Today, let's talk about RWA:

RWA, in simple terms, refers to the tokenization of real-world assets.

In the second half of 2025, the crypto market is as hot as a hot pot, moving traditional financial "antiques" onto the blockchain with RWA, a "new dish" ranging from real estate to national bonds, from gold to artworks.

Today, let's conduct a macro analysis to see whether RWA is truly a potential stock and if it's worth our investment.

First of all, why has RWA suddenly become so popular? I believe there are three reasons:
First, the pain points of traditional finance are obvious. Currently, the global economy is highly volatile, the Federal Reserve's policies are fluctuating, and inflation remains around 3%. The traditional financial market is inefficient and has high barriers to entry. In contrast, the transparency and efficiency of blockchain perfectly meet the demand for asset tokenization, with the RWA market size skyrocketing by 380% in three years, from $5 billion to $24 billion. It is second only to stablecoins.

Secondly, institutional funds are pouring in, with giants like BlackRock and Goldman Sachs entering the market with billions of dollars, and the ETF craze extending from Bitcoin to the RWA sector. There is also good news on the regulatory front, as the European MiCA legislation and the U.S. GENIUS Act provide a clear compliance path for the industry.

Third, the technical infrastructure is mature. Breakthroughs in technologies such as smart contracts and oracles have made it possible to put real-world assets on the blockchain, and the DeFi ecosystem provides liquidity support for RWA.

The key point is here! In the second half of 2025, which potential coins in the RWA track are worth paying attention to? I have selected three projects for everyone's reference!

(ONDO): Focused on the tokenization of government bonds and real estate, in collaboration with BlackRock, with an annual yield of 4%-5% and high institutional recognition.

Centrifuge (CFG): Solving financing challenges for small and medium-sized enterprises by tokenizing invoices and accounts receivable to provide collateral for MakerDAO, with active loans exceeding $500 million. Just a reminder, the risk of CFG's asset pool should be closely monitored; otherwise, "tipping over" is not a joke.

Mantra (OM): The "On-chain Artwork" of art and real estate focuses on the NFTization of artworks and real estate, with distinct community governance features. Benefiting from NFTs and the recovery of the real estate market, it may be another potential stock.

In the second half of 2025, the potential of RWA will be like a runaway wild horse: institutional participation, clearer regulations, and increased liquidity, with the market size expected to soar to 50 billion or even 1 trillion dollars! Ondo's stable returns, CFG's empowerment of SMEs, and the OM art boom are all highlights of a bull market.

But the risks are not small: regulatory uncertainties, dependence on centralization, and technical vulnerabilities can all cause RWA to "flip over." So, brothers and sisters, investing in RWA should be like dating – you can be infatuated, but you must stay clear-headed! Study the white papers more, pay attention to on-chain data, and don’t let the bullish market sentiment cloud your judgment!