Most people start with tokenization , agree?
We're starting with the city itself
SEVASTOPOL AI is being built as the interface layer of city life
A system where people can discover places, events, businesses, routes and local experiences through a single AI-powered entry point
But this is only the first layer
Underneath sits CITY CODE - an economic infrastructure designed to connect demand, local commerce, communities and partners into a unified ecosystem
And beneath that lies the long-term vision:
CRIMEA RWA
A future asset layer where real-world assets - hospitality, tourism, real estate, vineyards, marinas and local businesses - can become part of a digitally connected economy
AI Layer.
Economic Layer.
Asset Layer.
SEVASTOPOL AI 👉 CITY CODE 👉 CRIMEA RWA
Building the digital infrastructure of a city from the ground up
@PavelYuRichRWA@DefiLlama Great digest, Pavel!
RWA is heating up fast SEC exploring on-chain stock trading, Bitget + xStocks reaching 90M users, and the sector crossing $65B with strong 5x growth.
Don’t Miss with YuRich #7 | May 19
Gm and shoutout @DefiLlama
1️⃣US SEC Prepares Historic Framework for On-Chain Trading of Tokenized Stocks🏛️
Reports confirm the SEC, under Chairman Paul Atkins, is finalizing an "innovation exemption" allowing digital, blockchain-based versions of publicly traded shares to trade on crypto platforms. The framework will permit third parties to issue tokens tracking public equities without explicit corporate consent
https://t.co/dlW7jxgD8m
2️⃣ @BitgetWallet Partners with @xStocksFi to Bring 130+ Tokenized Equities to 90M Users📱
On May 19, @bitget Wallet announced a massive consumer-facing expansion by integrating xStocks' infrastructure (backed by @krakenfx ). This allows 90 million self-custodial users to trade over 130 1:1 asset-backed tokenized blue-chip equities (Nvidia, Apple, Tesla) and ETFs directly inside the app 24/7/365 with zero gas fees. xStocks has officially crossed $30 billion in total processed volume
https://t.co/SMf4ierkt3
3️⃣Total On-Chain RWA Market Value Surpasses $65 Billion📊
A verified ChainCatcher market report published on May 19 confirms the total market value of on-chain RWAs has cleared $65 billion, a 44% increase from $45B at the start of the year. Ethereum retains its absolute crown with 33% market share, followed closely by Provenance Blockchain at 27%, while BNB Chain, XRPL, and Solana hold 6% each
https://t.co/PdTXuPfq0I
4️⃣RWA Core Metrics Surge 5x Since Early 2025📈
Data compiled by @Cointelegraph and published by @RootDataCrypto on May 19 shows the specific institutional tokenized RWA segment has reached $31.4 billion, effectively locking a 5x macro growth multiple since the beginning of 2025
https://t.co/fmoJYB4Aih
5️⃣Clearing Giant DTCC Bringing $150 Trillion Post-Trade Inventory On-Chain⛓️
Speaking at Consensus 2026, DTCC Digital Assets Head Nadine Chakar announced that the infrastructure titan is actively migrating its full post-trade infrastructure onto shared digital ledgers. A production soft launch is officially scheduled for July 13
https://t.co/5TmCmfAQJN
@PavelYuRichRWA@nikitabier Hey Pavel,
Totally agree botting in Spaces is still a huge pain. Fake listeners, spam chats, ruined engagement.
@nikitabier, some better anti-bot protection for Spaces would be awesome.
Keep cleaning it up!
.@nikitabier hey-hey Nik, really appreciate the aggressive bot purges you’re doing platform-wide
Still, one area that’s still painful for creators is Spaces - they get heavily botted with fake listeners the moment they start. Inflated numbers, chat spam, ruined experience
We have clear wishes and several concrete implementation paths that could solve this quickly
@nikitabier , колл ми бэк😉
RWAs r the 2026 super-cycle, but most TVL is made of "Paper Tigers" 🚩
While every1 is chasing yield, I'm deep-diving in2 the audit. U cannot outrun a bad legal structure. If a protocol can't answer "What happens to the asset if we go bankrupt?", it's a gambling den
Stop being exit liquidity. Audit ur RWAs using this 5-point checklist before buying:
1️⃣ Legal Wrapper Check: SPV documents must show a direct, enforceable claim on the physical asset. No claim = no value
2️⃣ Bankruptcy Remoteness: Is the SPV isolated from the protocol’s debt? Check the docs for asset-level ring-fencing
3️⃣ Oracle Integrity: How is off-chain valuation brought on-chain? Use Chainlink or specialized providers, not an admin key
4️⃣ Proof of Reserve: Use on-chain Proof of Reserve and/or verified Tier-1 auditor attestations, not a dashboard UI
5️⃣ Off-Ramp Liquidity: If u cannot easily sell or redeem, it's not a market, it's a trap. Check secondary market volume on licensed exchanges
RWA isn't a category; it's an inevitability. But only 4 those who audit
Which check is the biggest challenge 4 new projects? Drop your thoughts below. 👇
8/8 Bottom line: the text is classic Solana-maximalism hype (inspired by @toly
vibes), facts on holders/growth are correct, but ignores Ethereum dominance. RWA grows, but "Solana center of everything" - not yet
Take off the rose-tinted glasses: tokenization 1–5% of global capital by 2030 (A16z), not 100%. If investing - diversify (Eth + Sol), don't believe "last cycle" stories mates
What do you think? Will Solana catch Ethereum in RWA value or Ethereum stays king of institutions? Share facts in comments
7/8 "Community will see liquidity growth, institutional integration, full tokenization of economy."
Trend is real: RWA $26.93B, integration (ECB tokenized securities from March 30, 2026). But "full tokenization" - speculation sorry. Cycle can be bullish (Solana holders +8.42%), but not "final". Ethereum remains the base for mass RWA adoption (663 assets vs Solana 345), mature ecosystem. https://t.co/WeT0T0xlK3 removes rose-tinted glasses - growth yes, revolution tomorrow - no
6/8 Why? Ethereum is mature, trusted, compliant. Solana wins on speed & fees - that's why retail holders grow faster (+8.42% 30d). But for big tokenization (Treasuries, credit) - Ethereum. Solana excels in retail, not "center of everything". https://t.co/WeT0T0xlK3 shows truth: Canton $326B (86.86%), Provenance $15.58B, Ethereum $15.58B, Solana only 8th with $1.68B.
5/8 "Solana is the base for the largest real-world projects."
No, not true. Biggest RWA projects are on Ethereum: BUIDL BlackRock $1.994B, USYC Circle $2.219B, USDY Ondo $1.21B, syrupUSDC Maple $1.74B. They choose Ethereum for liquidity, 10+ years security, EVM compatibility. Solana has good niches: Hastra PRIME $315M, OnRe ONyc $139M - ofc strong, but not "largest". Institutions pick Ethereum 57% , Solana 0.49%.
4/8 "Solana takes first place in readiness & adoption." Partially true on speed yup (fees <0.01$, TPS 65k+ vs Ethereum 1.5M post-Dencun). Solana leads holders: 161,356 vs Ethereum 156,773-solid milestone, retail & low-cost entry shine
BUT value/TVL: Ethereum $15.58B (4.15% market share), Solana $1.68B (0.49%) in League Table. Gap is massive, https://t.co/WeT0T0xlK3 doesn't lie - Solana grows (+7.76%), but not "first"
3/8 "Everything will be tokenized, every dollar moves to decentralized ledgers." Hype with some basis okay
Tokenization is growing: Treasuries $2.22B (USYC Circle +36.81%), BUIDL BlackRock $1.994B (+4.81%). Institutions (BlackRock, Franklin Templeton) are tokenizing bonds/stocks. But "every dollar" - no way mates. Biggest projects live on Ethereum. A16z estimates tokenization 1–5% of global capital by 2030, not 100%. This is hybrid, not the end of TradFi
2/8 "Biggest & last cycle, after which no assets remain off-chain." Partially true, but way overstated. RWA distributed value $26.93B (+4.09% 30d), represented $346.78B (https://t.co/WeT0T0xlK3)
Bernstein called 2026 a supercycle with TradFi integration, but "last cycle" is speculation - same as 2017 ICO or 2021 NFT "final" calls, which ended in crashes. Tokenization won't kill TradFi cause regulation (SEC, MiCA) slows it, 99% of global capital ($500T+) is still off-chain. Cycle can be bullish, but volatility stays
1/8 The narrative is loud: "The biggest bull cycle ever is starting - the last one, because soon EVERYTHING will be tokenized, TradFi dies, blockchain becomes the only capital system." Sounds epic buddy
But let's check facts, okay? Ethereum still dominates RWA by real capital and institutions. Solana's "first by readiness" claim is overhyped. Breaking it down point by point, March 2026 data from https://t.co/WeT0T0xlK3 (shoutout to these guys for real numbers) #RWA