Crypto assets are penetrating into the global listed company ecosystem in a more compliant and capital-narrative manner.

Private equity tokenization is reshaping the way retail investors participate in the primary market.

Paxos Labs opens a custom stablecoin API, filling the last piece of the puzzle for traditional companies to enter the crypto market.

Ondo Finance launches Global Market Alliance; JPMorgan Chase pilots JPMD deposit tokens on Base chain.

This article is based on the speech given by Cobo Lily Z. King on June 10, 2025 at the RWA event of Jun He Law Firm in Hong Kong for a number of securities firms, funds, stablecoin institutions and family offices on the theme of "Real World Asset Practices in an Uncertain World".

Circle's stock price soared 7 times, establishing its leading position in stablecoins, and traditional financial technology giants accelerated their layout.

Thailand SEC will block several trading platforms.

Tokenization is completely reshaping the liquidity and accessibility of assets.

In addition to regulation, what is more worthy of attention is the deep reconstruction of financial infrastructure and trust mechanism.

On May 21, Hong Kong completed the second and third readings of the Stablecoin Bill, which was formally passed by the Legislative Council. On May 29, 2025, the Stablecoin Ordinance (hereinafter referred to as the “Ordinance”) was promulgated and announced that it will officially take effect on August 1. This event has triggered a wave of enthusiasm both inside and outside the circle.

With its unique Web3+AI architecture, BlueX is committed to becoming the "Nasdaq+BlackRock of Web3".

Michael Saylor's prediction is coming true, orange flags are being hoisted around the world.

Ant Group will apply for stablecoin licenses in Hong Kong and Singapore; Bank of America is willing to launch stablecoins with partners.

This article will combine the most cutting-edge regulatory framework at present to conduct a comprehensive and in-depth analysis. It will also focus on the progress of future key directions such as standardized assets, physical asset RWA, and infrastructure service providers in the field of technical regulatory collaboration.

RWA still has a long way to go before becoming a truly “mainstream track”.

This week, the number of RWA asset holders surged by 47.3%, reaching a total of 167,000.