Recently, the report from the President's Working Group released by the Commodity Futures Trading Commission (CFTC) painted a picture of the future of the U.S. digital market. In this vision, stablecoins, tokenization of government bonds, and Programmability financial infrastructure will become core elements.

The report particularly emphasizes a key institutional application scenario: tokenization technology is expected to improve the collateral market through atomic-level settlement and alleviate liquidity demands in bilateral and multilateral clearing.

It is worth noting that BounceBit has taken the lead in this field. Its product BounceBit Prime introduces a new financial primitive: structured yield strategies backed by real-world assets (RWA). In this strategy, tokenized government bonds are not only held but also used as cleared collateral.

Specifically, the innovation of BounceBit Prime is reflected in the following aspects:

1. Collateral Strategy Design: Prime integrates BlackRock's BUIDL and other tokenized money market funds as collateral into a modular strategy. This design simplifies bilateral complexity while achieving a combination of fixed-rate government bond yields and the difference between native crypto financing and arbitrage.

2. Infrastructure-level composability: BounceBit's underlying layer is EVM compatible and secured by the Bitcoin network. This allows positions based on RWA to flow across multiple domains such as staking, structured products, and cross-margin trading. Whether centralized exchanges or self-custodied assets, they can seamlessly access the system and enjoy transparent strategy logic and settlement channels.

3. Execution Layer Integration: By connecting deep liquidity venues and institutional custody partners, BounceBit supports cross-venue hedging, automatic rebalancing logic, and convenient deposit and withdrawal channels, all of which possess native on-chain transparency.

BounceBit's innovative practices not only respond to the future vision depicted in the CFTC report but also demonstrate the profound impact of tokenization technology on financial markets in practical applications. With the continuous development of these RWA-based innovative financial products, we have reason to anticipate the arrival of a more efficient and transparent digital financial ecosystem.