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first_img The market value of RWA on the Stellar blockchain approaches 4 billion USD, with an annual growth of about 360%

According to Cointelegraph, the market value of tokenized real-world assets (RWA) on the Stellar blockchain is expected to grow by approximately 360% by 2026, rising from $868.8 million at the end of last year to nearly $4 billion. The Dune Analytics dashboard maintained by Stellar shows that as of August 29, the market value of RWA on the network reached $3.996 billion, covering asset classes such as U.S. Treasury bonds, private and public credit, and non-U.S. government debt.The concentration of issuers is relatively high, with Spiko leading at $1.55 billion, followed by Realiz ($559 million), Tradable ($548 million), Franklin Templeton ($546 million), and Ondo ($535 million). Stellar has also made breakthroughs in the non-U.S. government debt sector, with the Stellar Development Foundation citing data from RWA.xyz stating that as of August 20, the network held approximately $490 million in such assets, including tokenized Mexican CETES and Brazilian government bonds issued through Etherfuse.Institutional adoption continues to drive growth. In May, the Depository Trust & Clearing Corporation (DTCC) announced plans to integrate its tokenization services with Stellar, with DTC tokenized assets expected to go live in the first half of 2027, potentially supporting tokenized U.S. Treasury bonds, major index ETFs, and Russell 1000 constituents. In July, Tradable announced plans to bring up to $1 billion in private credit assets to Stellar.

first_img Stellar on-chain RWA assets exceed 3 billion USD, DeFi TVL is only 213 million

According to a report released by the oracle provider RedStone, the scale of tokenized real-world assets (RWA) on the Stellar chain surpassed $3 billion in July, while the total value locked (TVL) in the network's DeFi was only $213 million, showing a significant gap between the two. The report pointed out that the issuance speed of RWA far exceeds the development of the lending market and collateral pools, which has become a bottleneck restricting the use of on-chain assets.RedStone attributed the growth mainly to four products: Amundi and Spiko's overnight fund ($713 million), Spiko's government bond fund ($536 million), Ondo's USDY (over $533 million), and VuMe Bond 2030 ($500 million). Data from DefiLlama shows that the TVL of the Stellar network is $232.72 million, of which the lending protocol Blend has locked $150.03 million, but the funding pool accepting RWA as collateral is only about $2 million.The report believes that the settlement times of traditional government bonds, credit funds, and money market funds do not match the instant settlement requirements of on-chain lending, while 24/7 price oracles are key to making RWA usable as collateral. Currently, Stellar has connected to 55 SEP-40 price sources from RedStone, covering government bonds, corporate credit, tokenized gold, and money market funds. In addition, the report mentioned that the Depository Trust & Clearing Corporation (DTCC) plans to introduce custodial assets to Stellar by 2027, with a scale of custodial assets reaching $114 trillion.

a16z raises $1.1 billion for a new fund: focusing on the construction of a full set of infrastructure for AI operations

Silicon Valley's renowned venture capital firm a16z has announced that it has raised $1.1 billion for its latest fund, the Machine Age Fund, which will focus on investing in the full suite of computing infrastructure that supports AI operations, including chips, memory, networking, storage, as well as complete systems such as data centers, robots, and home AI devices.a16z stated that over the past year, there has been a significant turning point in the growth of AI in terms of application capabilities and types of work. As AI expands from chat and reasoning further into programming and other knowledge work, the demand for computing power and tokens is experiencing exponential growth, and machine intelligence is accelerating its deep development.a16z indicated that its team possesses extensive experience in hardware, data centers, chips, networking, and large-scale computing systems. They have also established a resource network covering market expansion, talent recruitment, marketing, customers, suppliers, and American manufacturing, which will further support the next generation of AI hardware entrepreneurs. a16z mentioned that we are currently at an important juncture in the transformation of computing paradigms and look forward to collaborating with entrepreneurs dedicated to reconstructing AI hardware and advancing the arrival of the "Machine Age."

first_img Bernstein: IREN's $25 billion to $30 billion AI expansion plan may raise concerns among investors

According to The Block, research and brokerage firm Bernstein stated that Bitcoin mining company IREN plans to invest $25 billion to $30 billion to expand its AI cloud business in fiscal year 2027. This scale of capital expenditure may "scare the market," but analysts believe investors are overlooking the improving economic benefits.Bernstein analyst Gautam Chhugani pointed out in a report to clients on Friday that the payback period for GPU capital expenditures has shortened from about three years under the 2025 Microsoft contract to about two years. IREN's fiscal year 2026 performance released on Thursday showed that AI cloud service revenue grew nearly eightfold from $16.4 million the previous year to $128.8 million, while Bitcoin mining revenue reached $578.2 million, a year-on-year increase of 19%. Total revenue rose from $501 million to $707 million, but the company recorded a net loss of $702.6 million, partly reflecting a $638.8 million impairment due to the retirement of Bitcoin mining hardware to support AI cloud expansion.Bernstein stated that IREN currently has an annualized run rate revenue of $1 billion from operating cloud and $4 billion in contract revenue, with its 2026 capacity nearly sold out. In addition to the expected $700 million related to the Nvidia contract in 2027, IREN's total contract cloud ARR amounts to $4.7 billion. Over the past 12 months, IREN has raised $19 billion through customer prepayments, GPU financing, convertible bonds, and equity issuance.
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