In-depth crypto research and digital asset analysis by EX.IO Research Institute. Covering Bitcoin, stablecoins, RWA tokenization, and Hong Kong virtual asset regulation.
While the market is still arguing over whether the Fed will hike again this year, the real shift has already happened: the tightening has been done by the bond market itself, and the language of asset pricing is switching from “what the Fed said” to “whose cash flow is real.”
Once AI agents can spend bank deposits, the battle for the AI economy’s settlement layer shifts from a technical challenge to an institutional one: whose funds, rails, and risk controls will dominate?
War has not lifted bond prices, and turmoil has not held up gold. As the old playbook — buy Treasuries for safety, buy gold in wartime — fails on both counts, the hand now stringing the four asset classes back together is the real interest rate.
It does not rewrite the legal or credit logic of the asset. It turns a share, an income right or a note claim into a digital record that can be subscribed for, and transferred, inside a compliant framework.
Protect capital first, pursue returns second. Once your capital suffers a major drawdown, the difficulty of recovering rises exponentially.
2026-07-07
RWA Lab
Powering the future of STO and RWA projects. Enabling issuers to launch tokenized assets effortlessly, while delivering investors cutting-edge opportunities.
Wonderland with Amusement Park
New
Utility Token
Underlying industry
Entertainment
Profit model
Revenue sharing of offline amusement park income and online game income
Application scenario
Offline: Tokens serve as records of amusement park participation, enhancing user engagement and facilitating in-park spending. Online: points earned online can also be used for consumption and redemption in the park, with all redemptions settled in real-time.
Dividends
Periodical distribution
Yield
Revenue-sharing rights + VIP access pass + status symbol + offline redemption
Pearl Project
New
Profit-Sharing
Underlying industry
Jewelry
Profit model
Pearl Extraction Service Fee+ Secondary Market Trading for Extracted Pearls+ Profit Recovery through Value Spread
Application scenario
Through online live streaming of pearl oyster/mussel opening, users can interact directly. After the pearls are revealed, users have the following options: 1 Physical delivery and mailing;2 Direct secondary market trading on the platform;3 Sell back to the platform at a quoted price.
Dividends
Event-driven distributions
Yield
Distributions to investors based on the option they choose to deal with the pearl.
Student Housing
New
Profit-Sharing
Underlying industry
Real Estate
Profit model
Student housing investment fund in profit sharing mainly from rent
Application scenario
Portfolio profit sharing
Dividends
Half year distributions
Yield
Stable cash flow Annual cash yield of 9.04%. Average occupancy rate reached 98.09% in the 2023-24 academic year, with rent collection rate remaining above 98.5% even during the pandemic.