#资产代币化 Clarification of the regulatory framework is becoming a key signal for institutional capital entry. Latest data from Goldman Sachs shows that 35% of institutions see regulatory uncertainty as the biggest obstacle, while 32% believe that clear regulatory policies are the most important catalyst—these two figures indicate a divergence that suggests a market consensus is forming.

If the US market structure legislation can pass in the first half of 2026, it will directly define the regulatory boundaries for tokenized assets and DeFi. This is not only a policy shift but also a signal that institutional capital allocation is being unlocked. On-chain data shows that such expectations are often reflected 3-6 months in advance through large address position adjustments, especially those focused on infrastructure layer projects.

It is worth paying attention to the main theme of asset tokenization—once the regulatory framework is clear, the real demand in the RWA track will shift from expectation to actual application. Currently, focus can be placed on tracking institutional wallet holdings in related ecosystem projects and liquidity trends in DEX pairs of stablecoins and tokenized assets. These on-chain signals usually reflect the true attitude of institutions earlier than official announcements.