The real asset market (RWA) tokenization is witnessing the explosive growth rate. In just two years, the American treasury bond has increased by tokens by more than 7,000%, with the guidance of Blackrock and Ondo. Ondo alone has grown 120% since the beginning of 2025, reaching the management scale of more than 1.3 billion USD, accounting for about 33% of total global token assets. On the solana blockchain, the amount of stablecoin issued by Ondo reached 250 million USD, equivalent to 64% market share.
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