From Bitcoin to national debt on the chain, on-chain finance is devouring the old order of the real world

The arrival of the era of on-chain assets and structured finance

In the past decade, the birth of Bitcoin has been seen as a wild challenge to the central bank's credit system. But what is really alarming is not the idealism of "peer-to-peer electronic cash", but the deeper financial system migration it has triggered: global capital is migrating from traditional ledgers to on-chain ledgers;

Traditional assets are leaping from closed financial structures into an open world driven by structured finance and smart contracts.

This is not as simple as "replacement", it is devouring.

The original accumulation on the chain starting with Bitcoin

Bitcoin does not rely on central endorsement, but uses blockchain to reconstruct the definition of "rights confirmation" and "circulation". It allows the world to see for the first time that a self-running value system can be built without relying on intermediaries, only with code and consensus rules.

It opened the seeds of decentralized finance, but this is just a prologue.

DeFi: The first explosion of the financial application layer

From 2019 to 2021, the rise of DeFi marked the rapid transition of blockchain from the asset layer to the protocol layer/financial layer.

Mortgage lending, automatic market making, and yield aggregators gradually replaced the basic services of centralized finance;

Users no longer trust institutions, but trust code and incentives;

"Money has become smarter", but capital is still limited to on-chain land grabbing.

DeFi is only the on-chain of financial instruments, not the on-chain of real assets.

It was not until the maturity of the concept of RWA (Real World Assets) that the gates of on-chain swallowing of real assets were truly opened.

Treasury bonds on the chain: the highest symbol of traditional finance has begun to be structured by Web3

In 2023, unprecedented signals appeared on the chain: U.S. Treasury bonds, as the world's most stable financial assets, were introduced on the chain in the form of tokens for the first time.

🚨 Asset management giants such as BlackRock, Franklin Templeton, Ondo, and Matrixport have begun to pilot "Treasury Bond Tokenization";

🚨 MakerDAO uses on-chain Treasury bond yields to support Dai's anchoring;

🚨 The US government has begun to study the regulatory framework for CBDC and asset mapping;

This is not just digital mapping, but the migration of the credit anchoring system, which indicates that:

Sovereign credit, energy assets, real estate, carbon tickets, electricity - all are becoming structural units on the chain.

The next step of on-chain finance: structured engulfment

Structural products in traditional finance (structured bonds, insurance strategies, return combinations) are only open to professional institutions, but Web3's structural finance is breaking down barriers.

Once this type of structural logic is combined with asset mapping, it will produce:

Multiple income path combinations (fixed + floating + excess dividends);

Can be authorized to be entrusted to AI Agent for execution (automatic risk control, profit sharing);

Assets can be sliced ​​and circulated (NFT / SBT / Trust-DAO);

The meaning of all this is: Assets are no longer just "owned", but "structured participation".

Who will take over the new financial order? RAI Protocol came into being

RAI Protocol is an on-chain protocol platform with RWA as the core, AI Agent as the execution, and structural finance as the product. It is not a simple asset on-chain, but the realization of:

Compliance mapping of real assets + multi-dimensional structured release;

Automatic execution of AI-custodied income strategies;

Decentralized structural income distribution;

It is this closed-loop system of "from assets to structure, from structure to profit sharing" that constitutes the key to swallowing the old financial logic.

RAI Protocol is a bridge connecting traditional financial value and decentralized intelligent logic.

Its core mission: to unleash the liquidity and intelligence of real-world assets, allowing every value to be participated in, co-built and shared by users around the world.