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RWA Research 2025—Driving Adoption: Tokenization & Beyond

RESEARCH PAPER
2025-10-30

Our annual research paper examines the state of tokenized markets through a global lens—covering the rise of tokenized equities, the maturation of stablecoin frameworks, and the growing role of regulated on-chain platforms in bridging traditional and digital finance.

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Market Decoded: When Having No View Is the View

2026-04-07

In uncertain markets, liquidity is not defensive. Kevin Loo examines why on-chain money market exposure offers yield, flexibility, speed.

March 2026: Where Structure Started to Matter More

2026-04-02

March’s market shifts reshaped how on-chain allocators think about liquidity, duration, credit structure, real assets, and regulation.

2026 RWA Outlook: Macro, Liquidity, and Distribution

2026-01-28

Tokenized real-world assets in 2026 will be shaped by macro, distribution, and liquidity. Explore which asset classes could lead the next wave.

What Stream Finance Reveals About Web3 Treasury Risk Today

2025-11-26

Stream Finance’s collapse exposed hidden risks in DeFi. Learn why Web3 treasuries are shifting toward regulated tokenized assets.

When the Market Sneezes: Understanding October’s Correction

2025-10-16

Crypto markets saw $19B in liquidations amid an October macro sell-off—driven by tariffs, not trust collapse. Structure, not sentiment, endures.

Tokenized Equities Take Flight—But What Will It Take to Scale?

2025-07-25

The tokenized stock market is still early. How it evolves will depend on whether we can transition from tactical distribution to long-term infrastructure.

Singapore’s Regulatory Pivot: The Start of An Institutional DeFi Era?

2025-06-11

Is Singapore’s regulatory tightening a signal of retreat or recalibration? A shift from Web3-friendly times or a step towards a more mature ecosystem?

Hong Kong’s Stablecoin Bill: A Signal for Asia’s RWA Future?

2025-05-23

With Hong Kong’s stablecoin framework coming after U.S. GENIUS Act, the global momentum for digital finance regulation is accelerating.

How the GENIUS Act is Rewiring the Digital Asset Market

2025-05-22

Following the U.S. Senate passing the GENIUS Act, the regulation of stablecoins is now expected to reshape the broader tokenized finance landscape.

How Institutional-Grade RWAs Hold Up in a Market Sell-Off

2025-04-08

When markets turn, institutional capital moves in search of stability, liquidity, and protection. How can institutional-grade RWAs meet that need?

Navigating Web3 Trust Gaps: Lessons from the FDUSD Incident

2025-04-04

Recent volatility surrounding FDUSD has reignited a critical conversation: what does trust look like on-chain—and how can we build it?

Trump’s Reciprocal Tariffs: A Catalyst for Senior Loan Opportunities

2025-03-26

How will Trump’s reciprocal tariffs against duties imposed on U.S. goods usher in new hedge and yield opportunities for senior secured loans?