One of the notable changes in the 2025 crypto market is the acceleration of real-world assets entering the on-chain space. There is a clear trend of traditional financial assets such as US Treasuries, stocks, and commodities being transferred to the blockchain. In particular, this year has seen a peak in demand for gold, and in response, tokenized gold is growing at a remarkable rate. The industry has repeatedly mentioned the onboarding of gold-backed tokenized assets, indicating that this trend is shaping a new direction for the digital asset market.