# 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.

Binance Research 2025 Year in Review and 2026 Theme Outlook

Binance Research's 2025 review highlights a year of milestones and market divergence. The total crypto market cap surpassed $4 trillion, with Bitcoin hitting a new ATH, driven by institutional adoption, regulatory progress (especially for stablecoins), and expansion of regulated investment vehicles. However, macro uncertainty led to high volatility, with the market declining ~7.9% overall. Key trends include Bitcoin's structural strength, with significant ETF inflows and corporate holdings, despite softer on-chain activity. Layer 1 competition intensified, with Ethereum, Solana, and BNB Chain leading via distinct value propositions. Layer 2 scaling progressed, though activity concentrated in a few rollups. DeFi matured, emphasizing capital efficiency and compliance, with RWA TVL surpassing DEXs. Stablecoins broke through with a ~50% surge in market cap, exceeding $3 trillion in daily volume. Consumer crypto shifted toward real-world applications and seamless integration with fintech. AI agents and on-chain payments saw substantial progress. Institutional adoption deepened beyond mere exposure into core financial workflows. Regulatory clarity advanced in key jurisdictions like the U.S. (GENIUS Act) and Europe (MiCA). The 2026 outlook anticipates a "risk reset" fueled by global monetary easing, fiscal stimulus, and deregulation, potentially driving a liquidity-powered expansion.

marsbit01/15 10:51

Binance Research 2025 Year in Review and 2026 Theme Outlook

marsbit01/15 10:51

Matrixdock Releases Latest Semi-Annual Physical Gold Audit Report, Strengthening Transparency Practices for Physical Gold

Matrixdock, the RWA platform under Matrixport, has released its H2 2025 semi-annual physical gold audit report for its XAUm token. The audit, conducted by an independent third party, verified 482 LBMA-approved 1kg gold bars held across Brink’s Hong Kong, Brink’s Singapore, and Malca-Amit Singapore vaults. The total reserve amounts to approximately 482 kg (15,595.336 oz), valued at around $71.75 million based on the audit date gold price. No discrepancies were found between the physical gold and recorded assets. Compared to the H1 2025 audit, an additional 61 gold bars were added to the reserve. Matrixdock employs a dual-verification mechanism, combining physical audits with on-chain validation tools, allowing XAUm holders to verify the gold backing their tokens via a Web3 wallet. Each 1kg gold bar corresponds to approximately 32.148 XAUm tokens. The platform emphasizes transparency and institutional-grade operations to build trust in digital gold assets.

marsbit01/15 10:02

Matrixdock Releases Latest Semi-Annual Physical Gold Audit Report, Strengthening Transparency Practices for Physical Gold

marsbit01/15 10:02

HashKey Lists XAUt, Marking First Gold Token Trading on a Compliant Exchange in Hong Kong

HashKey Exchange, the largest licensed digital asset exchange in Hong Kong and a subsidiary of HashKey Holdings Limited (3887.HK), has officially listed Tether Gold (XAUt). Professional investors can trade XAUt through its over-the-counter (OTC) Marketplace. This marks the first time a licensed exchange in Hong Kong offers compliant trading of gold tokens. Each XAUt token represents one troy ounce of a physical gold bar that meets the London Bullion Market Association (LBMA) delivery standard. By holding XAUt, users gain exposure to physical gold without the logistical challenges of storage and transfer. The introduction of XAUt allows professional investors to hedge against market volatility by allocating part of their portfolio to gold without leaving the HashKey platform. This move integrates traditional safe-haven assets into the digital asset ecosystem, providing a diversified and compliant investment option and bridging traditional and digital finance. Michelle Cheng, Director of HashKey Exchange, stated that the listing addresses inefficiencies in traditional gold allocation, enabling users to manage gold as easily as other digital assets. This is a concrete step toward improving the efficiency of real-world asset (RWA) circulation within a regulated digital environment.

marsbit01/15 09:13

HashKey Lists XAUt, Marking First Gold Token Trading on a Compliant Exchange in Hong Kong

marsbit01/15 09:13

From "On-Chain Applications" to "Financial Infrastructure": The Generational Evolution and Transformation of Perp DEX

Title: From "On-Chain Applications" to "Financial Infrastructure": The Generational Evolution of Perp DEX The 2025 period was a "great filtering era" for the derivatives sector. Surviving Perp DEX platforms have moved beyond being mere "low-cost versions" of CEXs by solving the core cost in finance: trust. With the adoption of full-chain abstraction, users in 2026 can perform seamless cross-chain transactions while retaining asset sovereignty, as funds are secured in smart contracts rather than held by intermediaries. On-chain derivatives now consistently account for over 25% of total trading volume, marking a fundamental shift in user behavior. Over 90% of Perp DEXs failed due to product homogeneity, reliance on subsidized "rented liquidity," and soaring customer acquisition costs. Merely forking existing code or offering token incentives proved unsustainable. Four successful models have emerged: 1. **Hyperliquid**: Achieved near-CEX performance by building its own L1 blockchain optimized for low-latency order books, attracting quantitative capital. 2. **Aster**: Leveraged the Binance ecosystem to offer enhanced capital efficiency, allowing users to earn yield on collateral (e.g., staking rewards) while trading. 3. **Lighter**: Built an app-specific ZK-Rollup to provide a verifiable, mathematically-proven trading infrastructure with anti-MEV properties, appealing to institutions. 4. **Decibel**: Unified high performance and full-chain composability on Aptos, achieving sub-20ms latency and enabling cross-chain margin accounts for seamless trading from wallets like MetaMask. Future evolution will focus on: * **Intent-centric trading**: Users express a desired outcome, and solvers find the optimal execution path. * **AI Agents**: The rise of AI-driven trading strategies will require DEXs to provide high computational power and low latency. * **Advanced Pricing Models**: Dynamic risk engines will use real-time volatility data to automatically adjust parameters, increasing system robustness beyond traditional CEXs. The key to survival is providing unparalleled execution efficiency that capital and trading strategies cannot refuse.

marsbit01/15 04:34

From "On-Chain Applications" to "Financial Infrastructure": The Generational Evolution and Transformation of Perp DEX

marsbit01/15 04:34

Cardano Lines Up An $80 Million War Chest: DDC Fund Goes Live

The Cardano Foundation has proposed an on-chain action to allocate up to $75 million from its treasury to the new Cardano x Draper Dragon Ecosystem Fund (DDC Fund), targeting a total of $80 million with external investment. Managed by Draper Dragon, the fund will invest in Cardano-native startups over six years, aiming to generate returns for the treasury and boost ecosystem growth. Financial targets include a 3x return on capital and a 25%+ IRR, with goals to increase Cardano's total value locked (TVL) from $300 million to over $3 billion. The proposal includes a transparent governance structure and a buffer for ADA price volatility.

bitcoinist01/14 17:02

Cardano Lines Up An $80 Million War Chest: DDC Fund Goes Live

bitcoinist01/14 17:02

Falcon Finance Releases Research on Tokenized Gold, Matrixdock's XAUm Selected as One of the Top Five Gold Token Projects

Tokenized gold is emerging as a key asset class in the RWA (Real World Assets) sector, transitioning from proof-of-concept to structural development. Unlike other RWA forms, gold benefits from global pricing, deep liquidity, and established physical delivery standards, making it a critical test case for asset tokenization. Falcon Finance recently published a research report titled “The Digitalization of Bullion: A Deep Dive into Tokenized Gold and How to Earn from It,” which provides a comparative analysis of major tokenized gold projects. The study highlights five leading gold tokenization initiatives, including Matrixdock’s XAUm. XAUm, issued by Matrixport’s RWA platform Matrixdock, is backed by one troy ounce of LBMA-standard physical gold per token. The gold is stored in professional vaults in Singapore and Hong Kong, with ongoing disclosures and third-party verification to ensure transparency between reserves and token supply. The research underscores varied structural approaches in tokenized gold—covering asset backing, custody, and design—reflecting diverse use cases rather than absolute superiority. XAUm’s inclusion signifies its recognition as a structurally significant project in the global tokenized gold landscape, emphasizing real-asset backing and verifiability. As the market shifts from speculation to examining custody, structure, and long-term reliability, independent research like Falcon’s offers a framework for evaluating the evolution of tokenized gold.

marsbit01/14 09:55

Falcon Finance Releases Research on Tokenized Gold, Matrixdock's XAUm Selected as One of the Top Five Gold Token Projects

marsbit01/14 09:55

RWA Weekly Report｜Private Credit Surges Nearly 40%; Bipartisan Senate Inclined to Adjust GENIUS Stablecoin Yield Rules (1.7-1.13)

RWA Weekly Report: Private Credit Surges Nearly 40%; Bipartisan Senate Support to Adjust GENIUS Act Stablecoin Yield Rules (Jan 7–13) The on-chain value of Real World Assets (RWA) grew to $20.81 billion, a 6.23% weekly increase, though broader RWA valuations dropped sharply due to statistical adjustments. Private credit saw a 39% surge, reaching $3.2 billion, while U.S. Treasuries and commodities remained core holdings. Stablecoin user addresses increased, though total market cap slightly declined. Key developments include a new U.S. crypto market draft that prohibits interest payments for merely holding stablecoins, though rewards for trading and staking remain allowed. The bipartisan Senate is considering amendments to the GENIUS Act, potentially limiting which institutions can offer yields. South Korea lifted a nine-year ban on corporate crypto investments, allowing firms to allocate up to 5% of net assets to cryptocurrencies. Notable funding rounds included Rain’s $250 million raise and VelaFi’s $20 million Series B. Cathie Wood suggested the U.S. might directly purchase Bitcoin for national reserves. Meanwhile, Coinbase may withdraw support for the CLARITY Act if it restricts stablecoin rewards. Projects like Ondo Finance and MSX (MyStonks) are advancing tokenized assets, with MSX reducing RWA trading fees to enhance user adoption.

marsbit01/13 15:11

RWA Weekly Report｜Private Credit Surges Nearly 40%; Bipartisan Senate Inclined to Adjust GENIUS Stablecoin Yield Rules (1.7-1.13)

marsbit01/13 15:11

RWA Weekly Report｜Private Credit Surges Nearly 40%; Bipartisan Senate Inclined to Adjust GENIUS Stablecoin Yield Rules (1.7-1.13)

RWAS Weekly Report (Jan 7-13): Private Credit Surges Nearly 40%; Bipartisan Senate Support Grows for Adjusting GENIUS Act Stablecoin Yield Rules RWA on-chain value rose to $20.81 billion, a 6.23% weekly increase, though the broader RWA market saw a significant 29.6% drop due to a statistical adjustment. Private credit was the standout performer, surging 39% to $3.2 billion. U.S. Treasuries and commodities remained core holdings. Key developments include a new U.S. Senate draft market structure bill that proposes banning interest payments for merely holding stablecoins, while allowing rewards for activities like staking. The bipartisan GENIUS Act is also being adjusted to potentially restrict which entities can offer yields. South Korea lifted a nine-year ban on corporate crypto investments, and Hong Kong officials emphasized cautious integration of virtual assets. Stablecoin transaction volume hit a record $33 trillion in 2025. Major funding rounds included Rain's $250 million raise and VelaFi's $20 million Series B. Projects like Ondo Finance and MSX (STONKS) are advancing, with the latter reducing its RWA trading fees. Cathie Wood speculated the U.S. government might begin directly purchasing Bitcoin for its national reserve.

Odaily星球日报01/13 15:08

RWA Weekly Report｜Private Credit Surges Nearly 40%; Bipartisan Senate Inclined to Adjust GENIUS Stablecoin Yield Rules (1.7-1.13)

Odaily星球日报01/13 15:08

0xTodd's Investment Philosophy: Bitcoin + U.S. Bonds, a Portfolio That Lets You 'Sleep Soundly' Long-Term

English Summary: 0xTodd, partner at Nothing Research and co-founder of Ethereum staking pool EBunker, shares his investment philosophy and crypto journey in this interview. He entered crypto in 2017 after recognizing Bitcoin's real-world utility during the "WannaCry" ransomware event. His research methodology, shaped by his background in materials chemistry, emphasizes verifiable conclusions and welcomes external critique. He famously correctly predicted the collapse of Luna/UST in 2022, profiting from this structural insight. Todd's core investment thesis is a "sleep-well-at-night" portfolio: Bitcoin + US Treasury bonds. The logic is a complete hedge: if central banks keep printing money, Bitcoin benefits; if they stop, high-yield bonds provide stable returns. He identifies stablecoins as crypto's second "killer app," particularly those backed by real-world assets like US debt (e.g., BMRUSD), for their utility in global payments and settlements. On AI, he sees crypto as a natural solution for AI economy transactions, providing the necessary programmable, permissionless settlement layer. His advice for newcomers is to learn core technology (Bitcoin, Ethereum, DeFi) before trading. Key 2026 trends he identifies are: Crypto finding its role alongside AI (productivity vs.生产关系), stablecoin adoption expanding, and合规ization bringing institutional capital. Ultimately, Todd believes long-term success in crypto comes from slow, structural thinking and understanding the underlying mechanisms, not chasing narratives.

marsbit01/13 14:06

0xTodd's Investment Philosophy: Bitcoin + U.S. Bonds, a Portfolio That Lets You 'Sleep Soundly' Long-Term

marsbit01/13 14:06

BlackRock and Visa's Big Bet on Stablecoins: What Do the Smart Money See?

The stablecoin market reached a historic high of $317 billion in January 2026, but the real story lies in the strategic moves by major financial institutions. BlackRock launched BUIDL, a tokenized money market fund on a public blockchain, surpassing $2 billion by late 2025, highlighting the drive for efficiency, lower costs, and broader accessibility. USDC, growing 73% in 2025, outpaced USDT’s 36% growth, driven by regulatory clarity from the U.S. GENIUS Act and EU’s MiCA compliance, making it the preferred choice for regulated entities like Visa, which integrated USDC for settlements. Visa’s adoption reflects a defensive strategy against stablecoins disrupting cross-border payments, with stablecoin transaction volumes reaching $46 trillion in 2025. Other payment giants, including Stripe and PayPal, are also aggressively entering the space. Meanwhile, banks like JPMorgan are leveraging blockchain for internal efficiency, processing over $3 billion daily via its JPM Coin system. Key trends include the rapid growth of real-world asset (RWA) tokenization, a clear regulatory path favoring compliant stablecoins, the restructuring of payment infrastructure, and market bifurcation into payment-focused (e.g., USDC) and yield-bearing stablecoins (e.g., Ondo’s USDY). This shift marks stablecoins' evolution from a crypto niche to a foundational component of the global financial system.

marsbit01/13 14:00

BlackRock and Visa's Big Bet on Stablecoins: What Do the Smart Money See?

marsbit01/13 14:00

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