The RWA ecosystem on @avax experienced a breakout Q4 2025, up 68.6% QoQ and 949.3% YoY. This was driven by @BlackRock issuing $500 million in tokenized assets through its BUIDL fund, as well as FIS’ tokenized loan pools. These pools represent both commercial real estate and aviation loans. @SPDJIndices also partnered with @DinariGlobal to launch the S&P Digital Markets 50 Index, a benchmark combining 35 crypto-linked equities and 15 digital assets into a single tokenized index on Avalanche.