The European Union recently announced the permanent freezing of Russian assets and will decide on the final disposition of these funds in December. Behind this decision, it exposes a frequently overlooked issue within the traditional financial system: your money is not entirely yours.

As long as the state desires, assets can be frozen, seized, or even redistributed. The banking system appears secure, but this "security" essentially relies on trust in a central authority—and this trust can often be vulnerable under geopolitical pressure.

This is why more and more people are starting to focus on on-chain assets. For example, some stablecoins are designed completely differently: no central authority can freeze them, rules are enforced by smart contracts, which are immutable. When assets cross borders, they require no permission and are immune to political interference.

From a technical perspective, such stablecoins typically utilize over-collateralization with algorithmic mechanisms, deriving their value from decentralized sources rather than relying on the credit of a single country. Some have undergone multiple independent security audits, with all code open source, and every transaction can be verified. This transparency is something that traditional financial institutions' black-box operations can never achieve.

This move by the EU actually promotes a long-term trend: whether sovereign nations or individuals, everyone is seeking ways to store and circulate value outside the traditional financial system. The future financial infrastructure may well be supported by such censorship-resistant protocols—rules defined by code rather than political decisions.