RWA Weekly Report | Circle to Launch ARC, a Public Stablecoin Blockchain; Dinari to Launch Dinari Financial Network, a L
Author | Ethan ( @ethanzhang_웹3)
RWA Sector 시장 성능
As of August 19, 2025, the total value of the RWA on-chain reached $26.30 billion , an increase of $680 million ~에서 $25.62 billion on August 12, a weekly increase of 2.65% , and a new high in nearly a month. The number of on-chain asset holders increased from 349,057 에게 364,320 , with 15,263 new holders in a single week, a 4.37% increase. The number of asset issuers also increased from 259 에게 262 , achieving positive growth for three consecutive weeks. In terms of stablecoins, the total value increased from US$260.93 billion 에게 US$266.74 billion , an increase of US$5.81 billion , 또는 2.23% ; the number of holders remained basically unchanged, with only a slight increase from 188.67 million 에게 189.26 million , a net increase of 590,000 , 또는 0.31% , indicating that the scale of existing users has stabilized, but the strength of capital inflows is still significant.
Looking at asset structure, private credit saw a slight decline from $15.6 billion 에게 $15.4 billion , a 1.28% month-over-month decrease, marking the first correction after several weeks of growth. U.S. Treasuries rose from $6.66 billion 에게 $7.3 billion , a 9.6% weekly increase, becoming the core driver of the week’s total market capitalization increase. Commodity assets remained stable at $1.8 billion . Institutional alternative funds rebounded from $785 million 에게 $1 billion , a weekly increase of nearly 27% , suggesting a renewed interest in structured products.
What are the trends (compared to last week )?
This week, the RWA market continued its trend of moderate expansion and structural adjustments. The scale of on-chain users continued to grow, along with the number of asset issuers, and the pace of ecosystem expansion remained stable. Structurally, funds simultaneously increased their allocations to high-yield and defensive assets, with both private credit and US Treasuries rebounding, indicating a balancing act between risk appetite and safe havens. Commodity assets saw a slight upward trend, reflecting continued market interest in inflation hedging and diversification amidst the backdrop of inflation and volatile commodity prices. In contrast, institutional alternative funds saw a significant decline this week, potentially indicating that some institutions, amidst the overall market’s steady rise, are choosing to lock in gains or reallocate funds to more liquid and secure assets.
From an overall perspective, this week’s RWA market exhibited a combination of market capitalization rebound and structural shifts. The number of users, asset issuers, and stablecoin market capitalization all saw simultaneous growth, demonstrating continued robust ecosystem expansion and capital inflows. Compared to last week, there was a significant structural divergence in fund allocations: private credit, a core long-term asset, saw a slight pullback, indicating that some funds were temporarily locking in returns after increasing their allocations, while US Treasuries and alternative funds became the primary destinations for the new wave of incremental funds. The strong rebound in US Treasuries reflects a reassessment of interest rate expectations, a shift towards safer assets, and perhaps a hedge against short- to medium-term macroeconomic uncertainty.
Review of key events
Circle will launch ARC, a public chain dedicated to stablecoins, with USDC as the native gas token
Circle announced in its Q2 financial report the launch of its new public blockchain, ARC, positioned as a Layer 1 network for stablecoins and institutional finance. ARC is EVM-compatible, uses USDC as its native gas token, and features a built-in foreign exchange engine, supporting sub-second settlement, and provides payment, cross-border settlement, and capital market-grade infrastructure. The ARC public beta network is expected to launch in the fall of 2025, with full integration into the Circle ecosystem to achieve cross-chain interoperability. The goal is to provide financial institutions and payment service providers with compliant, secure, and efficient stablecoin solutions.
Dinari to Launch Layer 1 Blockchain Dinari Financial Network
Dinari, a startup providing blockchain-based US stock trading services, announced the launch of the Dinari Financial Network, a layer-1 blockchain. Designed to serve as a coordination and settlement layer for securities issued on other networks, such as Arbitrum, the network is custom-built using the Avalanche (AVAX) technology stack. A testnet is currently live, with a public launch planned for the coming weeks.
Fintech company Stripe and Paradigm partner on Tempo, a payments blockchain
Fintech giant Stripe is working with 암호화폐 venture capital firm Paradigm to develop a blockchain called Tempo, which is positioned as a high-performance, payment-focused Layer 1 blockchain compatible with Ethereum’s programming language.
Tempo is currently in stealth development with a team of five. Stripe previously acquired stablecoin infrastructure company Bridge for $1.1 billion and crypto wallet developer Privy, further expanding its stablecoin technology portfolio.
Digital Asset and several major Wall Street financial firms have completed the first real-time, fully on-chain financing of U.S. Treasury bonds against USDC on the Canton Network. The repo transaction, conducted on Tradeweb and settled on Saturday, circumvents the traditional settlement system’s business-day restrictions. The transaction involved converting U.S. Treasury bonds held by the Depository Trust Company (DTCC) into tokenized assets on Canton, which were then used as collateral for USDC-backed financing. Participating institutions included Bank of America (BAC), Circle (CRCL), Citadel, Cumberland DRW, DTCC, Hidden Road, Societe Generale, Virtu Financial, and Tradeweb.
Wyoming’s stablecoin WYST is expected to be launched on August 20.
The Wyoming Stablecoin Committee announced plans to officially launch its official stablecoin, WYST, at the Wyoming Blockchain Symposium in Jackson on August 20, 2025.
Hot Project Dynamics
MyStonks (STONKS)
One sentence introduction:
MyStonks is a community-driven DeFi platform focused on tokenizing and trading Reliable Warrants (RWAs) such as US stocks on-chain. Through a partnership with Fidelity, the platform offers 1:1 physical custody and token issuance. Users can mint stock tokens like AAPL.M and MSFT.M using stablecoins like USDC, USDT, and USD 1, and trade them 24/7 on the Base blockchain. All trading, minting, and redemption processes are executed by smart contracts, ensuring transparency, security, and auditability. MyStonks is committed to bridging the gap between TradFi and DeFi, providing users with highly liquid, low-barrier-to-entry on-chain investment in US stocks, and building the “NASDAQ of the crypto world.”
Latest News:
On August 13th, the MyStonks platform’s 24-hour trading volume exceeded $97 million. The platform has officially launched its open beta test for contract trading, initially supporting perpetual contracts for US stock tokens in the RWA sector. The platform supports 1-20x leverage configurations, an optimized matching engine, and millisecond transaction feedback.
On August 14, MyStonks issued an announcement regarding its cooperation with regulatory investigations and ensuring the security of legitimate user funds. On the same day, MyStonks founder Bruce J issued a statement addressing recent platform controversies, stating that last week, the compliance team received a request from law enforcement to provide information about a single client and suspend withdrawals for that client. This action was not an independent action by the platform, and the client’s brokerage account was also restricted. He emphasized that assisting regulatory investigations is the legal responsibility of the exchange, and that targeted investigations do not indicate a problem with the source of client funds. He urged the public not to overinterpret or spread false rumors. Bruce J stated that MyStonks has completed compliance filings in the US, has over 20,000 registered users, and is valued at over $50 million. The company will continue to adhere to a compliant approach and focus on developing its RWA business and providing customer service.
Plume Network (PLUME)
One sentence introduction:
Plume Network is a modular, Layer 1 blockchain platform focused on tokenizing real-world assets (RWAs). It aims to transform traditional assets (such as real estate, art, and equity) into digital assets through blockchain technology, lowering investment barriers and increasing asset liquidity. Plume provides a customizable framework that supports developers in building RWA-based decentralized applications (dApps) and integrates DeFi with traditional finance through its ecosystem. Plume Network emphasizes compliance and security, and is committed to providing solutions that bridge traditional finance and the crypto economy for institutional and retail investors.
Recent Updates:
On August 18th, Binance officially announced the launch of Plume (PLUME) as part of its HODLer airdrop. In response to this news, OKX market data showed PLUME’s price surged over 15% in a short period of time, reaching an 8.5% increase over the past 24 hours.
관련 링크
Sort out the latest insights and market data for the RWA sector.
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