What do I think is the most important thing to keep an eye on in the encryption circle in 2025?

It is not another emerging Dogecoin, nor is it a new chain claiming to overthrow Ethereum.

This is a deal made by Robinhood and Arbitrum.

Why? Because this time it’s not a technical showcase, it’s not just making promises or telling stories, but for the first time, traditional financial institutions are seriously moving real assets onto the blockchain, using the blockchain as a truly functional financial infrastructure.

This is not a quantitative change, but a qualitative change.

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**Tokenization is finally not just a PPT**

In recent years, terms like RWA, asset tokenization, and on-chain clearing and settlement must have made your ears calloused, right?

But this time is different.

Robinhood directly moved 780 stocks onto the chain, and backed them with 1:1 physical shares as custody endorsement. What does this mean? It means that:
- Assets on the chain are no longer virtual; they are backed by real equity.
- The value of blockchain to traditional finance is no longer just talk.
- Traditional players like Robinhood have already started using the chain as a foundational tool for settlement, clearing, and custody.

What's even more brutal is that Google's stock (GOOGL) has already been linked to 1 million dollars.

This is not a technical validation; this is the starting gun for asset on-chain.

The breakout point for the next round of market trends may no longer be the on-chain gambling methods, but rather a true on-chain capital market.

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**Why choose Arbitrum? Because it's not just about…**

(To be continued)