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By Ian Allison|Edited by Sheldon Reback
Updated Apr 17, 2025, 3:16 p.m. Published Apr 17, 2025, 1:00 p.m.
- The Stellar Development Foundation is aiming for a 10x increase in the value of real-world assets held on-chain compared with last year.
- As well as existing partnerships with Franklin Templeton and Wisdom Tree, Stellar is working with Paxos, Ondo, Etherfuse and SG Forge.
Stellar, a superfast and low fee-public blockchain, says it plans to hold $3 billion in real-world asset (RWA) value and power $110 billion in RWA volume by the end of 2025.
The goal set by the Stellar Development Foundation (SDF), the nonprofit that supports the development and growth of the Stellar network, is building on existing partnerships with the likes of Franklin Templeton and Wisdom Tree.
STORY CONTINUES BELOW
In addition, Stellar is welcoming a new round of tokenization specialists such as Paxos, Ondo, Etherfuse and SG Forge, the blockchain innovation division 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, said in an interview. “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.”
Tokenizing a range of existing financial assets has become all the rage among traditional finance firms over the past year or so, with major companies including BlackRock entering the space.
Stellar, established in 2014 by former Ripple CTO Jed McCaleb, is designed to facilitate fast and low-cost cross-border transactions between any pair of currencies or assets.
Ian Allison is a senior reporter at CoinDesk, focused on institutional and enterprise adoption of cryptocurrency and blockchain technology. Prior to that, he covered fintech for the International Business Times in London and Newsweek online. He won the State Street Data and Innovation journalist of the year award in 2017, and was runner up the following year. He also earned CoinDesk an honourable mention in the 2020 SABEW Best in Business awards. His November 2022 FTX scoop, which brought down the exchange and its boss Sam Bankman-Fried, won a Polk award, Loeb award and New York Press Club award. Ian graduated from the University of Edinburgh. He holds ETH.
