According to RWA.xyz data, tokenized asset holders reached an all-time high of 3.67 million in August, surging roughly 2,500% since May 2025. But the growth masks a sharp divergence: monthly transfer volume for tokenized stocks fell 50.96% to $13.14 billion, and monthly active addresses dropped 48.36% to 760,000. Real-world-asset perpetual volume also retreated 13.5% to $122 billion from July’s record $141 billion. The holder surge is driven largely by tokenized stocks and ETFs distributed through platforms like Robinhood, but it has not yet translated into sustained onchain activity.

Dubai Multi Commodities Centre (DMCC) has completed the tokenization of the world’s largest silver bar — a Guinness World Record asset weighing 1,971 kilograms with 99.9% purity — making it the first commodity RWA launched under the DMCC-VARA tokenization framework. Manufactured in the UAE by SAM Precious Metals to commemorate the founding of the UAE in 1971, the bar is registered and verified through DMCC Tradeflow and held in secure custody by Brink’s. VARA-regulated platform Tokinvest issues fractional interests as an Asset-Referenced Virtual Asset (ARVA), with tokens deployed on BNB Chain, opening subscription to eligible institutional and retail investors from September 7.

Stablecoin issuer Tether and London-based asset manager Fasanara Capital have jointly launched StableFund, an evergreen private-credit vehicle anchored by $400 million in co-investment and targeting up to $3 billion in third-party institutional capital. The fund uses USD₮ as its settlement basis, deploying through Fasanara’s fintech lending network across more than 60 countries into short-duration, asset-backed SME and consumer credit. The global private-credit market stands at roughly $3 trillion and is projected to reach $5 trillion by 2029; the SME financing gap is estimated at $5.7 trillion.

Real-world-asset investment platform Oria announced on September 9 in Hong Kong a product strategy built around Oria.xyz, evolving from a pure asset issuer into a comprehensive digital-asset investment ecosystem spanning account registration, identity verification, product subscription and position tracking. Oria.xyz targets individual users by integrating dollar-denominated, yield-generating RWA-backed investment products, with eligible users able to start investing from a minimum of $100. Underlying assets include Mexican consumer-credit receivables originated by Revnoc Operaciones, managed by a Mexican SOFOM, structured with a senior/subordinated tranche to protect senior investors.