Forwarding the original title “Overview of the Seven Major On-Chain Newcomer RWA Projects: KTA Market Capitalization Exceeds 900 Million USD, On-Chain Capital Markets Become a Hotspot”

With traditional financial giants increasingly “bringing capital into the group” and with policy regulation becoming clearer, the RWA sector is accelerating into mainstream view. Assets that were once explored in small circles are now becoming a bastion of compliant innovation. Recently, an “on-chain” wave of “compliance + imagination” has quietly emerged, with several projects labeled as RWA attracting market attention.

This article by PANews reviews the recent 7 active on-chain new forces under the RWA narrative, covering the Base, BNB Chain, and Solana ecosystems. Most projects are evolving comprehensively towards application landing, compliance practices, and ecological linkage across multiple dimensions, balancing narrative imagination and practical feasibility.

Keeta (KTA)

Keeta (KTA) is a Layer 1 network based on the Base network that connects the global financial system, featuring built-in KYC real-name authentication, digital identity, on-chain foreign exchange (FX) mechanisms, and a flexible rules engine. It is officially claimed to be the first blockchain network that can truly support compliant financial transactions on a global scale. Keeta previously received $17 million in funding from former Google CEO Eric Schmidt, with a valuation of $75 million at the time of the investment. CEO Ty Schenk was a partner at the investment firm Steel Perlot and served as a director and CEO of LFG Payments.

According to GMGN data, as of May 26, the market capitalization of KTA recently exceeded $910 million, with the number of holding addresses surpassing 73,000.

Related reading:In a single month, it has increased 8 times, supported by Google’s halo and a boast of millions of TPS. Is the new L1 Keeta a potential stock or just a concept hype?

BUILDon (B)

BUILDon (B) is a popular MEME coin deployed on the BNB Chain and serves as the main trading medium for the dollar stablecoin USD1, endorsed by the Trump family. According to GMGN data, as of June 26, the market capitalization of $B once surpassed $460 million, setting a historical high, with over 25,000 addresses holding the coin.

According to the latest data from DeFiLlama and CoinMarketCap, as of May 26, a staggering 98.88% of the USD1 issuance is concentrated on the BNB Chain. In the past 24 hours, the trading volume of the B/USD1 trading pair exceeded 190 million USD, accounting for 69.06% of all trading pairs related to $B, highlighting the core position of $B in the USD1 ecosystem.

Not only that, $B has received support from the mainstream exchange Binance and has successively launched on Binance’s Alpha platform and contract trading section. At the same time, Binance also announced that users withdrawing USD1 through BNB Chain will enjoy zero fees, which will further stimulate the trading activity of $B within USD1 ecological projects. It is worth mentioning that the crypto project WLFI, under the Trump family, has recently officially acquired $B, marking the institution’s first foray into MEME coin investment.

In terms of policy, the U.S. GENIUS stablecoin bill has recently passed the Senate vote smoothly, and is now awaiting final approval from the House of Representatives and President Trump. Once the legislation is passed, it will lay a compliance foundation for the stablecoin market and have far-reaching effects. According to a report from Citibank cited by The Block, Citibank predicts that the market capitalization of stablecoins will reach $1.6 trillion by 2030 under a baseline scenario, and $3.7 trillion under an optimistic scenario. If the regulatory framework is in place, stablecoin issuers may become one of the largest holders of U.S. Treasury bonds. For emerging dollar stablecoins like USD1, compliance support and ecosystem integration will unleash greater potential, possibly making its primary trading medium $B more imaginative.

ALLO (RWA)

ALLO (RWA) aims to build the world’s first tokenized securities exchange, providing 24/7 trading, ultra-low fees, and instant settlement, supported by institutions such as NGC Ventures, Morningstar Ventures, and Gate. According to official disclosures, Allo has achieved $2.2 billion in RWA tokenization, staked $50 million in Bitcoin, and launched a $100 million lending pool. Last year, ALLO was selected for the BNB Chain MVB8 acceleration program, and the token $RWA recently landed on Binance Alpha.

According to GMGN data, as of May 26, the $RWA market capitalization recently broke through 200 million USD, with the number of holding addresses exceeding 12,000.

Collaterize (COLLAT)

Collaterize is built on the Solana network to create an internet capital market, aiming to develop the largest RWA asset pool in the market, enabling access, trading, and management of all asset tokenizations. The $COLLAT token is designed to bring more individuals into the RWA tokenization process, allowing users to easily access a range of on-chain real assets. Collaterize co-founder Pierre has previously worked at Microsoft and IOTA. Recently, Collaterize has received multiple interaction supports from Solana’s official team and co-founder Toly.

GMGN data shows that as of May 26, the market capitalization of $COLLAT has surged significantly since May, reaching a peak of over $91 million, with the number of holding addresses exceeding 13,000.

Paraverse (PVS)

Paraverse (PVS) includes the decentralized cloud rendering service ParaLab aimed at XR and 3D assets, and the Web3 trading platform ParaHere. Its utility token PVS serves as the core tool for payments, rewards, and governance within the ecosystem. Users can access high-performance cloud rendering services and earn staking rewards by holding PVS. The token was officially launched on Solana in March this year. According to official disclosures, Paraverse has attracted over 1,000 enterprise partners and more than 10,000 independent developers globally since 2016, with applications covering digital twins, education and training, medical rehabilitation, and virtual live streaming.

According to GMGN data, as of May 26, the market capitalization of PVS has exceeded 18 million USD, with the number of wallet addresses exceeding 7,600.

GitFish (Linux)

GitFish is an innovative platform based on Solana, aimed at tokenizing and trading open-source code repositories on GitHub, allowing users to convert GitHub repositories into tradable tokens, with repository owners able to earn a certain fee (such as swap fees) through trading. GitFish is incubated by Alliance DAO and has received support from forwarders or replies such as Solana, Raydium, and Helius. The first project of GitFish, $Linux, ended its presale in three days, attracting approximately $7.5 million in funding. However, Linus Torvald, the father of Linux, has recently responded that he is not involved in any activities of GitFish.

According to GMGN data, as of May 27, $Linux has been declining since its opening, with a current market capitalization of about $10 million, almost halving from the private placement price of $2.3.

Convergent (CVGT)

According to the official introduction, Convergent (CVGT) is an LSDFi protocol built on Solana, supported by Jito and Pyth Network. The protocol allows users to mint the stablecoin USV by over-collateralizing SOL, with an interest rate of 0%. The protocol will stake the SOL collateralized by users to Jito, allowing users to continuously earn staking rewards and returns in the background while holding $USV. The minted $USV can be used to participate in DeFi applications within the Solana ecosystem. $CVGT is the governance token of Convergent, and holders can earn protocol revenue and vote on protocol parameters such as emissions, fees, and collateralization ratios. Convergent claims to have no pre-sale, VC rounds, or seed unlocks.

According to GMGN data, as of May 26, the market capitalization of CVGT recently peaked at over $7 million, with the number of holding addresses exceeding 2,500.

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