Emerging RWA Play - Bitwise analyst views Pokémon and other TCGs as an emerging Real World Asset (RWA) play [1] - The analyst believes TCGs are nearing their "Polymarket moment" [1]

Machine RWA & Tokenization - peaq 在机器 RWA 启动后，将来自 290 万台机器的收入进行代币化 [1] - peaq 使用 fractional ownership tokens (碎片化所有权代币) 来分配 12-35% 的 APY (年化收益率) [1]

RWA (Real World Assets) Tokenization - Tokenized gold on Ethereum (ETH) reaches $2.2 billion, becoming a significant RWA pool onchain [1] - Each ounce of tokenized gold settles faster on Ethereum than through the traditional global banking system [1] Ethereum Network Advantage - Ethereum facilitates faster settlement of tokenized gold compared to the global banking system, which has been in operation for centuries [1]

XRP Ledger Growth & Adoption - XRP 的价格在过去 12 个月里有显著增长，涨幅超过 400% [1][2] - Ripple 的 XRP Ledger 的 RWA（Real World Assets）价值激增 32.27%，DeFi TVL（Total Value Locked）增长 19% [3] - 过去 30 天，XRP Ledger 增长近 30%，具体为 23.43%，约 37 million 美元；稳定币市值增长 56% [6] - Open Eden 在 30 天内增长了 274% [7] Tokenization & Institutional Interest - 预计到 2033 年，tokenized assets 的未来价值将达到 18.9 trillion 美元，其中机构级别的托管是关键因素 [9][14] - 亚太地区 71% 的金融机构和企业对数字资产的信心增强 [15][16] - 尽管目前只有 30% 的公司使用托管解决方案，但另有 52% 的公司计划在未来 3 年内采用 [15] Ripple's Role & Future Outlook - Ripple 正在构建核心基础设施，XRP 在 Ripple 的 tokenization 战略中至关重要，因为它具有内置的 DEX 和支持大规模 tokenization 的能力 [21][22] - Guggenheim 的 Apex 2025 数字商业票据（DCP）已在 XRP Ledger 上线，发行额超过 280 million 美元 [25] - Tokenized US Treasuries 现已在 XRP Ledger 上线，由 BlackRock 的 BUILD 基金支持，价值超过 30 million 美元 [26] - Marcato Bitcoin 正在将超过 200 million 美元的 RWA 带到 XRP Ledger 上 [27] - 行业预计 tokenized RWA 的总价值最终可能超过 100 trillion 美元 [33]

Project Launch - Binance HODLer Airdrop launches its 32nd project, Plume (PLUME), an EVM-compatible blockchain for Real World Assets (RWA) [1] Listing Information - Binance will list PLUME at 23:00 (UTC+8) on August 18, 2025 [1] Trading Pairs - Trading pairs with USDT, USDC, BNB, FDUSD, and TRY will be available, subject to Seed Tag trading rules [1]

XRP holders, we just witnessed something very, very crazy and we have to talk about this. We are going to go over this in detail because this is actually a very big deal. So, first, let's actually start off with a few things. Number one, let's go back to August 8th where we did see Ripple put out a post. Now, we did include this in a recent video and it was basically just addressing the tokenization shift. You know, it's no longer a trend. It's reshaping global finance. Here's how RWAS are moving onchain wi ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2025 was $115.4 million, a 47.9% increase from $78 million in Q1 2025 [5][21] - Adjusted EBITDA reached $60.7 million, with net income of $47.1 million, marking a strong rebound from Q1 [5][27] - First half 2025 financial performance included total revenue of $193.4 million and net income of $30.3 million [6] Business Line Data and Key Metrics Changes - Cloud mining revenue increased to $94.3 million, a 22.3% year-over-year increase and a 75.6% increase compared to Q1 [21] - Self-mining revenue was $14.8 million, representing 12.8% of total revenue, while mining equipment sales revenue was $5.2 million, accounting for 4.5% [22] - Total managed mining capacity reached 36.2 exahashes per second, a year-on-year increase of 46.6% [23] Market Data and Key Metrics Changes - The number of registered cloud mining users exceeded 629,000 as of July 31, 2025 [7] - Total Bitcoin output for Q2 was approximately 10.60 Bitcoins, with 143 Bitcoins from self-mining and 9.17 Bitcoins from client cloud mining activities [23] Company Strategy and Development Direction - The company aims to explore a self-generated mining model by sourcing natural gas and deploying generators [10][11] - Plans to master the entire supply chain from fuel to electricity to maintain industry-leading electricity costs [12] - The combination of cloud mining and real-world assets (RWA) is seen as a strategic direction to enhance liquidity and attract institutional capital [12][16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about Bitcoin's price performance, predicting it could reach approximately $200,000 by 2025 [18][19] - The company anticipates a good year with many growth opportunities over the next three years [20] Other Important Information - The average bare electricity price for mining farms fell to 3.6 to 4.2 cents, with prices as low as 3.14 cents at African mining farms [8] - The company held $211.4 million in cash, cash equivalents, and digital assets as of June 30, 2025, an increase from $168.1 million at the end of 2024 [27] Summary of Q&A Session - There was no Q&A session conducted during the call, and participants were advised to email questions to the investor relations team for responses [4]

Tokenization and Real World Assets (RWAs) - Tokenized value on chain is nearly $26 billion, and is expected to grow [3] - BlackRock is heavily involved in tokenization, with almost $3 billion on chain through its USD Institutional Digital Liquidity Fund [9] - BlackRock believes the next step is tokenization of financial assets, including stocks and bonds, on a general ledger with individual investor identification [11] - BlackRock CEO Larry Fink sees tokenization as a technological transformation for financial assets, enabling instantaneous settlement and customized strategies [12] Digital Identity and Control - A coordinated digital identity verification system is considered necessary for the tokenization revolution [19] - The financial services industry is focusing on building a zero-trust framework for identification, raising concerns about digital IDs [23] - The combination of tokenization and digital IDs could enable tracking of all transactions [25] CBDCs and Stablecoins - Stablecoins are viewed as a way to circumvent the ban on Central Bank Digital Currencies (CBDCs) in the US, effectively functioning as CBDCs [6][7] - Stablecoins are becoming increasingly significant, making up over 1% of the global M2 supply [9] Fourth Industrial Revolution and WEF - Tokenization and blockchain are part of the Fourth Industrial Revolution, supported by organizations like the World Economic Forum (WEF) [20][21] - BlackRock is a partner of the WEF and is actively pushing tokenization [22] Regulatory Landscape - SEC Chair Paul Atkins supports tokenization as an innovation and aims to make regulations transparent to foster innovation in the marketplace [27][28] - The SEC is seen as shifting towards supporting tokenization to enhance efficiency and certainty in trade settlement [29][30] Potential Risks and Concerns - Big players may be weaponizing tokenization technology [1] - Universal basic income and digital IDs are linked to the acceleration of AI and automation [5] - Cyber security challenges, particularly digital verification, pose a significant obstacle to the widespread adoption of tokenization [18]

RWA Tokenization Trend - RWA (Real World Asset) token holder count is experiencing exponential growth [1] - An increasing number of investors are holding assets on-chain [1] - The industry anticipates this on-chain asset holding trend to accelerate further [1]

RWA Tokenization - Solana is accelerating the tokenization of Real World Assets (RWA) [1] - The goal is to integrate every asset and market onto a globally distributed state machine [1] Asset Classes - The assets include treasury bonds, private credit, and stocks [1]