Recently, there has been new activity in the RWA track. There's a project called TALOC, and what it does sounds quite interesting—it is a next-generation RWA protocol built on the XRP Ledger, with the core logic of transforming "dead" assets from the real world (such as real estate, bonds, accounts receivable) into active assets and bringing them onto the chain.

In simple terms, it creates a direct high-speed financial channel for physical assets on the blockchain. Traditional assets have poor liquidity and long transaction cycles, but through tokenization, their value can be significantly revitalized.

How does it work specifically? The core functions are divided into several parts:

First, **Asset Tokenization and Issuance**. Companies convert real-world assets like office buildings and supply chain accounts receivable into on-chain tokens, and these tokens are backed by real assets, not created out of thin air.

Second, **Multi-layer Lending Ecosystem**. Tokenized assets can be used directly as collateral for borrowing on the platform, greatly improving capital utilization efficiency.

Third, **Security and Transparency**. The platform has built-in tools for secure auctions and ownership management of shares, with all interactions running within the same system, making the entire process traceable and participants assured.

More importantly, TALOC recently completed testing within the UK FCA's regulatory sandbox based on the XRP Ledger. What does this mean? It means that this scheme has passed regulatory review, which is a tangible progress for the implementation of the entire RWA field. Research shows that projects participating in the regulatory sandbox may see subsequent financing performance improve by 50%, so this is not only a technical validation but also a reflection of capital confidence.