In the privacy public chain sector, zero-knowledge proof technology has indeed become a must-have option. There is a project that is focusing on this direction to enable RWA compliance on-chain, digitizing real-world assets while protecting privacy. This approach is quite interesting. Regarding the ecosystem tokens, they serve a dual purpose: facilitating governance to involve community decision-making and supporting staking to generate yields. The dual attribute design is quite good. Recently, we have seen institutional collaborations being implemented one after another, indicating some progress in the commercialization of this chain. The combination of the privacy track + RWA concept is definitely worth paying attention to in the current market environment. We will wait and see how it performs as more applications go live.