As a blockchain developer who built DeFi protocols at Ethereum Foundation, I witnessed RWA’s dawn in Hong Kong. This isn’t hype — it’s the quiet consolidation of real assets onto chain, driven by legal clarity, not speculation. The WCS·2025 RWA Congress wasn’t just another conference; it was the moment legacy finance met smart contracts. I saw compliance become the new capital structure — not a constraint, but the key that unlocks trillions in illiquid value.