ToVest

November 21, 2025

MicroStrategy adds 3K BTC as Bitcoin ETFs are poised to surpass gold ETFs

MicroStrategy’s acquisition follows predictions that Bitcoin ETFs could surpass gold ETFs in assets under management during the next two years. Michael Saylor’s MicroStrategy has acquired an additional 3,000 Bitcoin for a total of $155 million at an average price of $51,813 between Feb. 15 and 25. This brings the company’s Bitcoin (BTC) holdings to 193,000 Bitcoin, acquired for $6.09 billion at an average price of $31,544, according to a Feb. 26 X post by Michael Saylor, the founder and chairman of MicroStrategy, which is the largest Bitcoin holder among publicly traded companies. MicroStrategy has acquired an additional 3,000 BTC for ~$155 million at an average price of $51,813 per #bitcoin. As of 2/25/24, @MicroStrategy now hodls 193,000 $BTC acquired for ~$6.09 billion at an average price of $31,544 per bitcoin. $MSTR https://t.co/micudbYf3P — Michael Saylor The announcement of the purchase came as MicroStrategy’s X account was hacked. The hacker posted a series of malicious links to fake token airdrops, seeking to steal user funds. The fraudulent announcement led to over $440,000 being stolen, according to pseudonymous on-chain investigator ZachXBT. MicroStrategy’s latest Bitcoin acquisition follows promising predictions from senior Bloomberg analysts who foresee Bitcoin exchange-traded funds (ETFs) potentially overtaking gold ETFs in assets under management (AUM) in the next two years. Gold's Pain is Bitcoin ETFs' Gain in Store of Value Smackdown.. new from me on how gold being in the gutter is like the cherry on top for bitcoin fans who just got to witness the biggest ETF launch ever. Decent chance bitcoin ETFs pass gold ETFs in aum in less than 2yrs w… pic.twitter.com/rXJra1dyhF — Eric Balchunas (@EricBalchunas) February 26, 2024 According to a Feb. 26 research report shared on X by senior Bloomberg analyst Eric Balchunas and associate analyst Andre Yapp, the successful launch of Bitcoin ETFs will signal more competition for the precious metal. The 10 spot Bitcoin ETFs in the United States have amassed a total of 5,500 Bitcoin since launching on Jan. 11, according to Farside Investors data. “The Bitcoin ETFs, though barely six weeks old, have taken in over $8 billion more than gold peers, already have 40% as much in assets and could pass them in size in less than two years.” While Bitcoin ETFs have absorbed over $5 billion in net assets since launching, gold ETFs amassed $3.6 billion during the same period. Gold ETFs could potentially struggle to keep their $90 billion in assets due to gold’s price performance, noted Balchunas and Yapp in the report. Gold prices are down 0.01% in the past 24 hours to $2,033 per ounce, according to data from Gold Price. On Feb. 20, MicroStrategy’s Michael Saylor said he would be buying Bitcoin forever, adding that he has no plans to sell the asset that is technically superior to gold, real estate and the S&P 500. “Bitcoin is technically superior to those asset classes. And that being the case, there’s just no reason to sell the winner to buy the losers.” Bitcoin fell 0.67% in the 24 hours to trade at $51,314, according to CoinMarketCap.

December 3, 2025

Tovest 2026 ROADMAP

Tovest Roadmap 2026: Pioneering the Fusion of Traditional Finance, Crypto, RWA, and AI Trading in Southeast Asia Tovest – The Ultimate All-in-One On-Chain Exchange Tovest, Binance for US Stocks + Tiger Brokers for Crypto + eToro for Web3 We are building the world’s first platform that truly combines tokenized US stocks, crypto, RWA, and AI trading — fully on-chain, fully compliant. 2025 Achievements V1 launched in months 10,000 users • $300M volume in 3 months US MSB license secured 2026 Targets 500,000 users $2B annual trading volume $500M TVL Top 3 digital asset exchange in Southeast Asia Backed by Tier-1 Partners Chainlink • Fireblocks • DBS Bank • Franklin Templeton Fully compliant with MiCA/FATF — own real Apple, Nvidia, Gold & Crypto from just 2 USDT. Q1 2026: Infrastructure for Multi-Asset On-Chain Trading (Foundation Building) Focus: Solidify RWA/US stock core while expanding to crypto and derivatives, ensuring seamless, low-latency trading. Q2 2026: Multi-Asset Integration & Liquidity Scaling (H1 Acceleration) Focus: Diversify to crypto, leverage, derivatives, options, indices, and AI copy trading; aggregate liquidity for institutional-grade depth. Q3-Q4 2026: Institutionalization & Product Diversification (H2 Dominance) Focus: Achieve full licensing, institutional tools, and global expansion to solidify Tovest as SEA's premier exchange. Vision for Tovest 2026: Empowering SEA's Next Generation of Investors In 2026, Tovest evolves from a RWA pioneer to SEA's top 3 comprehensive digital asset exchange, driving $2B annual volume and **500,000 users**. Our agile dev team—delivering features quarterly in just 3 months—ensures rapid iteration, backed by world-class partners like Chainlink, Fireblocks, DBS, and Franklin Templeton. This roadmap isn't just growth; it's a commitment to transparent, compliant innovation, unlocking global assets for Southeast Asia's youth with as little as 2 USDT.

November 26, 2025

Tovest – The Real RWA Investment Brand for Southeast Asia’s Young Generation

In an era where digital finance is booming, Tovest is more than just an investment platform — it is a symbol of the bridge between real-world assets and Web3. By bringing real value onto the blockchain, Tovest opens the door to global investment opportunities for young people across Southeast Asia. Global Megatrend: RWA – Not Just a Trend, but the Future RWA (Real-World Assets) is becoming the key connector between traditional markets and blockchain, enabling the digitalization of assets such as real estate, equities, bonds, and commodities. According to the Q3 2025 report, the RWA market has reached around $35.8 billion and continues accelerating. RWA boosts liquidity for traditionally illiquid assets by enabling fractional ownership and 24/7 cross-border trading. Analysts project that the tokenized RWA market could reach trillions of dollars in the coming years. Tovest’s Mission: Leading the RWA Wave in Southeast Asia Technology + Transparency + Risk Management Tovest enables the tokenization of real-world assets — transforming stocks, bonds, commodities, and more into blockchain-based tokens, giving retail investors access to assets once reserved for large institutions. The platform prioritizes maximum transparency, using Proof-of-Reserve and working with trusted custodial partners to ensure every token is truly backed by real assets. Tovest follows strict regulatory and compliance standards, ensuring user protection and building a strong, trustworthy brand foundation. A Vision for SEA – Built for Young Investors Tovest targets young adults in Southeast Asia (ages 22–32), especially those with modest or moderate income — making RWA investment truly accessible even with small capital. With Tovest, users can start investing with as little as 2 USDT to own fractional shares of major global assets like Apple, Nvidia, Tesla, and more — lowering the traditional capital barrier. Tovest’s ecosystem of strategic partners — from investment funds to global fintech firms — enables access to high-quality assets, better liquidity, and a trustworthy investment gateway. Backed by Global Confidence – Tovest Rides the Macro Wave Major institutions like BlackRock are now leading the RWA movement through products such as the tokenized BUIDL fund, signaling strong legitimacy for real-world assets on blockchain. Recent academic research shows that while RWA has massive potential, liquidity remains a challenge — a challenge platform like Tovest is designed to solve through smart architecture and market structure. New technological models (such as cross-chain xRWA frameworks) demonstrate how RWA can expand across multiple blockchains, improving accessibility and scalability worldwide. Why Choose Tovest – Unique Advantages for You Global market access: Invest in U.S. equities, European assets, and global commodities with minimal capital. Transparent fractional ownership: Every token represents a real portion of the underlying asset — no speculation or synthetic models. Safety & trust: Strict compliance, institutional-grade custody, and blockchain transparency. Cost-efficient: Reduced intermediaries mean more of your money goes directly into actual value, not fees. A sustainable investment future: With RWA, you’re not only investing for short-term gains — you are building long-term exposure to a transparent, digital-asset economy. Brand Message Tovest is not just a platform — it is a mission: bringing real-world assets to the blockchain so every young person in SEA can access global markets safely and transparently. We stand at the intersection of traditional finance and the future — where real assets meet Web3 technology. When you invest with Tovest, you are not only investing in assets — you are investing in the future of global finance, where technology and real value converge. #RWA #Tokenization #Apple #Nvidia #Tovest #InvestWith2USDT (Not financial advice – DYOR)

ALL News Gold Report Trend Academy

December 5, 2025

Top 7 Platforms to Buy Fractional Tokenized U.S. Stocks in 2025

The year 2025 marks a major surge in investing in tokenized U.S. stocks. The combination of fractional share ownership and blockchain tokenization is democratizing the stock market, enabling global investors to access U.S. blue-chip equities with small capital. Concise Definition: Fractional Tokenized U.S. Stocks are digital representations of equity shares, allowing investors to own a fraction of a share rather than a whole unit, with transactions often recorded on a blockchain for enhanced security and transparency. This article provides a transparent, data-driven guide to the top seven platforms that allow investors to buy fractional tokenized U.S. stocks online most effectively. Quick Comparison Table: Best Fractional & Tokenized Stock Trading Platforms 2025 Top Platforms to Buy Fractional Tokenized U.S. Stocks 1. ToVest: The Leading Tokenization Bridge in Southeast Asia ToVest positions itself as a leading fintech platform specializing in the tokenization and fast trading of Real World Assets (RWA), including fractional U.S. stocks. Core Value: ToVest focuses on bridging access for young, tech-savvy Southeast Asian retail investors to tokenized U.S. equities with ultra-low latency, transparent market data, and high security. Unique Selling Point: Highly accessible investment minimums (well below industry averages), robust educational support via ToVest Academy, and integration with local payment providers. ToVest is especially suitable for first-time investors or those with limited capital. Workflow Example: Users can buy U.S. stock fractions in USD or stablecoins, receive digital ownership tokens in their secure ToVest wallet, and track market prices and earnings with comprehensive charts and indicators. 2. Fidelity Investments: The Optimal Choice for Beginners Fidelity stands out for its beginner-friendly approach, low fees, and excellent customer service. Feature: Offers “Stocks by the Slice,” allowing fractional buys for over 7,000 stocks and ETFs starting at just $1. Fees: Commission-free trades. Advantage: Renowned for its A+ BBB-rated customer support and advanced research tools, making it a top choice for new investors. 3. Charles Schwab: Reliable Traditional Broker Schwab appeals to traditional investors seeking fractional shares of top U.S. companies using a reputable, regulated brokerage. Feature: Its "Stock Slices" feature allows users to buy fractional shares of up to 30 S&P 500 companies with as little as $5. Advantage: Strong research and tools, including market commentary and earnings reports from Reuters and Morningstar. 4. Interactive Brokers (IBKR): For Professional Active Traders IBKR is the institutional-grade option tailored for active traders or professionals seeking advanced trading tools and global access. Feature: Supports fractional share trading via desktop TWS or IBKR Global Trader mobile apps, emphasizing its global reach. Advantage: Highlights low margin rates, extensive asset coverage, and deep analytics. 5. Robinhood: Leading Simplicity and Accessibility Robinhood pioneered accessible, commission-free trading and strongly appeals to mobile-first users. Feature: Provides commission-free trading and a simple mobile interface. Advantage: Noted for 24/5 trading support for tokenized stocks and ETFs via Arbitrum layer-2, enhancing flexibility and liquidity. 6. E-Trade: Balancing Education and Accessibility E-Trade blends accessibility for beginners with robust research and education resources for long-term investors. Feature: Supports fractional shares with no minimum deposit, offering an easy onboarding path. Advantage: Comprehensive educational content, investment tools, and community support structures. 7. SoFi Active Investing: Holistic Finance Integration SoFi Active Investing is a user-centric platform integrating investing with broader financial tools for holistic money management. Feature: Ability to buy fractional shares starting at $5, blending investment with budgeting and debt management tools. Advantage: Appeals to users interested in managing investments alongside student loans, credit, and personal finance education. Core Benefits: How Tokenization is Changing Stock Ownership Tokenization is the conversion of traditional assets, such as stocks, into digital tokens stored and traded on a blockchain, improving transferability and transparency. The advantages of owning Fractional Tokenized Stock include: Lower Barriers to Entry: Fractional shares let investors own a portion of high-value equity (like Meta or Costco) without buying a whole share. 24/7 Access & Liquidity: Tokenized shares allow for continuous trading and easier cross-platform transferability. New Use Cases: Enables the use of tokenized equities as collateral in DeFi lending protocols for extra yield. Security and Compliance: Ensuring Safe Digital Investments Compliance is the adherence to securities regulations (like the SEC in the U.S.), including proper platform registration or use of legal exemptions for token offerings. Tokenized stocks are treated as securities. Leading platforms, such as ToVest, build trust by employing industry-leading security protocols (blockchain verification, secure storage) and strictly adhering to compliance standards, safeguarding investors' digital assets.

November 26, 2025

Tovest – The Real RWA Investment Brand for Southeast Asia’s Young Generation

November 25, 2025

SEA Youth 2025: Want to Invest, But Where Does the Capital Come From?

If you’re between 22–32 years old and earning $450–1,000/month, you’re likely facing these four major challenges: Your income is fixed and low — even working 8–10 extra hours a day hardly leaves room for saving. You want to change your life, but lack mentors and real guidance. You want passive income through investing, yet don’t know where to start. Scam projects are everywhere → fear of losing everything makes you hesitate to invest. The result: A massive 87% of young people in Southeast Asia have never owned a single U.S. stock (SEA Youth Investment Survey 2025). The remaining 13%? They were either already wealthy…, or they discovered real RWA early. The All-in-One Solution: Tovest – Real RWA for 2025 Updated 2025 Numbers The global RWA market is currently valued at $24–25B, projected to reach up to $16T between 2030–2035 (Boston Consulting Group). BlackRock launched its tokenized RWA fund BUIDL, which has become one of the world’s largest tokenization funds with billions in AUM as of 2025. Tovest TVL is rising quickly, reaching ~$150,000 – $300,000 USD within just the first week of launch. SEA users on Tovest: more than 1,000 users joined in the first week. 80–90% of users started with less than 10 USDT, proving a strong appetite for low-entry RWA investing. Tokenized RWA – The Revolution Reshaping the Investment Landscape Tokenization divides real stocks into millions of fractional, 1:1-backed units and brings them onto the blockchain. The global RWA market has already reached $24B in 2025 and is projected to grow to $16T in the coming decade (BCG). Major institutions like BlackRock, DBS, and Franklin Templeton have poured billions into RWA in 2025. So how can young people across Vietnam, Thailand, Indonesia participate with just 2 USDT (~$2)? Tovest – The Only Real RWA Platform in SEA That Meets BlackRock’s 5 Standards Tovest Transparency Proof (You Can Verify Anytime) Chainlink Proof of Reserve: linked on homepage Custodial partners: Fireblocks + U.S. contracts Current TVL: $127M (up 340% since Q1 2025) 2 USDT = Start Owning Real Apple, Nvidia, Tesla Shares → Just 2 USDT makes you a real Apple shareholder — no longer a dream. Final Thought: Don’t Let 2 USDT Sit Idle in Your Wallet 2 USDT won’t change your life today. But it can change the direction of your next 10 years. People who spend money line up to buy the iPhone 17 for $2,800. People who make money use 2 USDT to own Apple. Which side do you choose? Start owning real U.S. stocks in just 30 seconds: https://tovest.com/register #RWA #Tokenization #Apple #Nvidia #Tovest #InvestWith2USDT (Not financial advice – DYOR)

November 21, 2025

Tokenized Equities Demystified: Unlocking the Next Frontier of RWA

Stocks — a financial concept nearly everyone has heard of. Even those unfamiliar with finance likely know the term. As the most central component of traditional finance, equities are deeply tied to our everyday lives and represent one of the largest pools of global capital flows. Yet for decades, the stock market has operated under constraints: fixed trading hours, cumbersome settlement processes, and limited efficiency.Tokenized equities, however, offer a new key — unlocking stock liquidity and trading efficiency beyond time and geographic barriers. This isn’t a brand-new concept. Major institutions have been laying the groundwork for years. For example, Backed Finance began wrapping blue-chip stocks and ETFs into ERC-20 tokens early on, and joined the Tokenized Asset Coalition in 2025 before launching “xStocks.” Thanks to the accelerated adoption of stablecoins and tokenized real-world assets (RWA) by institutions — stablecoin market cap now exceeds $250 billion, and RWA assets under management have grown from $15.7 billion at the start of the year to $23.91 billion — tokenized equities appear to be entering a rapid development phase. Many in the industry already view them as the next core chapter of the RWA narrative. This article will walk you through the advantages, risks, and future trends of tokenized equities — helping you stay ahead of this emerging market. What Are Tokenized Equities — and Why Do They Matter? Put simply, tokenized equities are shares of a company represented as digital tokens on the blockchain. Each token corresponds to a real equity asset, and by holding these tokens, investors indirectly own a portion of the company. Compared to traditional stocks, these digitized shares offer 24/7 trading, near-instant settlement, and greater operational efficiency. A Deep Dive into Tokenized Equities: Advantages, Risks & Trends 1. Key Advantages of Tokenized Equities A. 24/7 Trading and Atomic Settlement The blockchain’s core advantage lies in its smart contract infrastructure — enabling transactions without intermediaries, running 24/7 without disruption. In contrast, traditional equity markets only operate during business hours, restricting investors to narrow trading windows. Tokenized equities eliminate this time constraint, offering truly global, round-the-clock trading. Settlement is also nearly instantaneous, avoiding the risk and capital lock-up of traditional T+2 processes. Smart contracts automatically execute trades, ensuring synchronized delivery-versus-payment, enhancing liquidity and market efficiency. B. Operational Efficiency and Cost Reduction Corporate actions — like dividend payments, voting, or stock splits — are often manual, error-prone, and costly. According to the World Economic Forum, U.S. brokerages lose over $1 million per year due to corporate action errors. Tokenization enables these actions to be governed by programmable smart contracts, automating execution and real-time updates. This significantly reduces operational risk and compliance costs, boosting overall market efficiency. C. Unlocking Liquidity for Private Companies Private equity is notoriously illiquid — selling shares is often complex and time-consuming. With tokenized equities, private shares can circulate on-chain, enabling easier transfers and significantly improving fundraising efficiency. According to DAMREV, tokenization can cut fundraising cycles by 30%, while expanding the investor base and enabling small to mid-sized enterprises to access capital more effectively. D. Composability Enables Innovation By adopting standardized token protocols (e.g., ERC-1400, ERC-3643), tokenized equities can move freely across different blockchain ecosystems. This not only allows multi-platform trading, but also unlocks integration with DeFi protocols — including lending, collateralization, and securities financing. These features, unavailable to traditional securities, drastically enhance capital efficiency and market depth through smart contracts and DeFi. E. Increasing Regulatory Clarity and Compliance Switzerland — DLT Law & CMTAT Standard: In Nov 2024, the Capital Markets and Technology Association (CMTA) released an updated version of the CMTAT, standardizing the technical requirements for tokenized securities — especially equity tokens. The standard has been adopted by multiple Swiss financial institutions. Germany — MiCA Implementation: Germany began enforcing the Markets in Crypto-Assets Regulation (MiCA) in 2025, localizing it through the FinmadiG and KMAG acts to address digital finance and crypto market oversight. Liechtenstein — TVTG and MiCA Alignment: The TVTG law, the world’s first comprehensive token economy framework (in effect since 2020), was updated in Feb 2024 to align with MiCA. It removed issuer registration requirements but mandates a Basic Information Document (BID) to improve transparency and compliance. United States — FIT21 & Genius Acts: In 2024, the U.S. passed the Financial Innovation and Technology Act (FIT21), defining regulatory responsibilities: the CFTC oversees commodity-type digital assets, while the SEC handles securities. In June, the Senate passed the Genius Act, marking a significant step toward stablecoin regulation with a dedicated framework for that market. 2. Challenges and Risks of Tokenized Equities Despite the promising outlook, tokenized equities still face several notable risks: A. Limited Market Adoption and User Education Most crypto users are more familiar with digital currencies and show limited interest in tokenized stocks. Many remain tied to mature Web2 brokerage platforms. Given its early-stage development, tokenized equities lack sufficient volume and liquidity, limiting network effects. B. Blockchain Network Costs and Technical Risks During periods of network congestion, gas fees can spike, making blockchain-based trading more expensive than traditional markets. Additionally, risks such as smart contract bugs, MEV attacks, and oracle manipulation persist — posing challenges for regulatory compliance and platform security. C. Incomplete Equity Rights Many tokenized stocks currently lack full shareholder rights, such as voting and governance, as well as economic benefits. This reduces the appeal to institutional and activist investors. A lack of legal guarantees around these rights further limits market acceptance. D. Regulatory Uncertainty and Fragmentation There is no global consensus on tokenized asset regulation. Cross-border issuance presents complex compliance issues. Regulatory fragmentation creates siloed ecosystems, undermining liquidity aggregation and user experience. E. Privacy Concerns and Technical Barriers Institutions require high privacy standards for trades, but blockchain privacy technologies — such as zero-knowledge proofs and homomorphic encryption — remain costly and difficult to implement. Moreover, technical integration between enterprise systems and smart contract standards still faces compatibility challenges. 3. Future Trends of Tokenized Equities Tighter but Clearer Regulation: As the market matures, regulators worldwide are defining clearer rules for tokenized securities — balancing compliance and innovation. More licensed platforms and custodians are expected to join, driving healthy market development. Advancing Protocols and Standards: New-generation token standards like ERC-3643 will continue to evolve, enhancing compliance, functionality, and interoperability. These frameworks will foster innovative financial products and deeper convergence between DeFi and traditional finance. Deep Integration with Traditional Markets: Traditional capital markets may directly connect to blockchain infrastructure for real-time clearing and transparent settlement. Projects like the Stuttgart Stock Exchange demonstrate mainstream adoption is underway. Improved Liquidity and Market Depth: With more institutions entering the space, tokenized equity liquidity will grow, addressing current DEX fragmentation issues. On-chain assets will interconnect across protocols, enabling rich trading and financing scenarios. Private Equity and SME Fundraising Boom: Tokenized equities will greatly expand access to the private market, lower investment barriers, and boost small and medium-sized enterprise fundraising — accelerating the real economy’s digital transformation. Increased fundraising efficiency will also support more innovation and entrepreneurship. In Short Tokenized equities leverage blockchain to transform stocks into digital tokens — enabling 24/7 trading, real-time settlement, and vastly improved operational efficiency and liquidity. With increasing policy support worldwide, many leading platforms are actively exploring this space. Challenges remain in adoption, technology, regulation, equity rights, and privacy. But going forward: clearer regulations, mature standards, deeper integration with traditional markets, growing liquidity, and SME empowerment will drive continuous market growth. Conclusion Tokenized equities stand at the intersection of crypto and traditional finance. They represent both a showcase of blockchain empowering real-world assets and a critical path toward capital market digitization. Though still in early stages, with maturing technology, regulation, and market demand, tokenized equities may soon become the next breakout point in crypto — attracting institutions and retail investors alike, and ushering in a truly global, 24/7, and intelligent era for equity markets.

November 21, 2025

Robinhood Moves Into On-Chain Assets: Disruptor of the RWA Era, or the Next Financial Giant?

In the crypto space, over the past few years, most of the talk has been about Bitcoin, Ethereum, meme coins, or DeFi projects. But recently, a “familiar face” has suddenly jumped in, and the entire space has perked up — it’s none other than Robinhood. Robinhood is the number one crypto brokerage in the U.S. Originally a traditional internet brokerage, it won over a massive base of young retail traders with zero-commission trading and a “gamified” interface. But now, it’s no longer content to be just a “stock app.” It’s charging directly into the on-chain asset space, aiming to become the bridge for Real-World Asset (RWA) tokenization — and even planning to launch its own blockchain. Behind this move — hype or a real attempt to reshape the underlying logic of finance? Today we’ll take a third-party view and objectively break down Robinhood’s “All in Crypto” play. Why Has Robinhood Suddenly Set Its Sights on On-Chain Assets? Robinhood’s pivot isn’t impulsive — it’s the result of several factors coming together. 1. Profit-Driven — Crypto Is Its Cash Cow In Q1 2025, Robinhood’s total trading revenue was $583 million, of which crypto trading contributed $252 million — an astonishing 43% share, surpassing options to become the number one revenue driver. And the margins are huge: the market-making rebate rate from crypto order flow is 45 times that of stocks, and 4.5 times that of options. To put it bluntly, selling crypto trades is far more profitable for Robinhood than selling stocks. Not expanding this business would be a disservice to shareholders. 2. Regulatory Arbitrage — RWA Tokenization as a Grey-Zone Opportunity In the U.S., SEC regulation of crypto remains unclear, but the political winds are slowly easing — especially for tokenized assets backed by real-world value (stocks, bonds, real estate, etc.), where the regulatory stance is relatively tolerant. Robinhood is targeting this “buffer period” — moving in before the giants have fully landed, to get users accustomed to the concept. 3. Narrative Upgrade — Shedding the “Meme Stock Playground” Label After the GME incident, Robinhood was slammed as the poster child for “pulling the plug.” To shake off that stigma, it needs a high-end, compliant, long-term new story — and “on-chain assets” sound a lot more sophisticated than pumping joke stocks. Robinhood’s “Three-Step” Strategy Robinhood’s play can actually be broken down into three steps — capturing short-term gains while building a long-term moat. 1. Stock Tokenization — The Entry Point It started by launching tokenized U.S. stock trading in the EU. For example, you can buy a “Tesla token” with USDC, with its price synced in real time to the Nasdaq, and even collect dividends. It’s a clever entry point: Low user barrier (everyone understands stocks) More flexible trading hours (24/5 or even 24/7) Educates traditional stock investors about on-chain trading By comparison, Kraken’s xStocks also offers tokenized U.S. stocks, but runs on the Solana chain and doesn’t cover the EU market. From both user base and regulatory coverage, Robinhood has the early advantage. 2. Building Its Own Layer 2 Blockchain — Locking the Base Layer Robinhood plans to launch its own Layer 2, built on the Arbitrum tech stack, dedicated to RWA. This way, it’s not just an application-layer platform — it becomes an infrastructure player that sets the rules. In the future, stock tokens, bond tokens, or even real estate NFTs could all be issued, settled, and bridged on this chain. For Robinhood, that means: Transaction loop closure (user funds stay in-house) Blockchain ecosystem value capture (fees, native tokens, etc.) If it pulls this off, its business model could upgrade from “brokerage” to “financial operating system.” 3. All-in-One Investment Platform — Locking in User Lifecycles Robinhood isn’t stopping at trading — it’s building a supporting ecosystem: Perpetual futures (to attract high-frequency traders) ETH and SOL staking (lockups + yield) AI advisory “Cortex” (data-driven) Robinhood Gold credit card (cashback auto-converted to crypto) This way, whether it’s stocks, crypto, savings, or even daily spending, users can do it all on one platform. This kind of stickiness is far stronger than a simple trading app. Three Ways Robinhood’s On-Chain Asset Strategy Could Impact the Crypto Market 1. RWA Could Squeeze Out Altcoins In the past, many of the market’s hot coins had no real-world value backing (e.g., meme coins). But if investors can just as easily buy on-chain Tesla, OpenAI, or SpaceX equity tokens, capital may shift from speculative tokens toward these RWA assets. Altcoin liquidity could be diluted, leading to market polarization: Mainstream coins + RWA infrastructure tokens (high valuation, compliant) The remaining meme coins (niche, speculative) 2. Traditional Finance Rules Could Be Rewritten 24/7 trading, instant settlement, infinitely divisible ownership — these on-chain features could force legacy giants like Nasdaq and the NYSE to adapt. In the future, pre-market and after-hours concepts might vanish, and price discovery could become truly global. 3. TradFi Giants Will Be Forced to Accelerate Entry JP Morgan, Goldman Sachs, and Citi won’t just watch Robinhood eat their lunch. Once Robinhood’s tokenization business proves itself, it could trigger a new round of “fintech arms race.” Objectively Speaking: Big Opportunities, But Big Challenges Too Opportunities: Large user base (tens of millions of accounts) Excellent product experience (popular with younger users) Clear profit model (high-margin crypto business) Early-mover advantage in the RWA track Challenges: Regulatory risk (especially in the U.S.) High execution complexity (building a chain + integrations) Heavy competition (Coinbase, Kraken, TradFi giants) Cyclical revenue (crypto bear markets hit earnings) Conclusion: Robinhood Is Not Just “Playing with Crypto” Robinhood’s move is actually a bet on a much bigger trend — the reconstruction of financial infrastructure. It’s not simply adding a “crypto trading” option; it’s attempting to fully bridge traditional finance and the on-chain world. If its blockchain takes shape, with stocks, bonds, real estate, and insurance all tokenized and tradable anytime, Robinhood would no longer be a broker — it would be a global, programmable financial operating system. For the crypto market, this could mean more compliant capital, a richer set of asset classes, and a partial return of speculative bubbles to rationality. But for those small-cap coins relying purely on hype and traffic, it could be an existential crisis. In the coming years, we might see a reality where: In the morning, an investor buys on-chain Tesla stock on Robinhood, then in the afternoon swaps some USDC for a coffee The line between traditional brokerages and crypto exchanges disappears entirely “Trading hours” become a historical term Whether this transformation succeeds will depend on Robinhood’s ability to polish its tech, compliance, and ecosystem. But one thing’s certain — it’s already thrown the first stone into the pond, and the ripples will keep spreading across the entire financial industry.

November 21, 2025

The On-Chain Pokémon Crypto Boom: RWA, Gashapon Machines, and the Contest over a Hundred-Billion-Dollar Market

#Pokémon #RWA #Crypto Pokémon needs no introduction. For most people born between 1980 and 2000, it’s a childhood memory — a two-dimensional dream. Now that 2D world is breaking the fourth wall: Pokémon trading cards are becoming deeply intertwined with crypto. From physical cards to on-chain tokens, from offline collecting to on-chain trading, Pokémon is no longer just childhood nostalgia — it’s turning into a real financial experiment with crypto characteristics. Of course, this isn’t the first time the Pokémon franchise has crossed boundaries. Let’s start from the earliest versions and unpack this “on-chain Pokémon craze”: is it a bubble, or the next multi-billion-dollar narrative? Three Waves of the Pokémon Card Craze: Nostalgia, Celebrities, On-Chain The story of Pokémon cards is far more than “a kids’ game.” Behind it lies a complete market development history. Each wave of hype is the result of culture, entertainment, and finance intertwining. 2016: Nostalgia-Driven The XY Evolutions set was a milestone — virtually a one-to-one recreation of the 1999 Base Set design. Charizard and Pikachu, which grew up alongside the post-’90s generation, returned to the stage. For many players who had become adults, these were more than cards; they were tangible forms of childhood memories. Some joked, “We couldn’t afford it as kids; now we can finally make up for it.” This nostalgia surge heated the market instantly. Niche promo cards like Mario & Luigi Pikachu were just US$30 in 2016; today they’re worth over US$10,000, validating the reality of emotional premium. 2020: Celebrity-Driven If 2016 was “collective sentiment from old players,” then 2020 was “hard-core boosts from traffic and capital.” The global explosion of Pokémon GO brought both new and old fans into the TCG market. What truly pushed cards into the public eye was celebrity effect. Logan Paul appeared on stream wearing a first-edition Charizard necklace worth millions, igniting social media. Steve Aoki went further, opening “Aoki’s Card House,” driving a trend that combined physical card trading with online shows. In this wave, cards were no longer just a “geek niche hobby,” but moved to the intersection of mass culture and capital markets. 2025: On-Chain Boost By 2025, the craze had been pushed to a new dimension. The launch of Pokémon Pocket digital card packs let mobile users experience the thrill of ripping packs, lowering the barrier to spread. Meanwhile, card vendors on YouTube have risen, and “live pack breaks” became a form of entertainment content that drew in younger users. What truly sent the market boiling was the entry of crypto and RWA (real-world assets on-chain). The on-chain $CARDS gashapon (capsule) machine generated US$16.6 million in revenue in just one week, fully replicating the narrative logic of NFTs and GameFi — but backed by a real, 30-year-old Pokémon IP. At that moment, sentiment, traffic, and crypto capital converged, and Pokémon cards entered a new era of “on-chain financialization.” Why Are Crypto Players Targeting Pokémon? Many may wonder: crypto market participants already hold Bitcoin, Ethereum, NFTs — why cross over to Pokémon? Behind this are three layers of logic. Similar Market Logic: Crypto and Cards Are Essentially “Kindred Assets” The crypto and TCG markets are highly similar in their core logic. Scarcity: Bitcoin’s supply is 21 million; first-edition Charizard cards are also extremely limited. Scarcity + consensus is the core value logic for both. Cyclicality: Crypto has bull and bear cycles; cards also have booms and cool-offs. The 2016, 2020, and 2025 waves are somewhat analogous to Bitcoin’s halving cycles. Speculation: Whether coins or cards, participants share the “buy today, rise tomorrow” mindset. Cards trade actively in traditional secondary markets, resonating with crypto’s 24/7 trading culture. In other words, cards and crypto are both “novel financial derivatives” in nature — just with different forms. For crypto natives, Pokémon cards are another kind of “blue-chip NFT.” RWA in Practice: Cards Are the Easiest Physical Assets to Tokenize RWA (real-world assets on-chain) is a crypto buzzword of 2024–2025. People have tried tokenizing real estate, bonds, even gold. But the assets that truly satisfy all three — scarcity, ease of custody, and global recognition — turn out to be Pokémon cards. Clear scarcity: Print runs of rare cards are public data, with grading firms like PSA providing endorsements. Small and easy to custody: Unlike gold or real estate, cards only need storage in a vault or grading facility. Global consensus: Pokémon is one of the strongest IPs worldwide, transcending language and culture — with name recognition arguably higher than “Bitcoin.” This makes cards the optimal proving ground for RWA. Crypto users can buy tokenized fractions of cards, enjoy price movements, and avoid physically holding the card. It naturally fits NFT fractionalization and DeFi collateralization. Gashapon Gamification: Meeting Crypto Players’ “Thrill Demand” Crypto traders are used to high volatility and high stimulation. Traditional card collecting feels too “slow” by comparison. The $CARDS gashapon machine precisely addresses this pain point. Players pay US$50 per pull and get Pokémon of varying rarities. The project claims positive EV: on average, the cards drawn are worth more than the cost. All transactions and results are on-chain, avoiding behind-the-scenes manipulation. This model is essentially an upgraded NFT blind box/GameFi — except behind it isn’t a virtual JPG but a multi-billion-dollar Pokémon card market. Crypto players are piling in not only because it’s a new narrative, but because it satisfies their craving for thrills and wealth fantasies. A similar example was the recent “BTC lottery machine” — the same FOMO logic. Beyond Speculation: A Strategic Play to “Go Mainstream via IP” Crypto has long had a problem: outsiders don’t get it. NFT, DeFi, Layer 2… these terms are too abstract for the average person. Pokémon is different. Kids know Pikachu. Parents have bought cartridges or plushies. Hundreds of millions globally have played Pokémon. When a crypto protocol tokenizes Pokémon cards, it’s leveraging this super IP to “break out of the bubble.” That’s much easier than telling a story from scratch. Just as NBA Top Shot used basketball to popularize NFTs, Pokémon is a natural bridge for crypto to the mainstream. Capital’s Push: Not Just Retail; Institutions Are Betting Too Don’t forget: behind the financialization of Pokémon cards aren’t just retail and KOLs. Some hedge funds are positioning in high-end cards as alternative assets. Grading firms like PSA and Beckett are partnering with RWA platforms to provide attestation/custody. Major exchanges are even considering “card indices,” letting investors one-click into a market-wide basket. With capital flowing in, “on-chain cardification” may shift from a niche party to the next large-scale financial product track. In short, crypto targeting Pokémon isn’t accidental. It’s the inevitable result of market logic, RWA trials, gamified mechanics, and capital’s push. For crypto natives, it’s not just a “new narrative,” but a ticket to the mainstream. Opportunities and Pitfalls of On-Chain Pokémon 1. Opportunities: A. A Hundred-Billion-Dollar Market Traditional TCG market size: US$25–30 billion per year. After blockchain-ization, CEO expectations are for 3–4× growth, reaching the hundred-billion level. B. Influx of New Participants Crypto users crossing into collecting. KOLs and streamers driving FOMO. C. Financialization of Cards Tokenization → fractional trading. Collateralized lending → unlocks capital efficiency. Liquidity pools → give collectibles instant marketable value. 2. Pitfalls: A. Overheated Speculation Many crypto users enter without collector sentiment. Once returns fade, they may exit rapidly and dump. B. Fragmented Liquidity The traditional market (eBay, card shows, OTC) is already scattered. If every RWA protocol builds its own system, fragmentation worsens. C. Emotional Value Is Hard to Tokenize Collectors like the physical: holding the card in hand. On-chain tokenization can’t solve “sentiment,” which may limit long-term acceptance. D. Price Manipulation Risk As with NFTs, some may wash-trade to push prices up. Aggregator data can be maliciously exploited. Conclusion: On-Chain Pokémon — Cross-Over Speculation and Genuine Collecting On-chain Pokémon isn’t a story pulled from thin air; it’s the product of nostalgia + celebrity push + crypto finance acting together. It may replicate NFT-style frenzy, or burn out like some GameFi episodes. But what’s different this time is the backing of a 30-year-old IP and a market demand long since validated. For crypto natives, it’s a new-narrative speculation arena. For collectors, it’s just another fluctuation amid the hype. The craze will come and go, but the cards will remain in some people’s drawers, carefully preserved. Perhaps that is Pokémon’s true magic: traversing dimensions and finance, it is both an asset and a feeling.

November 21, 2025

“The RWA Boom Is Here, But Safety Is the Blade”，2025 Skynet Report In-Depth Analysis: The Risks and Order of the On-Chain Golden Age

Introduction From $26 billion to a future trillion-dollar market, RWA is becoming the bridge between DeFi and TradFi. But on the other side of this bridge, is it scenery — or a storm? Preface: RWA Is Hot, But Do You Really Understand It? Imagine blockchain as a huge city. In the past few years, DeFi was the busiest commercial street, NFTs were the trendiest art district, and GameFi was the flashy amusement park. And now, a new highway — RWA — is rapidly transporting real-world assets like treasuries, gold, and receivables into this on-chain city. As the “financial hub,” RWA in 2025 can truly be described as dazzling. According to the 2025 Skynet RWA Security Report, as of mid-2025 the total RWA market surpassed $26 billion, a 5x growth since 2022. What kind of speed is that? It’s like a small town turning into a global metropolis overnight. RWA is no longer a “future trend” — it is the “present continuous tense.” But the hotter it gets, the more we need to stay cool. The Skynet RWA Security Report not only shows RWA’s prosperity, but also exposes the hidden risks and structural vulnerabilities behind it. This article will break down the report, helping you understand both the “boom” and the “risks” of RWA, and how it may reshape Web3 and even the global financial landscape. 2025 Skynet RWA Security Report In-Depth Analysis Core Point 1: RWA, The New Digital Asset Continent — Who’s Leading? The report first released the Skynet RWA Ranking (Top 10, H1 2025) — the most representative global RWA projects: BlackRock BUIDL: Treasuries Franklin Templeton On-Chain Fund: Treasuries Ondo Finance: Treasuries + Yield Paxos Gold: Gold Tether Gold: Gold Binance RWUSD: Stablecoin Ethena USDtb: Stablecoin + Yield Centrifuge: Receivables Usual: Emerging Stablecoin SKY (MakerDAO RWA Vaults): RWA Aggregation Pool This ranking is interesting: it’s not just based on market cap, but a comprehensive score combining compliance, reserve transparency, security structures, and institutional-grade operations. The report pointed out that these projects share several traits: Clear legal frameworks: Most are registered in regulated jurisdictions with designated custodians and auditors. Transparent proof-of-reserves: Leading projects release weekly reserve reports with third-party audits. Institutional-grade risk control: From multi-signature setups to legal contracts and on-chain governance mechanisms. From TradFi giants like BlackRock and Franklin Templeton, to DeFi-native projects like MakerDAO and Ondo, what we are seeing is a hybrid trend: It’s not simply a “marriage between TradFi and DeFi.” Instead, the decentralized world is learning risk management from TradFi, while traditional finance is attempting to “go native on-chain.” And beyond that, these projects also show both strong commonalities and unique traits: Commonalities: Highly compliant, transparent reserves, institutional-grade security — they are the “face” of the RWA industry, representing the highest standards. Core Point 2: RWA’s Value Proposition — Where’s the Real Strength? If you had to sum up RWA in one sentence: “RWA is the bridge that allows on-chain finance to truly connect with real-world value.” And this bridge shines in three ways: 1. Unlocking real asset liquidity For example, tokenized U.S. Treasuries: assets that once required days of settlement and six-figure entry amounts can now circulate freely on-chain in units as small as $1. 2. Giving stablecoins “real yield” Traditional stablecoins like USDT/USDC don’t generate yield. But projects like Ethena USDtb return Treasury interest to holders. Holding a stablecoin becomes automatic yield farming. 3. Bridging TradFi and DeFi Institutional inflows into RWA improve on-chain asset quality and upgrade DeFi itself. Lending platforms can use RWA as collateral to lower volatility. Core Point 3: $26 Billion — A Quiet Explosion One number in the report was jaw-dropping: by mid-2025, the RWA market had reached $26 billion, compared to $5 billion in 2022 — a more than 5x growth. And this is just the beginning. BCG predicts $16 trillion worth of assets could be tokenized by 2030. Why so fast? CertiK summarized three main drivers: U.S. Treasuries as the entry asset Tokenized Treasuries grew 400% year-over-year, becoming the gateway for institutions. Safe, stable yield — perfect as foundational RWA. New trend of yield-bearing stablecoins Some RWA-backed stablecoins distribute Treasury interest to holders — “yielding stablecoins.” This may challenge the dominance of USDT/USDC. Deep involvement of TradFi giants BlackRock, Franklin Templeton, and others raised the trust bar, pushing compliance and transparency standards into the mainstream. And importantly — this growth wasn’t fueled by “airdrops, farming, or mining.” It was driven by real assets and real institutional capital. Core Point 4: Don’t Just Look at the Boom — Safety Is the Blade RWA is not just a “move to chain.” It’s a multi-dimensional project spanning law, custody, data, oracles, and compliance. CertiK noted: “RWA’s risks go far beyond traditional smart contract auditing.” Risk evolution: 2023–2024: Mostly off-chain credit defaults — borrowers not repaying. H1 2025: Total losses surged to $14.6 million — but this time the culprits were on-chain operational and technical risks. This shift is crucial: Early RWA = biggest risk was off-chain (borrower default). Now = biggest risk is on-chain (code bugs, oracle failures). That’s the signal: RWA has entered a “technical governance risk” era. You might think you’re investing in Treasuries, but in reality one oracle bug could wipe you out. This is true “tech finance.” Core Point 5: CertiK’s Five-Layer Security Stack — The “CT Scan” of RWA One of the most valuable contributions of the report: the Five-Layer Security Stack. Think of it as an RWA “human anatomy chart.” Each layer is a potential risk hotspot: Asset Layer: Do the real assets exist? Are they legally enforceable? Legal Layer: Is there a valid legal framework? Is regulation clear? Operational Layer: Are custodians and operators compliant? Is governance multi-sig and transparent? Data Layer: Are oracles reliable and decentralized? Any manipulation risks? On-Chain Layer: Are contracts audited? Any bugs? Is access control robust? Any weak link = loss of funds or collapse of trust. Based on this, CertiK also launched the Skynet RWA Security Scoring Framework, evaluating projects across six dimensions: asset authenticity, legal compliance, operational transparency, oracle reliability, contract security, and governance robustness. Its value: Letting users know if a protocol is trustworthy. Giving institutions and regulators a standard to measure risk. Building a transparent “trust layer” for the entire industry. Example: some projects may have real Treasuries, but all control sits in one multisig wallet. That’s high on “Asset Layer,” but low on “On-Chain” and “Governance.” Core Point 6: Three Lessons for the Industry From deep reading and structured analysis, here are three takeaways: RWA is standardizing, but not de-risking RWA is moving toward institutionalization — audits, proofs-of-reserve, on-chain governance. Investors can “see and verify.” But risk isn’t gone — it’s just more visible and traceable. In fact, RWA is more complex than pure DeFi because it spans both on-chain and off-chain governance. 2. The main threat has shifted from credit default to technical governance 2025’s biggest losses weren’t bond defaults — they were: Oracle manipulation distorting collateral ratios. Multisig hacks draining funds. “Emergency withdrawal” functions abused by teams. Reserve proofs delayed or falsified. Once assets are digitized, the digital layer itself becomes the weakest link. Which means security and compliance governance must be integrated. 3. No “universal ruler,” but the Security Stack is a radar The Five-Layer Stack and Skynet Framework aren’t there to tell you “invest or not.” They’re there to help you check: Is custody legal? Is the oracle centralized? Is the contract open source and audited? Is governance concentrated in one team? For institutions, regulators, and even retail users — this is a very practical radar. Core Point 7: Five Sentences You Should Remember RWA is digitizing real assets — it’s not a castle in the sky, but it’s not risk-free either. By 2025, RWA market size has hit $26B, with potential 100x growth over the next decade. Main risks have shifted from credit default to on-chain technical and governance failures. CertiK’s Five-Layer Security Stack is an effective risk scanning framework. In the RWA marathon, compliance, security, transparency, and technical strength will decide who lasts. Final Words: The Future of Finance Is More Than Just “On-Chain” RWA is Web3’s deep evolution. It’s no longer satisfied with “virtual economy,” but instead seeks full integration with real-world assets, institutions, laws, and regulators. It’s both an opportunity and a challenge. As CertiK said in the report: “RWA security has become the key question for Web3’s healthy growth.” This isn’t a slogan — it’s reality. Because in a market that could reach $16 trillion, risk management will be the line between survival and collapse.

November 18, 2025

Tovest – An Entry Point Into the Tokenized Real-World Assets (RWA) Market

As digital finance continues to grow rapidly and blockchain adoption becomes more widespread, Real World Assets (RWA) have emerged as one of the most notable trends. RWA enables traditional assets—such as U.S. equities, bonds, commodities, or real estate—to be brought onto the blockchain in the form of tokens, improving liquidity and lowering barriers to entry. Tovest is one of the platforms helping retail investors access RWA more easily through a transparent and simplified tokenization framework. This article provides an overview of how Tovest operates and the potential of RWA for everyday investors. 1. How Does Tovest Work? Tovest uses tokenization technology to convert real-world assets into blockchain-based tokens that can be traded. Key features include: 1.1. Fractionalization Traditionally, investing in U.S. stocks or high-value assets requires substantial capital. Tokenization allows assets to be divided into smaller portions, enabling new investors to participate with minimal capital. 1.2. Transparency Through Blockchain All transaction data is recorded on the blockchain, ensuring: -Transparency and verifiability -Immutable transaction history -Real-time asset value tracking 1.3. 24/7 Access to Global Assets Tokenized assets can be accessed by investors in any country—without restrictions from traditional market hours. This brings greater flexibility to portfolio management. 2. Benefits of Tovest for Retail Investors 2.1. Portfolio Diversification With Low Capital Investors can allocate funds across multiple asset types—from equities to tokenized real estate—reducing exposure to market volatility. 2.2. Flexible and Transparent Trading Tokens can be traded around the clock, with all data publicly available on the blockchain to support informed decision-making. 2.3. Improved User Experience and Market Understanding Starting with a small amount allows beginners to test strategies and become familiar with tokenized markets before scaling their portfolio. 2.4. Easier Access to U.S. Markets Tovest simplifies investing in U.S. assets without requiring international brokerage accounts or complex documentation. 3. Tokenization vs. Traditional Investing Compared to traditional investment models, tokenization offers: -Higher liquidity: 24/7 trading -Easier accessibility: lower capital requirements, fewer barriers -Data transparency: blockchain-stored transaction history However, tokenized models still rely on asset custodians and issuers, which investors should evaluate carefully. 4. How to Get Started With Tovest Step 1: Register an account. Step 2: Explore the available RWA token offerings, including U.S. stocks, bonds, and tokenized real estate. Step 3: Start investing with a small amount to familiarize yourself with the system. Step 4: Monitor price movements and adjust your portfolio over time. 5. RWA: Growth Trends and Future Outlook Tokenized real-world assets are becoming one of the fastest-growing segments in Web3. According to multiple market reports, the on-chain RWA sector has surpassed tens of billions of dollars, driven by participation from institutions such as BlackRock, Franklin Templeton, and JPMorgan. RWA is expected to become a bridge between traditional finance and blockchain, enabling broader market access and more efficient asset management. 6. Key Risks Investors Should Consider Despite its potential, RWA carries several risks: -Regulatory uncertainty: Tokenization laws vary across jurisdictions and remain under development. -Operational risk: Investors must understand the custodial structure and backing mechanism of tokenized assets. -Liquidity risk: Not all RWA tokens have sufficient trading volume. -Underlying asset volatility: Tokenization does not eliminate risks associated with the real asset. 7. Conclusion Tovest provides a simplified gateway for retail investors exploring tokenized real-world assets. With flexible trading, low capital requirements, and blockchain-enabled transparency, the platform may be suitable for both beginners and experienced investors. In the next article, we will share a practical guide to investing in RWA on Tovest, complete with real examples and portfolio optimization strategies.