[RWA, how far have we come?] Here’s a summary of the key points from the YBA report quoted directly by @Theo_Network! (*Yield Bearing Assets = assets that generate interest income) 1⃣ Huge growth potential in the RWA market The share of YBA in Trad-Fi is 55-65%, while in Web3 it is only 8-11%, lagging 5-6 times behind TradFi. This gap will eventually close, and it is expected to grow more than 5-6 times. With the GENIUS Act as a turning point, the market for yield-generating stablecoins is predicted to grow significantly at a rate of 300% YoY. 2⃣ Integration of RWA The RWA market is expected to grow by 260% in the first half of 2025 through the connection of TradFi and on-chain. This will accelerate according to the regulatory clarity of the GENIUS Act. (Securitize, Centrifuge, Ondo, etc.) 3⃣ Role of DeFi YBA accounts for 30% of AAVE, becoming a key component of DeFi TVL. In other words, as RWA meets DeFi and becomes Yield Bearing Assets that generate income, it will play a crucial role, according to the report. Additionally, @Theo_Network was introduced as a Tokenization Platform, and $thBILL was mentioned as an example of YBA! This report provides a balanced perspective on where RWA currently stands in both DeFi and Trad-Fi, making it a worthwhile read for those who are interested in RWA. Meanwhile, I also thought that @stbl_official, which can issue stablecoins backed by Black Rock's BUIDL and Franklin Templeton's BENJI mentioned in the report, is worth keeping an eye on. $STBL