The butt determines the head. Let's hear what arguments the military and the air force have.

Apollo received $50 million in support and launched a new tokenized credit fund; the Cardano Foundation updated its roadmap: it plans to focus on supporting the development of stablecoins and RWAs.

Going on-chain is only the starting point of RWA; making assets truly tradable is the ultimate goal of tokenization.

LBank Labs与韩国国会议员闵炳德及韩国区块链产业促进协会（KBIPA）合作，在KBW 2025期间成功呈现了“全球区块链论坛——韩国 2025”

将股票搬上链，仅是第一张多米诺骨牌，催生新的可组合玩法与衍生生态，才是更宏大的RWA图景。

RWA is at the crossroads of the "blue ocean" and the "red ocean". Ahead is a vast ocean leading to a trillion-dollar market, but also reefs filled with laws, risks and liquidity.

This article takes stock of the RWA concept listed companies that have been active in the market recently to see what new financial stories they are telling.

RWA不只是资产上链，而是区块链与TradFi握手的开始。

谁的决心更大？全景梳理主流钱包在代币化美股领域的布局路径。

Institutional Adoption and RWA: BNB's Secondary Booster, Is the Era of Triple-Digit BNB Coming to an End?

而从长远来看，RWA的真正价值，不仅在于资产上链本身，更在于它如何重构链上资本市场的可组合性、流动性和全球互联能力。

市值超68亿美元，链上120亿美元的RWA发行规模，可验证资产却仅3000万美元？

After a sharp rise on the first day of listing, it was immediately questioned, and the prospects of the world's first RWA stock have sparked heated discussion.

Ant Digits announced the establishment of Ant Chain Credit; Yunfeng Financial raised approximately HK$1.17 billion through the placement and issuance of new shares to support the launch of comprehensive virtual asset trading services.

The emergence of Web3 technology has injected new vitality into this ancient collectibles market.

本报告将以专业投资视角，围绕市场信号、资金流向、核心板块、风险与策略展开，重点回答三个问题：山寨季是否真正启动？资金在流向哪里？投资者应如何布局？