To put this Cambrian explosion of RWA activity into context: I suspect most folks outside of select industries wouldn't have heard of SK Hynix until a few months ago. Today it makes its debut to US markets via the largest ADR offering in history ($26.5bn).
A South Korean semiconductor company and the world's second-largest memory chip manufacture, despite being more than 40y old just now became accessible to US investors.
Market access needs to be fundamentally redefined for a global, 24/7 world.