Yusong Wang(Head of Partnerships & Growth, FOMO Group – RWAlpha Strategic Partner)
Core Thesis: Regulatory licenses are the foundation of a complete RWA ecosystem. While the DeFi narrative has its limits, RWA is backed by real underlying assets that provide long-term sustainability.
•FOMO Group was founded in Singapore in 2015, starting with cross-border payments under its MPI license and expanding into capital markets in 2023. Its core strengths lie in three key licenses: a Digital Payment Token (DPT) license, a Capital Markets Services (CMS) license covering brokerage and custody, and a Recognized Market Operator (RMO) license for RWA tokenized secondary trading. Together, these licenses support the entire lifecycle from on-chain issuance and secondary trading to fund inflows and asset custody.
•The partnership with RWAlpha is essentially “plug and play.” RWAlpha specializes in on-chain RWA and DeFi product design, as well as compliant on-chain asset management. FOMO provides the licensed off-chain infrastructure, including payments and custody. Together, they form a naturally complementary and complete RWA ecosystem.
•The financing narrative of DeFi has limitations. Much of its yield comes from on-chain arbitrage and token incentives, making it vulnerable during market downturns. RWA, on the other hand, offers predictable returns, auditable structures, and exposure to real underlying assets. We expect capital and market attention to continue shifting toward RWA throughout the second half of 2026 and into 2027 and 2028.
•One of the most exciting areas to watch is the tokenization of AI-related equity assets, including private companies such as OpenAI, Anthropic, and SpaceX. Retail investors and high-net-worth individuals around the world are eager to gain exposure to these companies, yet traditional investment channels remain inaccessible. This represents a genuine and growing demand for RWA solutions.