RWA is undoubtedly a hot track in the cryptocurrency space this year, with major projects entering the market. Ondo Finance recently launched the asset tokenization platform Ondo Global Market, supporting on-chain trading of thousands of publicly traded U.S. securities, including stocks, bonds, and ETFs. Kraken partnered with Backed to release xstocks, enabling customers to trade popular stocks and ETFs listed in the U.S.

According to statistics from rwa.xyz, RWA currently has an asset scale of $22.9B.

The entire RWA industry has experienced rapid growth by 2025, but still faces a series of challenges such as regulatory uncertainty, investor protection, and industry standardization. #RWA #ONDO‬⁩