From Logistics Certification to On-Chain Assets: A New Approach to Merging in the New RWA Platform

2026-01-05 13:20:10

【Crypto World】Recently, there is an interesting merger case. A company listed on the NASDAQ and a blockchain enterprise Open World are planning to integrate, with the core focus on tokenizing real-world assets (RWA) at the enterprise level.

The equity structure of this deal is quite clear—after the merger, Open World’s shareholders will hold approximately 90% of the shares. How do the two parties plan to proceed? In simple terms, they intend to leverage the listed company’s expertise in logistics and certification, combined with Open World’s existing blockchain infrastructure, to build a secure and compliant digital asset application platform.

It sounds very aligned. Logistics + certification means supporting real offline assets, while blockchain technology handles on-chain circulation and transparent record-keeping. This combination indeed offers a viable approach for the RWA track—the missing piece is such infrastructure that connects the real world with the on-chain world.

Currently, both parties are in exclusive negotiations, with 60 days to finalize the agreement terms. How they proceed next is definitely worth paying attention to.

RWA1,19%

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StablecoinSkeptic

· 01-07 10:59

RWA really needs a bridge like this, but the key is whether it can truly be implemented, not just compliance talk. Open World, that name sounds like they dare to do anything... Giving them 90% of the shares is a pretty big gamble. Logistics certification combined with on-chain, theoretically perfect, but in practice? Such cross-industry mergers are never easy. Wait until the exclusive negotiations are over, it's too early to hype now. A listed company on Nasdaq + blockchain, this combo usually ends in a dead end, I choose to wait and see. Asset tokenization sounds appealing, but I'm worried it might just turn into another storytelling fundraising tactic. Backed by real assets sounds good, but who guarantees those "real assets" are truly valuable? We've heard the "compliance platform" story too many times. Could the next one be a black swan?

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ChainDoctor

· 01-05 13:47

90% ownership stake to Open World, this is like forcibly transforming traditional listed companies into on-chain assets, a bit harsh. Logistics + certification + blockchain, sounds perfect, but whether it can really be implemented is another question... Let's see who can make it to the end. The RWA track lacks such infrastructure, but what’s more lacking are truly valuable assets being tokenized. Right now, there are a bunch of vapor projects. If this merger really happens, combining the traditional certification capabilities of the NYSE with on-chain transparency could open up some imagination space. But I worry it’s just a nice story that’s hard to actually implement. The exclusive negotiation period is ongoing; we’ll wait and see what happens next. However, the backing of a listed company behind it is still worth paying attention to.

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LightningHarvester

· 01-05 13:42

I think the key to this matter still depends on whether the logistics system of that listed company is reliable, otherwise even the best on-chain infrastructure is just empty talk. Open World indeed thought things through, but giving 90% of the shares to them, doesn't that make the listed company's say too weak? Everyone wants a piece of the RWA track now, but few can really land it; even if these two merge, it’s not necessarily a success. Honestly, the logistics certification part sounds high-end, but I’m worried it might end up being just a tool for cutting leeks; trust is the most valuable. Let’s wait until the negotiations are over; no matter how good the hype now, it’s just armchair strategizing. There are a bunch of merger cases, but truly penetrating both online and offline is rare; we still need to wait for the product to land. This idea is indeed innovative, but it still feels far from real application.

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LiquidationHunter

· 01-05 13:39

90% ownership stake to Open World shareholders? This merger idea is indeed interesting, logistics + certification + on-chain, it finally seems like someone is trying to truly connect real-world assets. If logistics certification can really be made transparent, the RWA track might no longer be just air. Wait, the listed company on Nasdaq is diluted to 10%? That's a pretty harsh move... Open World indeed copied accurately this time, but there are too many pitfalls in bringing real-world assets on-chain. It all depends on whether they can truly run the audits and circulation smoothly. Compliance, compliance, again compliance... sounds good, but let's wait until they actually pass regulatory scrutiny before saying more. Isn't this just a textbook combination of traditional enterprises and on-chain solutions? But on the other hand, if it can truly be implemented, the RWA track might undergo a major change.

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AlwaysQuestioning

· 01-05 13:38

90% stake to Open World? That's a bit aggressive. Is the publicly listed company really going to be diluted like this? Logistics + Certification + On-chain, sounds good, but whether it can be implemented is another matter. RWA has been popular for so long, but there are really only a few solutions that truly address the trust issue. We don't know what will happen during the merger; let's observe the progress. I agree with this logic, but who will vouch for the authenticity of the offline assets?

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