According to @julian2kwan, centralized exchanges can no longer compete by focusing only on crypto tokens as decentralized exchanges are taking market share, source: @julian2kwan. The new battleground is real world assets, and compliant distribution requires securities licenses or partnering with IxsFinance, source: @julian2kwan. @julian2kwan states IxsFinance was built DeFi-first to partner with CEXs and fintechs so they can sell RWA to existing user bases, source: @julian2kwan. He adds IxsFinance has partnered with four CEXs reaching 25 million users and with the LINE super app reaching 200 million users, which he cites as evidence and validation, source: @julian2kwan. The post signals Wall Street and CEXs are moving toward RWA, indicating exchange product roadmaps are shifting to RWA to stay competitive, source: @julian2kwan.