PANews reported on March 19 that according to OKG Research, under the "America First" framework, the U.S. market is seeking a more liquid asset distribution mechanism, and RWA tokenization is becoming the key. Currently, the tokenized T-bills market is worth $4.55 billion, accounting for 24% of the on-chain RWA, but only 0.2% of the U.S. T-bills market. The on-chain asset liquidity layer (RWA + stablecoin) is $243.61 billion, accounting for 0.4% of the U.S. stock and bond markets. If the market penetration rate reaches 5%, the scale can increase to $2.8 trillion, becoming one of the most liquid asset markets in the world.