RWA gets measured by how much value gets tokenized. I think that’s the wrong metric. Tokenizing the asset is becoming table stakes. Custodians can do it. Banks can do it. DTCC is about to do it at scale. The harder question is what happens after the asset is tokenized. Because an asset sitting onchain with no activity is just a database entry with better marketing. That’s why @cancore_io is interesting. Do you know this project? Since April, it’s facilitated $50M+ in volume, with ~760 trades a day, and tokenized assets on Canton settling against liquidity from public chains. The signal isn’t how much value exists onchain. It’s how much of that value actually moves. Tokenized supply tells you what exists. Trading volume tells you what works. Do you agree?