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

In 2025, the RWA (Real-World Asset Tokenization) market is expected to experience explosive growth, with a total market value exceeding $25.4 billion, a year-on-year increase of over 260 times, making it one of the fastest-growing sectors in the Web3 space. Core driving forces include the on-chain migration of government bonds (34%) and private credit (58%), as well as technological optimizations by public chains such as 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 of non-financial assets (such as photovoltaic power stations and charging piles) are emerging, combining the Internet of Things and blockchain to enhance asset liquidity and transparency.

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