DMZ Finance, an RWA infrastructure platform headquartered in Singapore, announced today that its incubated project "RWA Trustworthy Intermediate Layer" RWAlpha is about to officially launch.
Article author, source: RWAlpha
On December 24, 2025, Singapore——DMZ Finance, an RWA infrastructure platform headquartered in Singapore (hereinafter referred to as "DMZ"), announced today that its incubated project "RWA Trustworthy Intermediate Layer" RWAlpha is about to officially launch.
RWAlpha is a permissionless RWA DeFi protocol, with its management and operational team based in Hong Kong. The project aims to build a "trustworthy RWA intermediate layer infrastructure" to seamlessly integrate RWA Tokens into the on-chain ecosystem in a reliable, transparent, and compliant manner, providing high-quality RWA sources for DeFi world, centralized exchanges, lending protocols, yield aggregation protocols, and U card applications.
RWAlpha has appointed Duke Shi as the Chief Executive Officer. Duke has over 12 years of experience in the financial industry, having served as the head of the proprietary investment business department at Huaxing Capital, responsible for digital asset investments and quantitative strategy investments. Prior to this, he worked at Haitong International Securities as the deputy head of the asset management department, and served as a Responsible Officer for companies holding license numbers 1 / 4 / 5 / 9 from the Hong Kong Securities and Futures Commission, overseeing secondary market equity and bond investments for Hong Kong SFC approved funds and Cayman funds.
When discussing the positioning of RWAlpha's 'RWA Trusted Intermediate Layer', Duke stated that the mainstream Layer 1 RWA Tokens in the current market, such as BUIDL, BENJI, and the first compliant tokenized money market fund QCDT approved by the Dubai Financial Services Authority, issued in collaboration by DMZ with Qatar National Bank and Standard Chartered Bank, are restricted by compliance requirements, generally fall into the whitelist-type Tokens, cannot be freely transferred, and must be sold to qualified investors after a high subscription threshold and relatively complex AML/KYC processes. Meanwhile, there is an increasing demand for permissionless RWA assets from centralized exchanges and on-chain financial management and lending protocols, leading to a significant structural supply-demand gap between the two.
'This gap urgently needs to be bridged by an intermediate layer, commonly referred to as DeFi Wrapper.' Duke pointed out that the DeFi Wrapper protocols currently available in the market often operate anonymously, and the corresponding relationship between the Wrapped Tokens they issue and the underlying real-world assets or Layer 1 RWA Tokens lacks a public transparency mechanism, making it difficult to verify and audit, which can easily lead to governance and credit risks, and this is one of the important reasons for the risk events of some stablecoin projects previously.
As a 'Trusted Intermediate Layer', the infrastructure built by RWAlpha has the following three core characteristics:
1. Trusted Team: The project management team operates with real-name verification, and the core members have publicly verifiable resumes;
2. Transparent Governance: Wrapped Tokens are strictly one-to-one corresponding to the underlying (Layer 1) RWA Tokens, verifiable and auditable;
3. Compliant Architecture: Adopt a compliant issuance structure and institutional-level operational processes to ensure asset security and controllable risks.
It is reported that RWAlpha has currently entered the internal testing phase and plans to officially launch in early 2026. Industry insiders believe that the project's launch is expected to drive RWA DeFi protocols into a more trustworthy, transparent, and compliant development stage.