What You Need to Know:
- The Stellar Development Foundation is targeting a tenfold increase in the value of real-world assets on the blockchain compared to last year.
- Stellar is expanding collaborations with Paxos, Ondo, Etherfuse, and SG Forge alongside existing partnerships with Franklin Templeton and Wisdom Tree.
Stellar aims to manage $3 billion in real-world asset (RWA) value and facilitate $110 billion in RWA transactions by the end of 2025.
The Stellar Development Foundation (SDF), which drives the growth of the Stellar network, intends to build on partnerships like the one formed with Franklin Templeton and Wisdom Tree.
Additionally, Stellar is bringing in new tokenization experts such as Paxos, Ondo, Etherfuse, and SG Forge, the blockchain unit of French bank Société Générale.
“We have a goal of powering $3 billion in real-world asset value on Stellar in 2025,” Lauren Thorbjornsen, VP and chief of staff at Stellar Development Foundation, stated. “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.”
The trend of tokenizing various financial assets has gained traction among major firms in the finance sector over the past year, with companies like BlackRock entering the realm.
Stellar, founded in 2014 by former Ripple executive Jed McCaleb, is structured to enable rapid and cost-effective cross-border transactions between different currencies and assets.
