# 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.

The Stock Tokenization Revolution: A Panoramic Report on Market Dynamics, Product Architecture, and Regulatory Moats

Tokenized stocks are emerging as a breakthrough sector in the real-world asset (RWA) market, with a total value exceeding $800 million—a 30x increase since the start of the year—and monthly trading volume reaching $1.8 billion. The core value proposition is enabling global, 24/7 access to U.S. equities with near-instant settlement, bypassing geographic restrictions and delays inherent in traditional finance. Three primary architectures are competing for dominance: 1. Instant execution (e.g., Ondo, CyberAlpha): maximizes capital efficiency. 2. Inventory model (e.g., xStocks, Backed): uses Swiss debt structures for superior DeFi composability. 3. Direct ownership (e.g., Securitize): offers full legal rights but limited on-chain flexibility. The market is dominated by two players: Ondo (53% share) leverages liquidity engineering, while Backed/xStocks (23%) uses regulatory arbitrage via Swiss law. Regulatory licensing—not technology—is the key moat, with complex cross-jurisdictional compliance (U.S., EU, offshore) forming the highest barrier to entry. The sector faces a trilemma between liquidity/speed, regulatory safety, and DeFi composability, and is diverging into two paths: incremental integration with traditional systems (e.g., DTCC) and revolutionary on-chain issuance for full disintermediation. The convergence of the $150 trillion global equity market with blockchain infrastructure is already underway.

marsbit03/10 13:24

The Stock Tokenization Revolution: A Panoramic Report on Market Dynamics, Product Architecture, and Regulatory Moats

marsbit03/10 13:24

The Limits of Finance, The Channel Value of Global Markets

This article explores the evolving relationship between traditional finance and decentralized finance (DeFi), focusing on the growing institutional interest in on-chain vaults and real-world assets (RWA). While major asset managers like BlackRock and Apollo are investing heavily in DeFi tokens, the sector faces challenges, including liquidity crises and structural limitations. A central theme is the absence of a native DeFi risk-free interest rate. Despite multiple attempts—from algorithmic stablecoins to liquidity staking tokens—DeFi has largely adopted USDT and USDC for their scale, effectively making U.S. Treasury bonds the de facto benchmark. However, this dependency creates vulnerability, as DeFi cannot interact bidirectionally with traditional finance. The article argues that the next phase of DeFi will revolve around vaults—on-chain repositories that aggregate assets and yield. These vaults, managed by "curators," aim to offer fixed-rate products and credit systems but currently lack mechanisms for asset price inflation and clear risk management. The piece concludes that while vaults and curators are gaining traction, the true innovation lies in creating efficient "channels" or broker-like systems that enhance global capital flow. These could eventually replace centralized exchanges as the primary liquidity hubs, enabling a more integrated and efficient financial system without relying on traditional tokenomics.

marsbit03/10 13:23

The Limits of Finance, The Channel Value of Global Markets

marsbit03/10 13:23

IOSG: A Panoramic View of On-Chain Yields, from Yield-Bearing Stablecoins to the Evolution of Crypto Credit Products

IOSG Research analyzes the on-chain yield landscape, highlighting the growing preference for yield-bearing stablecoins and fixed-income products during bear markets. While bull markets drive TVL growth across all yield products, bear markets see capital shift toward lower-risk, stablecoin-based options. Key trends include protocols expanding into front-end (wallets, mobile interfaces) and back-end services (stablecoin-as-a-service for L1/L2 chains). Anticipated U.S. interest rate cuts may reduce Treasury yields, pushing yield-bearing stablecoins to diversify into alternative real-world assets (RWA) like private credit and GPU financing. The report also notes institutional adoption through end-to-end staking services and crypto-native credit products (e.g., preferred shares), which function as crypto equivalents to Treasury bonds, offering stable yields from DeFi and staking revenues. Exclusive yield sources and transparent revenue-sharing models are becoming crucial differentiators.

marsbit03/10 11:26

IOSG: A Panoramic View of On-Chain Yields, from Yield-Bearing Stablecoins to the Evolution of Crypto Credit Products

marsbit03/10 11:26

RWA Weekly Report | Representative Assets Drop Nearly 14%; Stablecoin Market Cap Reclaims $300 Billion (March 4 - March 10)

RWA Weekly Report: Key assets fell nearly 14%; stablecoin market cap rebounds above $300 billion (Mar 4–10) DeFi stablecoin interest rates hit their lowest since June 2023. Stablecoin transaction volume reached a record 1.8 trillion in February, with USDC accounting for ~70% of transactions—double that of USDT. Regulatory developments include Florida’s Senate passing a stablecoin bill prohibiting interest payments, Hong Kong advocating for tokenization integration, South Korea moving to ban corporate stablecoin investments, and Russia planning new stablecoin legislation. BlackRock restricted redemptions in a $26 billion private credit fund, raising concerns about potential spillover effects into Bitcoin and DeFi. Stablecoin payment company KAST raised $80M at a $600M valuation. Ondo Finance launched tokenized stock trading on Binance Alpha and introduced tokenized equities as collateral in Ethereum DeFi via Chainlink oracles. MSX (STONKS) launched a Pre-IPO section offering shares among other upgrades. The total value of issued stablecoins rose over 51% since early 2025, reaching $311 billion.

marsbit03/10 10:32

RWA Weekly Report | Representative Assets Drop Nearly 14%; Stablecoin Market Cap Reclaims $300 Billion (March 4 - March 10)

marsbit03/10 10:32

RWA Weekly Report｜Representative Assets Drop Nearly 14%; Stablecoin Market Cap Reclaims $300 Billion (Mar 4 - Mar 10)

RWA Weekly Report: Representative Assets Drop Nearly 14%; Stablecoin Market Cap Reclaims $300B (Mar 4-10) The total on-chain value of RWA assets increased slightly by 0.8% to $26.43B, though growth slowed compared to previous weeks. In contrast, the value of representative assets fell by 13.9%, dropping about $54B to $336.08B. User adoption showed mild recovery, with total holders rising 1.18% to 665.3K. The stablecoin market cap rebounded by 0.85% to over $301B, led by USDT ($195.15B) and USDC ($796.47B). Structurally, U.S. Treasuries remained the core RWA asset, growing to $11B, while commodities and private credit saw slight declines. Key developments include U.S. regulatory debates around the CLARITY Act and stablecoin taxation, the NYSE’s parent company ICE investing in OKX at a $25B valuation, and new stablecoin regulations advancing in Florida and South Korea. Ondo Finance integrated tokenized stocks as collateral in DeFi via Chainlink, and MSX launched a Pre-IPO investment section. Overall, the RWA market is consolidating with a shift toward higher certainty assets like Treasuries and gradual risk appetite expansion into corporate bonds and alternative funds.

Odaily星球日报03/10 10:26

RWA Weekly Report｜Representative Assets Drop Nearly 14%; Stablecoin Market Cap Reclaims $300 Billion (Mar 4 - Mar 10)

Odaily星球日报03/10 10:26

NYSE Parent Company's $25 Billion Investment in OKX Marks a 'Watershed Moment' for Tokenized Stocks

NYSE parent company ICE makes a $25 billion strategic investment in crypto exchange OKX, valuing OKX at $25 billion. The deal grants ICE a board seat and focuses on two key collaborations: OKX will provide real-time crypto pricing data to ICE for launching US-regulated crypto futures, and the two will enable OKX users to trade tokenized NYSE-listed stocks and derivatives by late 2026. This partnership signals a major convergence between traditional finance and crypto, accelerating the move of real-world asset (RWA) tokenization from concept to large-scale, compliant adoption. For ICE, it gains access to crypto data and OKX's global user base of over 120 million accounts. For OKX, it provides crucial regulatory legitimacy and a bridge into traditional markets. The planned launch of tokenized stock trading could revolutionize markets by enabling 24/7 trading, enhancing asset composability in DeFi, and potentially improving market efficiency. However, alongside competitors like Nasdaq exploring similar offerings, it faces challenges including regulatory clarity, market infrastructure compatibility, and managing combined traditional and crypto risks. This investment is viewed as a watershed moment, marking a shift from opposition to integration between Wall Street and crypto, and potentially heralding a new era of unified, global financial markets.

marsbit03/10 01:22

NYSE Parent Company's $25 Billion Investment in OKX Marks a 'Watershed Moment' for Tokenized Stocks

marsbit03/10 01:22

From Hardware-Software Integration to a Trillion-Scale Ecosystem: A Look into the 'China Core' of National-Level Blockchain Infrastructure

Amid the global evolution of fintech and Web3, China is forging a distinct path centered on national-level digital infrastructure, focusing on real-world asset (RWA) tokenization and large-scale blockchain adoption in the real economy. On March 5, 2026, at China’s National People’s Congress, Dong Jin, a deputy and director of the Beijing Academy of Blockchain and Edge Computing, announced a major breakthrough: the world’s first software-hardware integrated blockchain operating system and a dedicated 96-core blockchain acceleration chip. This "China Core" delivers a 50x performance improvement, overcoming computational bottlenecks in ultra-large-scale blockchain networks. It has already been deployed across 16 central government departments and 27 state-owned enterprises, supporting over 300,000 cross-border trade companies and processing trillions of yuan in trade volume, with hundreds of billions of invoices recorded on-chain. The chip uses ASIC-level design to offload cryptographic operations (like digital signatures and hashing) from general-purpose CPUs, drastically improving efficiency. This enables high-throughput, low-latency transaction processing—critical for applications like cross-department data sharing with privacy preservation, supply chain finance with real-time credit transfer, and automated cross-border trade settlements. The system supports high-concurrency scenarios such as invoice tracking and customs clearance, enabling real-time verification and smart contract execution. This infrastructure shift enhances transparency, reduces fraud, and facilitates automated financial services like instant lending. China’s blockchain strategy, now hardware-accelerated and deployed at national scale, marks a move toward a trusted, high-performance digital economy base—setting the stage for massive RWA digitization and new opportunities in data-driven finance.

marsbit03/09 04:17

From Hardware-Software Integration to a Trillion-Scale Ecosystem: A Look into the 'China Core' of National-Level Blockchain Infrastructure

marsbit03/09 04:17

Tokenized RWAs grow 4x to $25B – Is $50B by 2030 next target?

Tokenized Real World Assets (RWAs) experienced explosive growth, surging 4x to reach $24.9 billion in value over the past year, driven by institutional demand. U.S. Treasuries and commodities led this expansion, accounting for 58% of the growth. Major players like BlackRock and Ondo Finance saw their tokenized assets hit $2.2 billion and $2 billion, respectively. Concurrently, the number of RWA holders across major blockchains reached a record high, exceeding 663,000, with Ethereum and Solana leading in holder counts. If the current growth trajectory continues, the total value of tokenized RWAs is projected to exceed $50 billion by 2030, with represented assets potentially surpassing $1 trillion.

ambcrypto03/09 03:03

Tokenized RWAs grow 4x to $25B – Is $50B by 2030 next target?

ambcrypto03/09 03:03

Solana vs Ethereum – $4.4T traded, RWA holders flipped – But who wins?

Solana's trading activity has surged over three years, accumulating $4.4 trillion in total volume. Weekly trading, once below $10 billion, grew significantly in 2024, often reaching $20–40 billion and briefly spiking to $120–130 billion during memecoin-driven speculation. It has since stabilized around $12–15 billion, reflecting sustained retail demand due to its low-fee structure. In Real World Assets (RWA), Solana surpassed Ethereum in holder count (154,942 vs. 153,592), indicating broader retail accessibility. However, Ethereum leads in RWA value ($15.45B vs. $1.79B), maintaining its role as the institutional hub. Despite high trading volume, Solana's liquidity is thinner (0.4 liquidity-to-volume ratio vs. Ethereum’s 4.57), making it efficient for small trades but challenging for large orders. It benefits from $15.4B in stablecoin supply and high throughput with minimal fees. Ethereum retains a structural advantage with deeper liquidity and institutional settlement capabilities.

ambcrypto03/08 10:02

Solana vs Ethereum – $4.4T traded, RWA holders flipped – But who wins?

ambcrypto03/08 10:02

Pantera Capital: What Changes Have We Made as Crypto Becomes a Service?

Pantera Capital outlines the industry's evolution from "crypto as an industry" to "crypto as a service," predicting 2026 as the pivotal year. The focus shifts from blockchain-centric hype to seamless integration, where technology becomes invisible to users while solving real-world problems efficiently. Key trends include crypto's structural advantages, like 24/7 markets outperforming traditional finance during geopolitical events, and Asia's growing dominance in areas like stablecoin-based cross-border payments, tokenization, and DeFi perpetual trading. The fund’s investment strategy reflects this shift: Novig disrupts sports betting with a P2P model that drastically improves user payouts; Based offers a seamless consumer super-app abstracting complex blockchain interactions; and Doppler provides institutional-grade infrastructure for asset issuance. Other focus areas include real-world asset tokenization, AI agents leveraging blockchain for verifiable data, and agent-based payments. The advice to founders is clear: prioritize solving tangible problems over showcasing technology, as true adoption happens when the tech becomes invisible yet indispensable.

marsbit03/08 03:04

Pantera Capital: What Changes Have We Made as Crypto Becomes a Service?