Stellar, a blockchain designed for fast and affordable transactions, aims to reach $3 billion in real-world asset (RWA) value by the end of 2025. The Stellar Development Foundation (SDF) announced this ambitious target, leveraging existing partnerships with financial firms like Franklin Templeton and Wisdom Tree.
To achieve this, Stellar is collaborating with tokenization specialists including Paxos, Ondo, Etherfuse, and SG Forge. Lauren Thorbjornsen, VP at SDF, highlighted that this goal represents a significant increase of over 10x from the $290 million in RWA held on Stellar at the close of December 2024.
Established in 2014, Stellar facilitates cross-border transactions between various currencies and assets. The tokenization of financial assets is gaining momentum among traditional finance companies, with major players like BlackRock also exploring this avenue.