RWA and DeFi Converge in Crypto Market Shift

HTX Research has released a report titled From Asset Tokenization to Cash-Flow Tokenization, examining the intersection of RWA (Regulatory Working Assets) and DeFi (Decentralized Finance). The study suggests that these two areas are converging into one financial loop.

The report argues that RWA tokenization and DeFi cash-flow valuation represent a shift from 'asset existence' to 'asset utility,' and from 'protocol usage' to 'protocol profitability.'

HTX Research's analysis points to the crypto market transitioning towards a more practical application of blockchain technology.