Latest Developments and Project Updates of RWA

According to The Kobeissi Letter, the total scale of real-world asset (RWA) tokenization has reached a record $33.8 billion, an increase of about 1600% compared to two years ago, with the adoption rate still accelerating.The growth is mainly attributed to on-chain platforms like Jupiter collaborating with institutions such as Securitize, xStocks, and Ondo Finance to launch tokenized assets, driving a 34% week-over-week increase in trading volume.In addition, Bloomberg reported this week that the U.S. Securities and Exchange Commission (SEC) is leaning towards allowing the trading of tokenized assets, which would be a significant shift for the U.S. in the field of crypto infrastructure.

According to GlobeNewswire, the real-world asset (RWA) tokenization platform Libeara announced the completion of a new round of financing, with the venture capital firm AlloyX Ventures under the Nasdaq-listed company SOLOWIN HOLDINGS participating. The specific investment amount has not been disclosed, and the new funds will be used to advance the construction of compliant digital infrastructure.

The Dubai Virtual Assets Regulatory Authority (VARA) released guidelines for the issuance of virtual assets on Thursday, providing clear regulations on the structural design, information disclosure, and distribution methods for stablecoins and real-world asset (RWA) tokens.The guidelines categorize token issuance into three pathways: Category 1 covers fiat-pegged and asset-pegged virtual assets; Category 2 must be distributed through licensed intermediaries, which are responsible for due diligence and ongoing compliance verification; the third category consists of functionally restricted exempt virtual assets.VARA's General Counsel Ruben Bombardi stated that the framework enhances transparency through white papers and independent risk disclosure statements, providing issuers with "greater regulatory certainty" and offering market participants a "single, exclusive reference." These guidelines serve as an interpretative document for the existing "Virtual Asset Issuance Rules Manual" and do not constitute new legislation.

According to The Block, the Democratic Party of Korea plans to incorporate tokenized real-world assets (RWA) and stablecoins into the existing legal framework, with relevant provisions included in the proposal for the Digital Asset Basic Law.The proposal requires issuers of tokenized RWA to deposit the underlying assets into a trust account in accordance with the Capital Markets Act; stablecoins are classified as a "means of payment" under the Foreign Exchange Transaction Act and are regulated by the foreign exchange authority without the need for separate registration. Small stablecoin transactions are exempt from foreign exchange reporting, while large transactions maintain regulatory requirements.In addition, the proposal prohibits providing yields on idle stablecoin balances and requires the Financial Services Commission to establish technical standards for stablecoin interoperability. The Digital Asset Basic Law is Korea's second set of digital asset regulatory regulations, which has faced multiple legislative delays, with the originally scheduled rollout in 2025 being postponed.