# RWA — X 热门讨论 (2026-10-02 10:23 UTC)

## @JefferyCrypt (JΞFF🧸) · 10-02 08:20 · ♥150 ↻5 💬26 Two people can both have the same stock onchain and be holding completely different tokens, at different prices, on different chains.

I looked at Microsoft on @coingecko's RWA page to see what that actually looks like, and it's tracking nine Microsoft tokens from eight issuers, including Ondo, xStocks, Coinbase and Robinhood. At the same moment, their prices ranged from $514.81 to $518.88.

The page also shows what happens when Nasdaq closes. The stock price stops, while the tokenized price keeps moving through the night .

And most of the Microsoft trading onchain isn't in the tokens at all. Perps did about 12 times more volume than every Microsoft token combined.

If you want to see how your favourite stock looks onchain, the full list is here: https://t.co/1zi2vwKYxZ https://x.com/JefferyCrypt/status/2105935906117128673

## @MPC_Global_X (MPC Global) · 10-02 05:04 · ♥51 ↻40 💬20 📍 Tsagaan Tolgoi, Mongolia.

These are real photos from the ground as exploration work gets underway at Tsagaan Tolgoi.

🔎 Current stage: Exploration

But exploration is only the first step in a much longer mining journey: Exploration → Development → Mining → Processing → Distribution → Closure & Restoration

Every stage of that journey creates real-world activity, data, records, and decisions.

MPC is building infrastructure to connect this real-world mining lifecycle with the RWA ecosystem. From the ground in Mongolia to the on-chain world. ⛏️ https://x.com/MPC_Global_X/status/2105886661683085594

## @0xWINNYx (Winny) · 10-02 09:19 · ♥51 ↻8 💬11 The stablecoin market is heading toward a more complicated collateral stack.

USDe has historically relied heavily on crypto assets and derivatives for its backing and yield strategy.

Now @ethena is expanding that strategy into tokenized equities.

Binance’s bStocks will serve as tokenized spot backing assets.

Ethena can then hedge the exposure using equity perpetuals.

The structure is interesting:

→ tokenized equity

→ derivative hedge

→ stablecoin backing

→ yield generation

That means a tokenized stock isn’t just becoming something you can trade.

It can potentially become part of the infrastructure supporting another financial asset.

This is where RWA and DeFi start overlapping.

The traditional view is:

“tokenize stocks so people can trade stocks onchain.”

The more interesting view is:

“tokenize stocks so they can become building blocks for new financial products.”

That second market could be much larger.

Because once an asset becomes programmable collateral, its usefulness isn’t limited to its own market.

It can become part of another product’s balance sheet.

That is when tokenization starts creating second-order effects. > 引用 @ethena: Ethena is partnering with @Binance as our first venue for the extension of the basis trade into equity perpetuals, one of the most exciting updates to the USDe collateral backing since launch.

This expands the addressable market of underlying collateral from $2.5 trillion of crypto to $150 trillion+ of real-world assets.

As part of the partnership, bStocks will serve as tokenized spot collateral, hedged with Binance USDT-denominated equity perpetuals - the same delta-neutral structure Ethena has securely executed across crypto assets since inception.

Importantly, Binance provides lower ADL priority for eligible delta-neutral accounts including Ethena's, adding another layer of risk mitigation for USDe holders.

Binance equity basis has averaged ~11%+ annualized over the past 6 months, while open interest has grown on average ~30% per month in the last 3 month period.

We expect the market opportunity size for equity perpetuals to far exceed the $15b+ of crypto perpetuals captured by Ethena last cycle.

Allocations begin today. https://x.com/0xWINNYx/status/2105950868067492250

## @RWAFoundation_ (RWA Foundation) · 10-02 08:51 · ♥55 ↻5 💬6 It’s time to tokenize all financial assets. https://x.com/RWAFoundation_/status/2105943694020866235

## @linenmito (linenmito) · 10-02 09:50 · ♥41 ↻1 💬16 This week on @variational_io, we closed out with 89,111K+ Points on this account while still holding #2 on the leaderboard.

Our Variational stats now stand at:

- 89K+ Points - #2 on the Points Leaderboard - About $5B Total Volume (including referrals) - $1M+ Total PnL - Our most traded assets are: $BTC, $HYPE, $ETH, RWA, and SWAP markets

We are still targeting 100K points before TGE

gVAR https://x.com/linenmito/status/2105958708966539725