Novastro – Analysis of RWA Infrastructure Leading Strategy in Pre-Mainnet Stage Novastro defines itself not as a vertical issuer but as a horizontal infrastructure provider in the vast RWA tokenization market. The core is a Digital Twin Container (DTC) structure that matches legal entities (SPV) with on-chain smart contracts 1:1. While firmly anchoring asset ownership and regulatory logic on Ethereum, it expands execution and distribution across multiple chains such as Arbitrum, Sui, and Solana. This architecture clearly emphasizes a "compliance-first" nature, allowing users to experience cross-chain movement within the abstraction of gas fees and payment flexibility (ETH or NOVAS). Additionally, the AI-based compliance layer that Novastro promotes routes RWAs within pre-set regulatory guardrails and automatically generates reports, effectively functioning like a regulatory-friendly L3 operating system. Despite being in the pre-mainnet stage, sufficient experiments akin to real use have been accumulated. The testnet observed 400,000 wallets, over 2 million transactions, and a peak TVL of $25 million, with active issuance and trading of physical digital twins centered around real estate. The integrated Tiamonds case on June 18, 2025, demonstrated the process of issuing diamonds, gold, silver, and platinum as ERC-721/20 and moving them across chains, while the participation of issuers like Welf Finance, DualMint, MAIV, and PropChain shows that Novastro is effectively gathering an issuer network. The chain router is already handling over 120 projects and more than 15 issuers, and the confirmation of live bridging to Solana at the community level is also significant. In the competitive landscape, Novastro's strengths lie in its modular cross-chain and multi-VM (Move + EVM) combination and the fresh weapon of AI compliance. In contrast, Ondo Finance targets specific asset classes like U.S. Treasury bonds and stocks, emphasizing liquidity hub effects and regulatory trust, while Maple Finance builds depth with pre-screening-based credit market expertise. In numerical terms, Novastro's testnet TVL of $25 million is still modest compared to Ondo (approximately $1.69 billion) or Maple (approximately $2.59 billion). In terms of capital, the initial funding of $3.2 million is more than 15 times lower than competitors that have gone through Series A, which could act as a structural constraint in institutional partnerships and talent acquisition. Nevertheless, the alpha as an infrastructure-type beta is clear. Even if issuers do not directly expand consumer channels, if Novastro provides "pick-and-shovel" value by absorbing the complexities of chains, regulations, payments, and reporting, it can compete on the economy of complexity reduction instead of economies of scale. From the demand side, the macro environment is favorable. Over the past three years, RWA tokenization has grown approximately fivefold, and a "total war" among full-stack platforms is anticipated over the $400 trillion asset class of traditional finance. The liquidity fragmentation issue across multiple chains and varying regulatory requirements in different countries give a premium to native cross-chain infrastructure and automated compliance. Novastro's position is precisely aligned with this point, where unit economics stitch together decentralized issuers, brokers, and chains into a single regulatory, payment, and reporting fabric. At the same time, the risks are clear. After the mainnet launch on October 15, 2025, its execution capability at the institutional scale must be validated. If the testnet results do not lead to actual institutional capital inflow, the initial enthusiasm will quickly cool. The full-scale entry of traditional capital like BlackRock and Franklin could dilute the differentiation of "AI compliance," and if AI-assisted compliance systems are not recognized regulatory-wise in major jurisdictions, the value proposition could be shaken. The capital gap, talent competition, and initial liquidity creation costs all directly translate into execution risks. In summary, Novastro is a high-stakes infrastructure bet on the RWA narrative. The design that separates and recombines law, ledgers, and distribution, the abstracted user experience across multiple chains, and AI-involved compliance come together to embody the characteristics of "horizontal infrastructure (Infra-as-a-Service)." The mainnet on October 15 will be a turning point to prove this logic in the market. The conditions for success are simple. Initially onboarding a small number of issuers with high regulatory sensitivity to show real cash flow and reporting chains, maintaining flawless availability and audit traceability in cross-chain routing, and providing the AI compliance layer as an auditable product tailored to institutional language. If this puzzle fits together, Novastro has great potential to establish itself as a standard RWA orchestrator that permeates the backends of Ondo or Maple rather than competing directly with them. Conversely, if any one aspect slips, there is a significant risk of being overshadowed by players with greater capital and name recognition. Ultimately, the essence of this project is that while the beta infrastructure play risk is high, the moment performance is proven, it can be re-rated as the foundational layer for multi-asset, multi-chain RWA.