RWA

RWA serves as a bridge between real assets and blockchain, continuously expanding in scenarios such as stablecoins, PayFi, and cross-border settlements. This article provides an in-depth analysis of representative projects like OpenTrade, USUAL, and Huma Finance, interpreting the evolution trends and potential opportunities of the RWA narrative in the new cycle.

The article reviews the recent seven active on-chain new forces under the RWA narrative, providing rich background information and market data, revealing the latest dynamics and future potential of the RWA track.

The dark horse of public chains, Keeta Network, is igniting market enthusiasm with its three major technological advantages and investment from former Google CEO, aiming to create a global asset transmission infrastructure that connects TradFi and DeFi, and is dubbed the "Ripple killer."

Why has the Hong Kong RWA route stagnated? This article deeply analyzes the limitations of "bond issuance as financing" and proposes a new strategic path of returning to infrastructure, laying out offshore markets, and building an Asia-Pacific on-chain asset hub.

This article deeply analyzes the key factors behind Ethereum's leading position in the RWA (Real-World Assets) field, including its first-mover advantage, institutional trust, and decentralized characteristics. Meanwhile, it explores the development trends of general-purpose blockchains and RWA-specific blockchains.

In the first half of 2025, the tokenization market for real-world assets (RWA) experienced explosive growth. This article provides an in-depth analysis of the asset class distribution in the RWA market, the competitive landscape of major public blockchains, and representative projects, revealing the challenges faced in this field and the future development directions.

Tokenized oil or tokenized petroleum tokens are blockchain-based energy cryptocurrencies that digitize oil and related energy assets for trading and transparency. Since the launch of Venezuela’s Petro, these tokens have become an important part of the intersection between energy finance and blockchain innovation. More recently, energy-themed meme tokens on Solana have also attracted attention from investors and regulators.

Amid the rollout of the "GENIUS Act," Basel III risk-weight provisions, collaborative custody initiatives, and intensifying industry competition, this discussion provides a step-by-step analysis of how traditional banks can remain compliant as they adopt digital assets.

This article analyzes the drivers behind RWA development from multiple perspectives, including macroeconomic trends, policy evolution, technological progress, and DeFi integration. It also provides an in-depth look at how RWA is implemented, highlights key asset classes, and examines the current market landscape.

Figure has filed for an IPO and plans to list on Nasdaq. As a leader in the RWA sector, its mortgage and crypto-backed lending businesses have experienced rapid growth powered by the Provenance blockchain. In the first half of the year, the company turned a profit after previously operating at a loss, attracting heightened interest from capital markets.

The article analyzes the current status and distribution of the RWA market. It highlights Arbitrum’s technical strengths, discusses key proposals driving RWA adoption, and profiles leading asset providers in the space.

The central challenge facing RWA is not tokenization itself, but the development of resilient liquidity infrastructure. This article highlights that automated market makers (AMMs) are ill-suited to serve as the primary market for RWA; instead, their best role is as a convenience layer dedicated to small, routine trades. Core liquidity must rely on issuance and redemption processes, order book trading, RFQ (request-for-quote) mechanisms, and regular auctions.

The article provides an in-depth look at Horizon’s functions and operational framework. It also discusses the internal debates within Aave DAO about whether to issue a new token and the final decision.

Aave Horizon is a standalone lending market developed on v3.3 that specializes in accepting tokenized real-world assets (RWAs), including USD funds, U.S. Treasuries, and index funds, as collateral. By integrating traditional financial assets into DeFi, it unlocks new liquidity potential.

The article not only provides a detailed analysis of the rapid growth and market dynamics of RWA tokenization but also illustrates, through concrete cases and scenarios, how such mismatches could lead to systemic risks.