#区块链金融创新 Seeing the N3XT case, several on-chain financial innovation signals are worth noting. The $72 million funding round and the participation of leading institutions like Paradigm and Winklevoss Capital indicate that the RWA track is indeed gaining capital recognition.

More importantly, this model design—full reserve system + private blockchain + smart contract automatic settlement—is essentially moving the traditional banking payment and settlement layer onto the chain. From a data perspective, the daily disclosure of reserve status is very interesting, as it means on-chain verifiability has become a core competitive advantage, completely different from the information asymmetry in traditional finance.

The involvement of senior executives from Signature Bank is also a signal. Having experienced the turbulence of 2023, their reactivation of the project shows they still have a clear view of the prospects for digital asset banking. CEO Jeffrey Wallis's background indicates that this is not purely a tech startup, but a team with an understanding of traditional financial logic working on on-chain transformation.

Future observations should focus on: the scale of on-chain capital inflows, the actual onboarding of institutional clients, and the system's performance in cross-border payment scenarios. If data shows continuous large fund inflows and increased on-chain activity, that would validate the feasibility of RWA in practical applications.