#RWA代币化 Seeing the news that the CFTC has launched a pilot program for digital asset Collateral, I am reminded of a commonly overlooked topic: as asset forms continue to innovate, have our risk defenses kept pace?

BTC, ETH, and USDC have been incorporated into the derivatives market as collateral, which itself reflects the improved status of digital assets in traditional finance. However, I must candidly say that every breakthrough at the institutional level comes with the need for participants to update their risk awareness.

The three-month pilot period is limited to these three types of assets, with weekly disclosures of holdings—this seemingly rigorous framework precisely indicates that regulators are observing cautiously. We participants should also ask ourselves: if I allocate these types of assets as a long-term position, what do I truly understand? Is it the underlying value of the token itself, or am I just following the policy trends?

My advice is simple: do not change your position strategy just because of "official recognition". A reasonable asset allocation should stem from a clear understanding of one's own risk tolerance, rather than being driven by external events. Those truly sound investors tend to be more cautious when policy benefits arrive, because they know that a sound system is just the foundation; self-discipline is the long-term moat.