[GOPAX Research] RWA and the Financial Revolution: On-Chaining Everything The RWA (Real Asset Tokenization) of 2026 can no longer be viewed as a fleeting narrative or an experimental theme. The market has already moved beyond the stage of asking “what can be tokenized” to a stage where it assesses “which assets create the effect of replacing actual financial infrastructure.” As a result, the central axis is converging on U.S. Treasuries and gold, while simultaneously, chain competition is evolving not merely into a competition for TPS, but in the direction of functional differentiation between payment and settlement. RWA is not merely a technology for digitizing assets; it is closer to replacing financial plumbing by redesigning the systems of issuance, custody, settlement, collateral, and reporting. ✍️Read the full GOPAX Research report: academy.gopax.co.kr/rwawa-geum...…