#RWA热潮 **RWA Boom: Tokenization of Real-World Assets Reshapes the Future of Finance**

In 2025, the RWA (Real-World Asset Tokenization) market experienced explosive growth, with a total market value exceeding $25.4 billion, a year-on-year increase of over 260 times, becoming one of the fastest-growing sectors in the Web3 field. The core driving forces include the on-chain migration of government bonds (34%) and private credit (58%), as well as technological optimizations from public chains like Solana and Plume. Institutions are accelerating their entry, with BlackRock and Franklin Templeton launching tokenized funds, while Hong Kong and Singapore compete for RWA hub status. At the same time, tokenization cases for non-financial assets (such as photovoltaic power stations and charging piles) are emerging, combining IoT and blockchain to enhance asset liquidity and transparency.

However, regulatory challenges remain, such as the lack of last-resort support for stablecoins and unresolved cross-border compliance issues. In the future, RWA may drive global asset digitization into trillion-dollar scales, reconstructing traditional financial infrastructure.