price it transacts in the underlying.
That is not an ETF with a BlackRock wrapper.
It is Ondo becoming the asset manager, using BlackRock as the model vendor.
The new part is not the logo. The new part is that this whole package is a token.
A token can be posted as collateral. It can sit under a perps position. It can go inside another portfolio.
Ondo's own roadmap says the end state is a single token that mixes stocks, ETFs, perps, crypto, options and hedges.
That is the real shift.
Allocation itself becomes composable leverage.
Which is why the ethereum:0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3 question is sharper than "is this bullish."
Ondo just moved from selling ingredients to charging for the meal. The fee logic is inside the product.
What is still missing is any clean statement that those fees, that spread, or that future "portfolio of everything" flow back to the token.
BlackRock extracted the valuable thing it actually owns: model IP and brand, with limited operating risk and a disclosed conflict.
Ondo extracted the valuable thing it actually owns: issuance, inventory, rebalancing, geography and DeFi rails.
Tokenholders are being asked to assume they sit in the middle of that stack.
Until the fee switch is visible, this is not proof that ethereum:0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3 became an asset manager.
It is proof that Ondo did.
The market is celebrating the brand. The product is a licensing deal with a rebalancing bot.
https://t.co/p6xL4d9VZZ https://x.com/2xnmore/status/2103696061739253810
## @DombaEth27 (Domba.Eth) · 09-26 04:15 · ♥46 ↻3 💬3 BREAKING: Bitwise meluncurkan RWA Vault di $SUI dengan target 10%+ net yield melalui strategi leverage.
Aset di dalam vault juga bisa digunakan sebagai collateral di Bluefin Lend.
RWA + DeFi + leverage ? Semakin terintegrasi di ekosistem $SUI. https://t.co/1NVEhcBcvl https://x.com/DombaEth27/status/2103699845571846520
## @I4NFTS (👀 🐂🀄️) · 09-26 00:48 · ♥40 ↻3 💬2 $AI is such a fantastic RWA experiment for what a coin community can do alongside tokenized stocks
It basically takes the community of a memecoin, which we know is insane and can pull more mindshare than most companies
And turns that mindshare into accumulation of stock in the top companies in the world
The more volume and holders that $AI and the @longdotxyz ecosystem can attract, the more stock that compiles into the community vault
Trading volume on $AI puts $NVDA into the vault and trading volume on other pairs after the update today puts a plethora of other stock into the vault
Tradfi’s biggest knock on memes and why they always say they are worthless and they won’t touch them is because there is no intrinsic value. There is nothing backing them at all. Well now that’s solved.
Now you not only have the memecoin community side, you also are stacking stock in the top companies into a community owned vault while onboarding new holders.
$350k worth of $NVDA in the vault already and soon a lot of other company stock too https://x.com/I4NFTS/status/2103647907308023888