Against the backdrop of accelerated digitalization and institutional innovation in global financial markets, Real World Assets (RWA) are gradually moving into the spotlight. Recently, BiFinance announced the completion of a $10 million Series B financing round, with its latest valuation reaching $200 million. This round was led by the Free Republic of Liberland and Sunfund Fortuna Global Opportunities, with participation from institutions such as Victus Global. This not only provides capital support for BiFinance but also signifies that the RWA track is gaining recognition from global mainstream capital and national levels.
The financing news coincided with institutional breakthroughs in the U.S. market. On September 8, 2025, the U.S. SEC accepted a proposal submitted by Nasdaq to allow products such as stocks and ETFs to be traded on the main board in tokenized form. The proposal explicitly states that tokenized securities enjoy the same rights as traditional stocks and will be settled by the DTC, with an expected launch in 2026. This marks the formal entry of the securities market into an institutionalized tokenization phase, strongly echoing BiFinance's market exploration.
BiFinance's uniqueness lies in its combination of institutional experimentation and market application. The participation of the Free Republic of Liberland has made it a "national-level capital pilot," while institutional investors have incorporated its ecosystem token BFT into fund allocations, marking the first time a platform token has become a strategic asset for international institutions. This is not only a capital investment but also an institutional attempt at tokenized finance.
In practical applications, BiFinance has launched the gold token TGT and the stock token SDMT. TGT has improved the efficiency of cross-border gold settlement, reducing settlement time to seconds and costs by 65%. SDMT enables compliant on-chain circulation of stocks, allowing global investors to participate directly. These cases prove that BiFinance is not only a trading platform but also a key force driving changes in the circulation of traditional assets.
It can be said that BiFinance's Series B financing is not just a capital event but an important footnote in the global institutionalization process of RWA. From gold to stocks, and then to the institutional response of capital markets, RWA is moving from marginal innovation to mainstream rules, and BiFinance has become a forefront example of this trend. In the future, with more institutional breakthroughs and capital injection, RWA may reshape the operational logic of global financial markets.
