I recently saw some data that surprised me: global companies currently hold $8 trillion in cash, but it's mostly "dormant."
Imagine giants like Apple, Microsoft, and Tesla with hundreds of billions of dollars lying around in their accounts, potentially losing hundreds of millions in interest every day. In the traditional banking system, they put the money into short-term government bonds and money market funds, earning meager returns, but the process is slow, cumbersome, and cross-time zone transfers can take days. Not to mention high-frequency operations like cross-border payments, internal fund allocation, and temporary collateralization, all relying on manual labor and outdated systems—inefficiency akin to using a computer to trade stocks.
However, in the RWA scenario, government bonds can be tokenized, moving these "safe assets" onto the blockchain, turning them into programmable, divisible, 24/7 tradable digital assets. We buy today, and tomorrow we can use it as a payment tool, without intermediaries, directly converting the government bonds into tokenized bonds, which the recipient receives instantly, while continuously accruing interest.
This is equivalent to transforming it from a "piggy bank" into a "cash engine." However, it's worth noting that given the excellent experience of tokenized government bonds, why is the entire market currently only worth 9 billion, with a penetration rate of less than 0.1%?
The core pain point is that previous public blockchains simply couldn't handle enterprise-level use.
Imagine a multinational corporation might have tens of thousands of fund transfers daily: payroll, payments for goods, cash flow adjustments, margin calls… each transaction needs to be fast, stable, and inexpensive. But Ethereum? Slow confirmation times. Other L2 blockchains? Severe fragmentation, poor interoperability, and incomplete compliance interfaces.
Enterprises are not retail investors; they cannot tolerate "potential failure" or "uncontrollable costs." Therefore, in the past few years, tokenized government bonds could only be used in static scenarios like "Mint-Hold-Redeem," like locking gold bars in a safe—secure, but unable to circulate.
The emergence of #SeiGiga is like installing a maglev track on a highway. Fully compliant with enterprise-grade technical standards:
· 200,000 TPS (200,000 transactions per second)
· Final confirmation within 400 milliseconds
· Near-zero costs, especially in high-frequency scenarios
→ A company can simultaneously initiate 100,000 cross-border payments without system lag, crashes, or high costs.
→ The financial system can rebalance global accounts in real time, as naturally as breathing.
→ Tokenized government bonds are no longer just "held assets," but true working capital.
Moreover, this #Sei initiative is not just empty rhetoric. The participation of Bhutan's sovereign wealth fund in the validator node is not just ordinary endorsement; it's a vote of confidence at the national credit level. For conservative treasury departments, this is a hundred times more powerful than "VC investment" or "KOL endorsement."
Personally, I believe this enterprise-grade narrative can reach a trillion-dollar scale. The logic is simple: if global companies convert 1% of their idle cash ($80 billion) into tokenized government bonds, the market will increase ninefold. If, over the next five years, with clearer regulations and more mature infrastructure, this ratio rises to 5%, 10%... a trillion-dollar scale is not a dream. More importantly, once companies start using tokenized government bonds for daily operations, a flywheel effect will be created: more usage → stronger liquidity → lower friction → more companies joining. Banks, custodians, and auditing firms will also be forced to adopt this model. Ultimately, this will become a "new operating system" for global treasury management, something to look forward to. 🧐
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