💸 Ethereum to $10 Billion?

RWA World Newsletter - Aug 1, 2025

Author

Ray Buckton
August 01, 2025

A GM to you, dear reader – Ray Buckton, Head of Research at RWA World, locked in with your weekly dose of asset tokenization. 💊

We’re kicking off with Ethereum again – this time, BlackRock’s ETF surpassed the $10 billion milestone as institutional adoption skyrockets. ☁️

🎯🔥 Rapid Fire Takeaways:

And with companies like GameSquare discussing a $250 million Ethereum treasury, there may be even more inflows. 🌄

Chat with us live about this topic and more on Tuesday and Thursday at 2 pm EDT on Wolf Crypto. If you want to be part of the panel, email or message us on X – we’d love to hear your take. 🐺

🏛️ Govs, Regs, and Associations, Oh My! 

The Global South is increasingly emerging as a testing ground for digital asset legislation on the heels of new US regulations, with Uruguay recently clarifying the legal status of Bitcoin. In Africa, Nigeria’s SEC is open to stablecoins and has established a framework for the asset class. Simultaneously, a gold-backed stablecoin has emerged on the continent to curb dollar dominance and offer Africans a digital store of value. 🌍

🤝 Howdy, New Partners

Before we talk partnerships, let’s talk capital. Archax bought Deutsche Digital Assets to extend its EU operations, as BioSig and Steamex merged to tackle tokenized commodities. In terms of investments, we have: 

Now, about those partnerships. The big ticket item is Bank of America's partnership with Ripple to boost RLUSD adoption – all that growth has to come from somewhere. Other handshakes on the books include: 

Money is flowing, partnerships are forming, and tokenization shows no signs of slowing down—quite the opposite.

👛 Stablecoins Rising

With Tether officially planning US market entry, Tron has dominated USDT for DeFi growth, overtaking Ethereum in stablecoin supply. They’re not the only network in the spotlight – Ripple is seeing its RLUSD grow among retail users, seeing a rise in DeFi usage as the market cap soars to $577 million. Not far behind USDD, which passed $600 million on the back of its 20% APY offering, far above Binance’s new RWUSD APY of 4.2%. In the middle is Falcon Finance, with a 12.8% APY and an over-collateralization of 12.8% as it targets $1 billion in supply. Plenty of stablecoin options are now on the market. 📋

It’s not all about the APY, though – Russia’s A7A5 stablecoin saw a 240% jump as Russians look to bypass sanctions. As Interactive Brokers considers launching a stablecoin, AllScale has already kicked one off, matching Fourth Paradigm’s pace of issuance. Interledger Protocol is eyeing interoperability, but PayPal is ahead of the game, enabling PYUSD stablecoin swaps for over 100 cryptocurrencies. However, with a Bitcoin stablecoin $373 million oversubscribed, the OG blockchain may still win the stablecoin race. 🏎️

The big boys are also in the game, with Visa’s stablecoin pilot hitting $225 million in volume, and Western Union looking to integrate. Anchorage Digital and Ethena also launched the first GENIUS-compliant stablecoin, as the “pie is getting bigger faster,” according to Customers’ CEO. Coinbase is on board, seeing stablecoins as the future of AI payments, and JD.com’s JCOIN filed for a trademark on the heels of Hong Kong’s new regulations. ⛰️

🆕 Platforms, Programs, Tools, and Integrations

Innovation is the name of the game for the entire industry, not just stablecoins. We’ve seen a handful of integrations this week: 

On the flipside, we’re seeing a lot of new launches:

If only all these launches came with that lovely new car smell. 🚗

🌐 Sectors & Ecosystems

Crypto treasuries are all the rage, with Nature’s Miracle launching a $20 million XRP treasury and Wellgistics integrating XRP for treasury payments. While not technically digital commodities, real commodities make a big splash on-chain. Tether Gold added 7.66 tons of gold as it rides the bullion boom, and Evianxc tokenized $200 billion in mining wealth. David Commodities also revealed ESG tokenization plans, as FG Capital opened a private round for tokenized carbon financing. ♻️

🧩 Bringing It All Together 

Never a dull moment in asset tokenization.

We at RWA World are uniquely positioned with a deep understanding of the industry and its nuances.

Whether you need advisory, tokenized infrastructure, data feeds, go-to-market support, or more, we have you covered.

Never hesitate to reach out, and we’ll see you in the next one! 🤝