#RWA热潮 RWA Boom: The 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 from public chains like Solana and Plume. Institutions are accelerating their entry, with firms like BlackRock and Franklin Templeton launching tokenized funds, and Hong Kong and Singapore competing for RWA hub status. Meanwhile, tokenization cases for non-financial assets (such as photovoltaic power stations and charging piles) are emerging, combining IoT with 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 could drive the digitalization of global assets into the trillions, restructuring traditional financial infrastructure.