Original | Odaily Planet Daily ( @OdailyChina )
Author | Ethan ( @ethanzhang_web3 )
RWA Sector Market Performance
According to the latest data from RWA.xyz, as of August 12, 2025, the total value of the RWA on-chain reached $25.62 billion , an increase of $ 310 million from $25.31 billion on August 5, a weekly increase of approximately 1.22% , continuing its recent moderate upward trend. The number of on-chain asset holders increased from 342,205 to 349,057 , a weekly increase of 6,852 , or 2.00% . The number of asset issuers increased by 2 to 259 , marking two consecutive weeks of growth. Regarding stablecoins, the total value rose from $257.82 billion to $260.93 billion , an increase of $3.11 billion , or 1.21% . The number of stablecoin holders increased from 187.53 million to 188.67 million , a weekly increase of 1.14 million , or 0.61%.
Looking at asset classes, private credit rose 1.96% this week, from $15.3 billion to $15.6 billion , representing a core market position. U.S. Treasuries rose slightly from $6.6 billion to $6.66 billion , ending a two-week decline. Commodity assets edged up from $1.8 billion to $1.9 billion , marking two consecutive weeks of growth. Institutional alternative asset funds saw a 4.95% decrease from $825.6 million to $784.7 million , the only asset class to experience a significant decline this week. This may be due to some institutions adjusting their non-standard asset portfolios and realizing gains.
What are the trends (compared to last week )?
This week, the RWA market continued its trend of "moderate expansion and structural adjustments." On-chain user base continued to grow, along with the number of asset issuers, maintaining a steady pace of ecosystem expansion. Structurally, funds saw a simultaneous increase in allocations between high-yield and defensive assets, with both private credit and US Treasuries rebounding, indicating a balancing act between risk appetite and safe havens. Commodity assets saw a slight upward trend, reflecting continued market interest in inflation hedging and diversification amidst the backdrop of inflation and commodity price volatility. In contrast, institutional alternative funds saw a significant decline this week, potentially indicating that some institutions are choosing to lock in gains or reallocate funds to more liquid and secure assets amidst the overall market's steady rise.
Review of key events
Blockchain lending platform Figure Technology Solutions submits draft IPO to the US SEC
Blockchain lending platform Figure Technology Solutions has filed confidential draft documents for an IPO with the U.S. Securities and Exchange Commission.
Earlier news, Figure Technology Solutions is a startup that provides home loans and operates a cryptocurrency exchange on the blockchain. Its co-founder Mike Cagney said that the company plans to go public this fall and is taking advantage of the White House's more cryptocurrency-friendly policies and investors' growing interest in the industry to promote related business development.
Ripple to acquire stablecoin platform Rail for $200 million
Ripple will acquire the stablecoin platform Rail for $200 million. The transaction is expected to close in the fourth quarter of this year. Rail is a Toronto-based payment platform invested by Galaxy Ventures and Accomplice.
Clearing firm Marex integrates JPMorgan's blockchain settlement system
Clearing firm Marex has announced that it has integrated with JPMorgan Chase’s blockchain settlement system, Kinexys Digital Payments, through a partnership with Brevan Howard Digital. The partnership aims to modernize payments infrastructure and reduce settlement risk by leveraging programmable, always-on digital ledger technology.
Galaxy plans to issue tokenized stock GLXY
According to market news: Galaxy plans to issue tokenized shares GLXY and has signed an RWA platform agreement with Robert Leshner's Superstate.
MetaMask and Stripe partner to launch mmUSD stablecoin, laying out the DeFi payment ecosystem
MetaMask is collaborating with Stripe to launch MetaMask USD (mmUSD), a USD-pegged stablecoin, with plans to deeply integrate it into MetaMask's decentralized application tools. Leveraging Stripe's payment infrastructure, mmUSD will enable efficient fund transfers between the banking system and blockchain platforms, enhancing the usability and stability of crypto payments.
Hot Project Dynamics
MyStonks (STONKS)
One sentence introduction:
MyStonks is a community-driven DeFi platform focused on tokenizing and trading Reliable Warrants (RWAs) such as US stocks on-chain. Through a partnership with Fidelity, the platform offers 1:1 physical custody and token issuance. Users can mint stock tokens like AAPL.M and MSFT.M using stablecoins like USDC, USDT, and USD 1, and trade them 24/7 on the Base blockchain. All trading, minting, and redemption processes are executed by smart contracts, ensuring transparency, security, and auditability. MyStonks is committed to bridging the gap between TradFi and DeFi, providing users with highly liquid, low-barrier-to-entry on-chain investment in US stocks, and building the "NASDAQ of the crypto world."
Latest News:
On August 8, MyStonks announced that it had successfully completed the filing of the U.S. Security Token Offering (STO) and obtained compliance qualifications to issue security tokens to qualified investors in the United States.
On August 11th, MyStonks announced the official launch of its open beta contract trading service at 4:00 PM. This service supports perpetual contracts for US stock tokens in the RWA sector, offering flexible leverage up to 20x and a matching engine with millisecond-level feedback. Last week's $9,283.75 in contract fees will be refunded in BMNR.M tokens. This refund mechanism will cease after the public beta launch.
Pharos (/)
One sentence introduction:
Pharos is a next-generation Layer 1 public chain focused on Reliable Access (RWA). It utilizes a modular design and highly parallel architecture, boasting a testnet TPS of up to 30,000. Its GPU-like architecture improves storage efficiency by 80%, enabling it to support billions of users. Its core team, hailing from Ant Financial, Alibaba Blockchain, and leading Web 3 projects, possesses extensive experience in institutional finance and on-chain ecosystems. Pharos focuses on institutional-grade RWA scenarios and enterprise-level DeFi needs, aiming to provide high-performance infrastructure for traditional institutions to enter Web 3. In November 2024, the project secured $8 million in seed funding led by Faction and Hack VC, with participation from SNZ Holding and Hash Global.
Latest News:
On August 8th, the RWA L1 public blockchain, Pharos, announced plans to integrate the Morpho network lending infrastructure into its mainnet. This collaboration aims to bring real-world assets on-chain into a modular, transparent lending system. The Morpho lending protocol currently secures over $9 billion, marking a strategic step toward building credit channels for institutional and decentralized participants in the DeFi lending market.
Related links
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- 核心观点：RWA市场持续温和增长，结构优化。
- 关键要素：
- RWA链上总价值周涨1.22%至256.2亿美元。
- 私人信贷涨幅1.96%，成市场核心。
- 机构另类资产基金下降4.95%。
- 市场影响：推动RWA生态扩容与资产多元化。
- 时效性标注：中期影响。
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