The first quarter of 2025 marked a decisive shift in the tokenization of real-world assets (RWAs). With nearly $20 billion of tokenized assets now on-chain and institutions like BlackRock, Apollo, and Fidelity launching real products, the institutional era of tokenization is no longer ahead, it’s here.

At InvestaX, we’ve been preparing for this moment. And this quarter, we put that preparation into action.

TL;DR: In Q1, we:

• Launching tokenized treasuries and tokenized golds, providing compliant, regulated access to high-demand, yield-generating and store-of-value assets.
• Securing strategic partnerships to connect tokenized assets to over 20M+ verified investors across regulated platforms.

What’s New at InvestaX: New Institutional RWA Products Now Live 

✅ Tokenized U.S. Treasuries (STBT)

We partnered with Matrixdock to launch STBT, offering qualified investors on-chain access to short-term U.S. Treasuries — a regulated and transparent alternative to traditional fixed income.

Read more

✅ Tokenized Gold (XAUm): A Modern Store of Value

Also in collaboration with Matrixdock, we introduced XAUm, a blockchain-based token backed by 99.99% LBMA-accredited gold. It’s a modern take on a timeless asset, with physical redemption available in Singapore and Hong Kong.

Read more.

The Market Momentum: Institutions Are Going On-Chain

In Q1 2025, the tokenization of RWAs crossed a significant threshold. The market capitalization of tokenized RWAs is now approaching $20 billion [RWA.xyz], marking a clear signal that institutional engagement has moved from experimentation to execution.

Multiple institutional developments have contributed to this momentum:

• BlackRock’s BUIDL fund tripled in size within three weeks and expanded to the Solana blockchain [CoinDesk].
• Fidelity Investments, one of the largest asset managers globally (AUA: $15.1T), filed to register a blockchain-based money market fund and is actively piloting its own USD stablecoin [CoinDesk].
• Apollo Asset Management, a $733 billion alternative asset manager, announced the launch of a tokenized private credit fund on 6 blockchain networks [Forbes].
• Mastercard integrated tokenized real-world assets into its Multi-Token Network (MTN), starting with ONDO’s Short-Term US Government Treasuries Fund (OUSG), enabling businesses to access yield-bearing digital assets with enhanced liquidity and settlement efficiency [Mastercard].
• Tradable successfully tokenized $1.7 billion in private credit on ZKsync, showcasing the growing appetite for institutional-grade assets on-chain [Cointelegraph].
• DAMAC Group signed a historic $1 billion blockchain deal with MANTRA in early 2025, representing a large RWA tokenization deal in crypto history [Binance].

Regulatory Clarity Is Catching Up

Institutional capital needs clarity to move and Q1 delivered encouraging developments:

• The SEC's decision to drop high-profile lawsuits against major crypto platforms, Kraken, Coinbase, Robinhood, Consensys, OpenSea, Uniswap Labs and Cumberland, removed a significant overhang for U.S.-based institutions [Decrypt].
• The global regulatory landscape is maturing, with the EU's Markets in Crypto-Assets (MiCA) Regulation entering its implementation phase and providing clear guidelines for tokenized asset issuance and trading [InnReg].
• Australia plans to integrate digital assets into the financial system, including tokenization and CBDCs [Coindesk].

RWA Tokenization: A Leading Blockchain Use Case

InvestaX was proud to sponsor RWA Night at Digital Asset Summit NYC 2025, hosted by Blockworks, and excited to see the summit make history with the U.S. President Donald Trump addressing the summit.

The USA finally opened the doors with positive regulation in the pipeline and RWA tokenization took the spotlight as one of the most promising real-world use cases for blockchain, drawing a convergence of interest from institutions, exchanges, and fintech platforms.

Key takeaways:

• RWA tokenization took the spotlight as one of the leading real use cases for blockchain. From private credit to real estate and treasuries, tokenized assets are being recognized as the future of institutional finance.
• Institutions are moving in - and compliance is key. The prominent presence of RWA leaders including BlackRock, Franklin Templeton, and Ripple, signals the rapid institutional adoption of tokenized assets.
• Every exchange and fintech platform wants to sell tokenized RWAs - and some already are. Regulated exchanges such as Coinhako, Indodax, Coins.ph and Coins.co.th already partnered with InvestaX to distribute tokenized assets. 
• Distribution and secondary market access are now top priorities.

The message was clear: the future of finance is on-chain, and it’s already happening.

Read details in our CEO’s DAS recap below.‍

Distribution Is the Next Frontier, and We’re Building for It

Distribution remains a critical bottleneck for tokenized assets. To address this, InvestaX established two key partnerships:

• Union Chain: InvestaX co-founded Union Chain to integrate tokenized assets into a wider fintech and Web3 distribution network, connecting tokenized asset issuers with 20M+ verified users on regulated digital asset platforms. Read more.‍
• Tokinvest: Our partnership with Tokinvest, a VARA-licensed RWA marketplace based in Dubai, enables dual-market access for tokenized assets. Read more

Scaling Through Recognition

InvestaX Selected for the RWA Accelerator Program

InvestaX was selected as one of just 11 tokenization platforms globally to participate in the first-of-its-kind RWA Accelerator Program, launched by Plug and Play Tech Center and the XDC Foundation.

By participating in the program, InvestaX will collaborate with major industry players to scale institutional-grade RWA tokenization, leverage XDC Network’s enterprise blockchain infrastructure, and contribute to shaping the next era of digital finance.

Alice Chen Joined the SFA’s Executive Board

COO Alice Chen was appointed to the Executive Board of the Singapore FinTech Association (SFA), contributing her expertise to strengthen Singapore’s position as the best place in Asia to build and scale fintech platforms.

Dual Awards for Industry Leadership

InvestaX triumphed, securing victory in two categories — Best Digital Asset Exchange and Best Equity Capital Raising Platform by the Future of Finance Inaugural Awards 2025.

Making Impact Through Thought Leadership

InvestaX at Consensus Hong Kong 2025

CEO Julian Kwan moderated the flagship RWA panel with top industry voices at Consensus Hong Kong 2025, discussing how tokenization is reshaping yield opportunities in digital assets. 

The key takeaway: Tokenized RWAs are bringing real yield on-chain, offering institutional-grade returns with better access and efficiency.

Read details in our Consensus Hong Kong recap below.‍

Alice Chen Spoke at the SFA Unfiltered Series

COO Alice Chen shared her inspiring entrepreneurial journey at the SFA Unfiltered Series, aiming to inspire women and foster entrepreneurship.

Alice Chen Featured on the XDC APAC Podcast

InvestaX Co-Founder Alice Chen sat down with Sonny Mohanty from XDC Network to talk about the real-world journey of building a regulated RWA tokenization platform from the ground up - and what tokenizing real assets really looks like in practice.

Watch the episode below.

CEO Julian Kwan on the Future of Tokenized Investing

In a podcast episode, Julian breaks down why tokenized RWAs are shaping up to be the next ETF moment and how InvestaX is powering this shift.

Watch the episode below.

Still “watching how the market plays out”? You might be missing the boat 🚢

The groundwork laid in Q1 signals that 2025 may represent the inflection point for tokenized RWAs.

What’s ahead:

• Continued institutional product launches from large asset managers and banks.
  
• Increasing regulatory clarity globally.
  
• Stablecoin infrastructure integration into traditional finance.
  
• Growing participation from fintech platforms and crypto exchanges who are expanding into tokenized assets.

For fund managers, asset owners, and distribution partners, 2025 may represent a significant opportunity to establish a meaningful position before competition intensifies. The infrastructure is now live, adoption is accelerating, and investor expectations are evolving.

‍