🔵 [UPDATE]
Thanks for the buzz surrounding Pharos "Stake before the Stake" on @wallet 🌊
To fully communicate, address community questions and share the excitement of team's big milestone, Pharos is splitting the session focus into 2 distinct dialogues to ensure sailors have the full picture before Mainnet 🔄
1️⃣ Pharos AMA
Theme: Stake before the Stake
🎙️ Speakers:
@wishlonger - CEO, Pharos
Julia - APAC Risk Lead, Axil (Risk Curator)
Jona Wood - Head of Global Expansion, Axil (Risk Curator)
⏰ Time: April 8, 1PM UTC
👉 Session: https://t.co/xnXTDRBf6M
2️⃣ The Ecosystem Space
Theme: Lane to Mainnet: 中文港 · 起航
New time to be shared. Stay tuned!
Don't miss both sessions. They are designed to give you the ultimate edge🌊🌊
3/
On Pharos AtlanticOcean Testnet, the momentum is unstoppable:
🔹 Millions of users onboarded
🔹 Millions of unique addresses
🔹 Strategic partnership with energy giant GCL for solar-backed RWAs
Pharos is validating the future of high-frequency, high-value financial flows before Mainnet launch
Thrilled to announce the $44M Series A to scale the onchain economy ⚓
Backed by Sumitomo Corporation's CVC arm, @snzholding, @chainlink, @FlowTraders, and some of the undisclosed giants in global finance 🏛️
Pharos is building the financial-grade infrastructure to bridge TradFi and DeFi at a global scale 🌐
The next full moon is tomorrow, Jan. 3.
Interested in what the Moon will look like any day of the year? Get the best views with our 2026 Moon Phases video!
Northern Hemisphere: https://t.co/CjtK1f855x
Southern Hemisphere: https://t.co/rRkTnhaluI
We’re about to unveil something with @pharos_network 🌊
Before it drops, make sure you’re ready.
Claim your Pharos Testnet tokens today and be part of what’s coming.
⚓ https://t.co/aEad0q7Paz
While some industry insiders dream of tokenizing industrial parks, hydropower stations, or other illiquid and non-standard assets, the reality is far more structured and grounded.
Currently, tokenized RWAs primarily consist of stablecoins, private credit, tokenized U.S. Treasuries, commodities (e.g., tokenized gold), institutional alternative investment funds, and tokenized equities. More speculative and non-standardized assets hold virtually no market share. This status quo reflects a balance reached after two market cycles of intense technological and economic iteration.
Here’s a breakdown of the RWA market structure as of September 2, 2025:
1. Stablecoins: The Backbone of RWA
Market Size: $273.18 billion
Monthly Trading Volume: $2.82 trillion
Active Addresses: 33.02 million monthly, 191 million total holders
Key Players:
USDT (60.79% market share)
USDC (25.33%)
Other notable stablecoins: USDS, USDE, BSC-USD
Usage Trends:
- Approximately 75% of stablecoin reserves are backed by U.S. Treasuries, making stablecoins a form of tokenized Treasuries.
- Stablecoins primarily reside on Ethereum ($155.5 billion) and Tron ($78.4 billion), with Solana lagging far behind ($11.1 billion).
2. Private Credit: A Booming Sector
Market Size: $29.58 billion
Average Yield: 9.75%
Key Players:
Figure: $15.3 billion
Tradable: $5.02 billion
Maple Finance: $4.08 billion
Role in RWA:
Private credit tokenization allows for faster loans, asset trading, and enhanced liquidity for traditional debt instruments.
3. Tokenized U.S. Treasuries: The Gold Standard
Market Size: $7.46 billion
Average Yield: 4.08%
Key Players:
Securitize (BUIDL): $2.39 billion
WisdomTree (WTGXX): $880 million
Franklin Templeton (BENJI): $740 million
Ondo Finance (OUSG, USDY): $1.42 billion combined
Impact: These products distribute U.S. Treasury yields to token holders, providing a secure and regulated investment avenue.
4. Commodities (Primarily Gold)
Market Size: $2.39 billion
Monthly Trading Volume: $958 million
Key Players:
Paxos (PAXG): $975 million (40.8% market share)
Tether (XAUT): $854 million (35.75%)
Role: Gold tokenization introduces a non-correlated asset to crypto portfolios, helping institutions diversify and mitigate risk.
5. Institutional Alternative Investment Funds
Market Size: $1.75 billion
Key Players:
Centrifuge (40.31%)
Securitize (37.34%)
Superstate (11.95%)
Focus: Tokenizing private equity and hedge funds to improve transparency, reduce fees, and enhance liquidity.
6. Tokenized U.S. Equities
Market Size: $342 million
Monthly Trading Volume: $164 million
Key Players:
Securitize: $226 million (79.34% market share)
Backed Finance: $88 million across 71 products (e.g., S&P 500, Tesla, Apple)
Current Trends:
- The RWA market is dominated by high-liquidity, standardized assets like U.S. Treasuries, private credit, gold, and equities.
- Stablecoins and tokenized Treasuries serve as the backbone of the ecosystem, while private credit provides higher yield opportunities.
Technology Shaping the Future:
- High-performance blockchains like Monad, MegaETH, and Pharos
- New liquidity paradigms combining CLOB (Central Limit Order Books) and AMMs (Automated Market Makers)
- Advanced oracles (e.g., Chainlink, Redstone) for real-time data feeds
Future Evolution:
- Shift from yield generation to volatility trading: Tokenized Treasuries and equities will become central to high-frequency trading and global price discovery.
- Regulatory clarity will pave the way for broader adoption. For instance, Robinhood's proposal to the SEC in 2025 envisions a federal framework that treats tokenized assets (stocks, bonds) as legally equivalent to their traditional counterparts.
Challenges for Non-Standard Assets:
- Tokenizing real estate, industrial parks, or natural resources remains difficult due to pricing and ownership verification issues.
- Precondition for large-scale adoption: Improved oracle technology and regulatory sandboxes, likely maturing post-2026.
What Lies Ahead?
- The next wave of RWA will focus on integrating non-standard assets, leveraging legal abstraction layers and enhanced liquidity mechanisms. This will unlock trillions of dollars in asset value while balancing regulatory compliance and technical innovation.
As we move forward, RWA narrative will shift from "having everything on-chain" to a more measured, scalable approach—a bridge between traditional finance and the decentralized future.
What are your thoughts on where RWA is headed next? Let’s discuss!
Join Pharos on September 25 at 12PM UTC for "Compliance is the Alpha: Winning Trust in RWA DeFi" 🔐
The panel features @ETHGasOfficial, @Brickken, @RevokeCash, @emcd_io, @0xspout and Pharos Head of Ecosystem @wilguish exploring how compliance drives competitive advantage in RWA
Hosted by @jack_gk!
1 HOUR TO GO! ⏳
Don’t miss "Behind The Blocks with Pharos: The Evolution of Crypto Lending Markets" happening on X Spaces
👥 Featuring @kaijufinance & @open_fi_
🔥 Get ready for an in-depth discussion on the future of DeFi lending
See you shortly
Check out our first foundation article
The RWA Revolution: Landscape and Investment Opportunities
Authored by @Laaaaacieee, founder of @BlockchainNKU and @xizhe_chan from Peking University.
Real-world assets aren’t truly onchain until markets are open to everyone.
@pharos_network is building the infrastructure to make that happen.
Stable Takes is where we’ll imagine the future of finance – open markets, no walled gardens.
Register here ⬇️ https://t.co/GaOK6dPYTT
Reliable oracle infra is what makes blockchain data usable
Not just readable but actionable
@blocksense_ is building the kind of composable, proof-ready oracle layer that real apps will need
This is the direction that scales with Pharos ecosystem
6/6 This represents a major advancement in financial infrastructure—transforming how traditional assets are issued, traded and settled while maintaining the transparency and efficiency benefits of blockchain technology
Learn more: https://t.co/WZu9O9Aen6