Rwa Hub

In recent months, I have been immersed in the world of RWA (Real World Assets), scrolling through various project teams' tweets almost every day: putting bonds on the blockchain, putting funds on the blockchain, putting carbon credits on the blockchain... from financial assets expanding to wine, artworks, rare sneakers, music copyright income, and even future ticket revenues and player contracts, there are people packaging them as RWA. This inevitably reminds me of the craze for Security Token Offerings (STO) and NFTs back in the day, when Jaylen's pink monkey NFT was stolen by a phishing website, causing quite a stir (image). After hearing and seeing so much, I have personally witnessed many subpar projects masquerading under the banner of RWA, which are essentially just Ponzi schemes. Over time, RWA has become synonymous with 'harvesting leeks' in the eyes of many.

Jia Yueting announces FFAI strategic initiative: investment in Nasdaq-listed QLGN, another milestone in RWA history
On September 19, 2025, a remarkable business event shocked the capital markets and the cryptocurrency community: Jia Yueting, as the founder and global co-CEO of Faraday Future Intelligent Electric Inc. (Nasdaq code: FFAI), announced that FFAI has invested approximately $41 million in Nasdaq-listed Qualigen Therapeutics, Inc. (Nasdaq code: QLGN) through a private equity investment (PIPE). Of this, FFAI contributed around $30 million, and Jia Yueting personally invested about $4 million. This investment will enable FFAI and Jia Yueting to collectively hold approximately 62% of QLGN's common stock, marking QLGN's strategic transformation from a traditional biotechnology company to the cryptocurrency and Web3 field.

Even Nasdaq has started to 'panic'—on September 8, it officially submitted a proposal to the SEC to plan for the launch of stock tokenization trading.


Introduction: Traditional trading institutions such as the London Stock Exchange and Börse Stuttgart have successively launched tokenized fund platforms. The crypto industry is developing at an astonishing speed and is quietly splitting the original market—traditional institutions strive to maintain a 'unified market,' while emerging forces continue to seize market share. Will stock tokenization reshape the financial world or exacerbate market fragmentation?

Against the backdrop of the RWA (Real World Assets) tokenization wave sweeping the global financial system, the stock market is undergoing unprecedented transformation. According to BlackRock Chairman and CEO Larry Fink, by 2030, the RWA market size will reach $30 trillion. Currently, the entire RWA market value in the crypto sector is only $24 billion—if his prediction is accurate, this means there is nearly 1000 times growth potential!