What to know:
- In a world where dreams are often dashed, the Stellar Development Foundation dares to aim for a 10x increase in the value of real-world assets held on-chain compared to last year. Ambitious, isn’t it?
- With existing partnerships with the likes of Franklin Templeton and Wisdom Tree, Stellar is now cozying up to Paxos, Ondo, Etherfuse, and SG Forge. Because why not add more friends to the party?
Ah, Stellar! The blockchain that promises to be faster than a cheetah on roller skates and cheaper than your morning coffee. They boldly declare their intention to hold a staggering $3 billion in real-world asset (RWA) value and facilitate a whopping $110 billion in RWA volume by the end of 2025. Talk about aiming for the stars! 🚀
The noble goal set by the Stellar Development Foundation (SDF), that altruistic nonprofit, is to build upon existing partnerships with the financial titans like Franklin Templeton and Wisdom Tree. Because who doesn’t want to play with the big boys?
But wait, there’s more! Stellar is rolling out the red carpet for a new wave of tokenization specialists, including Paxos, Ondo, Etherfuse, and SG Forge, the blockchain innovation arm of the illustrious French bank Société Générale. It’s like a tech-savvy family reunion!
“We have a goal of powering $3 billion in real-world asset value on Stellar in 2025,” said Lauren Thorbjornsen, VP and chief of staff at Stellar Development Foundation, in an interview that surely made headlines. “That would be more than a 10x increase from the $290 million in RWA we had in Stellar at the end of December 2024. But already we see a lot of growth happening on the network, just in the first quarter of this year.” Growth, growth, and more growth! 🌱
Tokenizing a range of existing financial assets has become the latest trend among traditional finance firms, with major players like BlackRock jumping on the bandwagon. Who knew finance could be so fashionable?
Stellar, born in 2014 from the brilliant mind of former Ripple CTO Jed McCaleb, is designed to facilitate fast and low-cost cross-border transactions between any pair of currencies or assets. A noble endeavor indeed, but will it live up to the hype? Only time will tell!
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2025-04-17 16:19