# Сопутствующие статьи по теме RWA

Новостной центр HTX предлагает последние статьи и углубленный анализ по "RWA", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Trading Everything, Never Closing: RWA Perpetual Contracts — The Final Piece of DeFi Devouring Wall Street (Part 2)

This article explores the emergence and implications of Real World Asset (RWA) Perpetual Contracts (Perps) in DeFi, focusing on their potential to bridge traditional and decentralized finance. It analyzes key projects, contrasting two primary architectural models: the order book-based system, exemplified by Hyperliquid's HIP-3 ecosystem (e.g., Trade.xyz), and the oracle-priced liquidity pool model used by protocols like Ostium. The former prioritizes 24/7 market-driven pricing with oracles for risk management, while the latter favors accuracy and safety by pausing trading during market closures. A significant portion is dedicated to the regulatory landscape, particularly in the US. The analysis highlights the legal barrier of the "Shad-Johnson agreement," which subjects equity-based derivatives to dual SEC and CFTC jurisdiction, effectively blocking compliant retail single-stock perps. This creates a window of opportunity for offshore markets operating under Regulation S exemptions. The article proposes a symbiotic "CFD Broker + RWA Perps Dex" model for growth, where DeFi protocols act as back-end clearing engines for traditional brokers handling front-end compliance and user acquisition. Finally, it examines the external variable of traditional exchanges like NYSE planning their own 24/7 trading platforms. While this could erode DeFi's current monopoly on continuous trading and provide better underlying price feeds, it also forces DeFi to compete on different strengths like higher leverage, permissionless access, and superior capital efficiency. The conclusion posits that RWA Perps represent a fundamental restructuring of global leverage markets, evolving into a high-speed execution layer atop regulated traditional finance.

marsbit03/12 03:41

Trading Everything, Never Closing: RWA Perpetual Contracts — The Final Piece of DeFi Devouring Wall Street (Part 2)

marsbit03/12 03:41

Solana Overtakes Ethereum In Trillion-Dollar Sector, Is There A New King In Town?

Solana has surpassed Ethereum in the number of real-world asset (RWA) holders, with 157,112 compared to Ethereum's 153,592. However, Ethereum maintains a significant lead in total RWA value at $15.4 billion, excluding stablecoins, while Solana's RWA value is $1.8 billion. Additionally, Solana recorded higher stablecoin transaction volume in February at $660.64 billion, exceeding Ethereum's $548.82 billion. Despite this, Ethereum has a larger stablecoin market cap and more stablecoin holders. Both networks are growing in RWA holders, but Solana shows faster growth in stablecoin transfer volume and holders.

bitcoinist03/11 19:11

Solana Overtakes Ethereum In Trillion-Dollar Sector, Is There A New King In Town?

bitcoinist03/11 19:11

Ondo, xStocks, Hyperliquid 'Three Kingdoms': Who is Building the 'Foundation' of Future Finance?

This article analyzes three distinct approaches to on-chain tokenization of traditional assets like stocks and ETFs: Ondo Finance, xStocks (by Backed Finance, now Kraken-owned), and Hyperliquid's HIP-3. Ondo Finance employs an institutional-grade, indirect tokenization model. An offshore SPV holds the underlying stocks, issuing on-chain structured notes that represent economic exposure but not legal ownership. It features atomic settlement, instant minting/redemption, and requires KYC for accredited non-US investors. xStocks targets the retail market with a multi-chain, composable model. Similar to Ondo, it uses a 1:1 backed debt instrument structure (tracking certificates) issued by a Jersey-based SPV. It emphasizes self-custody, ease of access with no specific KYC for trading, and integrates a novel "xChange" engine to bridge TradFi liquidity into DeFi. Hyperliquid's HIP-3 offers a fundamentally different, permissionless model for creating perpetual futures markets on any asset. It requires no underlying custody of assets. Instead, it provides synthetic price exposure through oracle-fed perpetual contracts, allowing high leverage and 24/7 trading. It functions as a decentralized infrastructure layer for market creators. The piece concludes that these protocols are not in direct competition but serve different purposes: Ondo and xStocks offer economic ownership and redemption, while Hyperliquid provides leveraged synthetic trading. The common thread is expanding access and composability for on-chain users.

marsbit03/11 10:03

Ondo, xStocks, Hyperliquid 'Three Kingdoms': Who is Building the 'Foundation' of Future Finance?

marsbit03/11 10:03

Amid Geopolitical Storms, Tokenized Gold and 24/7 On-Chain Markets Rise

Amid escalating geopolitical tensions, tokenized gold products like PAXG and XAUT saw significant usage spikes as investors sought gold exposure through on-chain and exchange channels. Bitcoin demonstrated resilience, rising approximately 7% after an initial dip following the U.S.-Israel strike on Iran. Hyperliquid’s HIP-3 perpetual futures emerged as a 24/7 macro risk barometer, with commodities and stock-based contracts gaining substantial trading volume and open interest. During the incident, traditional markets were closed, but on-chain platforms enabled continuous trading. Tokenized gold volumes exceeded $1 billion, while Hyperliquid’s oil futures, such as CL-USDC, repriced rapidly in response to supply shock concerns, with prices briefly surging to $109. The platform’s non-crypto perpetuals now represent a growing share of its activity, highlighting the shift toward round-the-clock on-chain trading of macro assets. Though still nascent and facing liquidity and regulatory constraints, these infrastructures signal a future where core global markets operate continuously on-chain.

marsbit03/11 09:39

Amid Geopolitical Storms, Tokenized Gold and 24/7 On-Chain Markets Rise

marsbit03/11 09:39

How $15B Fed injection could trigger crypto’s next macro rally

The Federal Reserve's $15 billion Treasury buyback, its largest in history, has sparked speculation about its potential to trigger a crypto macro rally. While quantitative easing typically drives capital into risk assets like cryptocurrency over the long term, its effects are not immediate, as evidenced by a 13.14% drop in the total crypto market cap in February. However, key signals suggest improving liquidity conditions: oil prices have declined by 16%, indicating fading geopolitical risk premiums, and tokenized U.S. Treasuries on-chain have reached $10 billion, showing capital is already moving into crypto-adjacent risk assets. This injection is part of a broader trend of the Fed expanding its balance sheet, suggesting it is not a one-off event but rather an early sign of easing macro stress that could support long-term capital inflows into cryptocurrency.

ambcrypto03/11 08:02

How $15B Fed injection could trigger crypto’s next macro rally

ambcrypto03/11 08:02

The Boundaries and Channels of Finance: The New Pricing Logic of Global Markets

The article "Financial Boundaries and Channels: The New Pricing Logic of Global Markets" explores the evolving relationship between traditional finance and decentralized finance (DeFi), focusing on the growing interest of asset management giants like BlackRock and Apollo in on-chain vaults and RWA (Real World Assets). It argues that while DeFi has adopted USDT/USDC as de facto standards due to their scale, this reliance on U.S. Treasury-backed stablecoins means DeFi is subject to external monetary policies without reciprocal influence. The piece highlights the absence of a native DeFi risk-free rate and examines past attempts, like algorithmic stablecoins, which failed to challenge this dominance. The author suggests that vaults and curators may become central to a new financial architecture, facilitating global capital flow and efficiency. However, these structures currently lack mechanisms for asset price inflation and face risks from code vulnerabilities and governance issues. The future may lie in broker-like channels that enhance capital fluidity beyond centralized exchanges, potentially leading to a more integrated and efficient global market system. Ultimately, the article concludes that while DeFi infrastructure matures, the real innovation opportunity resides in creating channels that enable seamless, scalable capital interaction, moving beyond traditional token economics.

比推03/11 06:44

The Boundaries and Channels of Finance: The New Pricing Logic of Global Markets

比推03/11 06:44

Odaily Exclusive Interview with Gate Founder Dr. Han: From TradFi Integration to Intelligent Web3, Redefining the Boundaries of Exchanges

In a recent interview with Odaily, Dr. Han, founder and CEO of Gate, discussed the exchange's strategic direction, market outlook, and integration of AI and Web3 technologies. He addressed the current perception of slowed innovation in crypto compared to booming sectors like AI, noting that market cycles are normal and AI development ultimately benefits the crypto industry. Gate is actively incorporating AI to enhance internal operations and user experience. Dr. Han envisions a future where a simple AI dialog box could replace traditional product interfaces, handling all user queries and tasks. This vision is part of the broader "Intelligent Web3" concept, which aims to use AI agents to help users navigate the complex and fast-growing crypto information landscape. The exchange's "All in Web3" strategy, formalized in 2025, builds on years of groundwork in decentralized infrastructure, culminating in products like the Gate Wallet. For 2026, Dr. Han highlighted key growth areas: crypto payments, Real World Assets (RWA), and decentralized exchanges (DEXs). Regarding competition from traditional finance, he views the entry of institutions like NYSE and Nasdaq into tokenized stocks as a positive development that brings more users and assets into crypto. Gate's own TradFi business, launched recently, has seen rapid growth, exceeding $95 billion in trading volume, and is designed to create a synergistic "two-way integration" ecosystem with its core crypto services. Dr. Han also discussed challenges, including managing a fully remote workforce and adapting to AI-driven efficiency gains. He defended Gate's high volume of token listings, emphasizing user choice and the provision of protective tools over acting as a gatekeeper. On compliance, Gate has made significant progress, securing licenses across numerous U.S. states, European countries, and other regions since starting its efforts in 2018. Future plans include expanding into new jurisdictions and obtaining additional licenses for payments and derivatives. A long-term goal involves pursuing public listings for its various global entities. The interview concluded with the announcement of GateClaw, an AI agent platform for crypto, representing a first step toward Dr. Han's vision of an AI-driven, interface-free user experience.

Odaily星球日报03/11 04:19

Odaily Exclusive Interview with Gate Founder Dr. Han: From TradFi Integration to Intelligent Web3, Redefining the Boundaries of Exchanges

Odaily星球日报03/11 04:19

Avalanche lands $200B real estate deal, yet ONE barrier blocks AVAX bulls

Avalanche (AVAX) has secured a $200 billion real estate tokenization deal in Bergen County, New Jersey, marking one of the largest real-world asset integrations on its blockchain. This five-year agreement involves migrating property records and related opportunities onto the Avalanche network, strengthening its position in traditional finance. The development has positively influenced market sentiment, with on-chain data showing increased whale accumulation and buyer dominance in both spot and futures markets. Technically, AVAX is approaching the 50-day EMA, a key resistance level. A break above it could confirm bullish momentum, potentially driving prices toward liquidity zones above the current range.

ambcrypto03/10 16:02

Avalanche lands $200B real estate deal, yet ONE barrier blocks AVAX bulls

ambcrypto03/10 16:02

CSRC Chairman Wu Qing Sets RWA Regulatory Tone at Two Sessions: Strict Domestic Prohibition, Rigorous Overseas Management

China Securities Regulatory Commission (CSRC) Chairman Wu Qing, speaking at the Two Sessions, outlined a strict regulatory stance on Real World Asset (RWA) tokenization: a complete ban domestically and stringent oversight for overseas activities. The policy, first detailed in a multi-agency notice, defines RWA tokenization and prohibits all related issuance, trading, and services targeting the domestic public as illegal financial activities. The crackdown targets fraudulent schemes misusing the RWA label for illegal fundraising and speculation, not the underlying technology itself. While mainland China enforces a "domestic prohibition," Hong Kong is emerging as a testing ground for compliant RWA projects. A recent approval by Hong Kong's SFC for a property-backed RWA tokenization product demonstrates a viable path for regulated, institutional-focused innovation. The regulatory "seawall" aims to protect investors from high-risk, fraudulent schemes while preventing systemic financial risks. For the industry, the focus must shift to compliant exploration: serving real-economy financing within existing frameworks, leveraging Hong Kong's regulated environment, or providing technology solutions—all while strictly avoiding public fundraising and speculation.

marsbit03/10 15:47

CSRC Chairman Wu Qing Sets RWA Regulatory Tone at Two Sessions: Strict Domestic Prohibition, Rigorous Overseas Management

marsbit03/10 15:47

Bybit Alpha Integrates Mantle Chain to Expand Asset Access

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has integrated the Mantle Chain into its Bybit Alpha platform. This integration provides users with direct access to high-potential, Mantle-native assets like $BSB, $SCOR, $ELSA, and $VOOI without requiring cross-chain operations. The move enhances Bybit Alpha's multi-chain architecture and offers a seamless trading experience that merges decentralized liquidity of DeFi with the convenience of a centralized exchange. Key ecosystem partners, including the DEX Fluxion and analytics provider Birdeye, support this expansion by providing necessary liquidity and real-time onchain data. To celebrate the launch, Bybit Alpha is hosting a $200,000 puzzle hunt to encourage user exploration of the Mantle ecosystem. This integration is a strategic step in bridging DeFi and CeFi, allowing capital to flow more freely and efficiently for Bybit's 80 million users.

TheNewsCrypto03/10 15:06

Bybit Alpha Integrates Mantle Chain to Expand Asset Access