RWA has begun to rise prominently in the two major regions of the US and the UAE

This is one of the ten predictions for 2025 from my pinned post. The background of this statement is: The market size of RWA has more than doubled since 2024, reaching 18 billion, but there has still been little discussion in the secondary market.

It wasn't until this year that tokens focused on RWA began to enter the market, which started to create some buzz.

Injective, as an L1 positioned in financial attributes, has continued to build through cycles while also entering the RWA market.

Many aspects of RWA already had concepts and business scenarios in place before, but due to unclear policies, there was no large-scale advancement.

Today, I also have a post viewpoint: RWA is experiencing a whirlwind.

Setting stablecoins aside, the following chart not only shows the development cycle trend of the entire RWA track but also intuitively displays the composition of the subcategories within the track.

Personal credit, the U.S. Treasury market, commodities (precious metals), and institutional non-standard funds are the main participants in the entire track.

Among them, the U.S. Treasury market and institutional non-standard funds currently account for a quarter of the entire RWA market share, especially in the context of a crypto-friendly stance from the U.S.

By deploying on Injective, Libre not only expands the diversity of Injective's ecosystem, but also allows users on the Injective chain to access on-chain fund products through its application [Libre Gateway] (BlackRock is one of the main issuers in the U.S. Treasury tokenization market).

In addition, there are alternative asset fund strategies provided through Libre, introducing on-chain neutral strategies developed by Laser Digital.

The specific principles are not detailed, only mentioning the use of funding rates and staking rates. I speculate that it adds the native yield of POS assets based on [hedging positions to earn rates] to achieve better asset management yield opportunities.

Furthermore, through further tokenization of fund assets, it can drive the derivation of other DeFi ecological plays on the Injective chain. This logic is somewhat similar to the role of USDT being natively deployed on a certain chain.

Here, Libre merely introduces these deployments to Injective in a third-party manner, acting as a kind of "asset liquidity injection."

The issuance of protocol assets in the RWA track often means that it has received regional regulatory support behind it, making it difficult to reference the mainstream market's primary airdrop profit model for this track.

However, from the perspective of a derived ecosystem, external RWA protocols can play the role of liquidity injection or act as hooks for [new asset combinations], which actually brings about a Lego-style DeFi combination play.

This is some significance I have recently associated with RWA for the on-chain ecosystem through the issuance of stablecoins.

According to data from rwa.xyz, currently, the top five chains account for 90% of the value carried in the entire industry's RWA ecosystem. Injective, by integrating Libre to expand RWA, along with its focus on the DeFi field, is completely predictable in quickly capturing market share.

Recently, Injective has also put Nvidia stock trading on-chain, allowing users to trade Nvidia stocks (code: $iNVDA) around the clock through Injective.

This was achieved through its previously launched RWA asset framework, iAssets, which allows for the on-chain launch of any stocks, bonds, or ETFs. The core principle is actually quite simple, which is to use oracles to achieve price anchoring on-chain and off-chain.

Securities tokens have always been the mainstream of the RWA market, but the growth in volume has not been as significant as other concepts. I recall that FTX once launched "stock tokens," allowing users to trade stocks like Tesla (TSLA), Apple (AAPL), and Coinbase (COIN) in token form, but this was backed by a centralized entity.

Injective's framework issues in an on-chain manner, making it even more predictable to capture market share in this track with many incremental markets.

Supplement: According to data from rwa.xyz, the current volume of securities tokenization is still less than twenty million.