The ReFi Playbook

What are we about?

Hey everyone, I’m Ishan, the founder of ReFi Playbook powered by RegenX. This is our first newsletter in the tokenized Real World Assets space for green projects. We explore how blockchain and tokenization are transforming renewable energy, biodiversity, and other real-world assets, eliminating greenwashing and making sustainable investing more transparent and accessible.🌱🚀 

Here’s what we’ve got for you today:

• Market Rundown

• Global Headlines

• Chart of the Day

• Education: Article of the Day

• ReFi Project Analysis

Market Rundown

Global Headlines

• Over the past few weeks, crypto market participants have shifted away from speculative meme coins to coins of high-tech blockchain projects with real benefits such as Real-World Assets tokens.

• Digital assets are steadily gaining mainstream acceptance, particularly as central banks explore tokenization and traditional financial institutions integrate blockchain-based solutions.

• Bitcoin rebounds to US$84k after falling to its lowest level since November.

• Asset manager VanEck files for Avalanche ETF.

• Russia leans on cryptocurrencies for oil trade.

• Franklin Templeton is planning to launch an exchange-traded fund that will track the spot price of cryptocurrency XRP.

• Germany's Deutsche Boerse will offer cryptocurrency custody and settlement services for institutional clients.

• The U.S. regulator clarified that banks can engage in some crypto activities.

Chart of the Day

The tokenized Real-World Asset (RWA) market has continued its steady growth despite the broader crypto downturn. According to a Binance report, the market surged 144% to $62.7 billion, up from nearly nothing in 2019. This rise reflects growing institutional confidence and expanding real-world use cases. A key driver has been shifting US regulations following Donald Trump’s election, with expectations of reduced red tape and clearer guidelines, further boosting institutional interest in RWA tokenization.

Education - “What Are Real-World Assets (RWAs) and How Do They Differ from Cryptocurrencies?”

Without a doubt, one of the most talked-about narratives of 2024 was the meme coin boom. Meme coins, or altcoins (cryptocurrencies that are not Bitcoin), named after trends, humour, or pop culture, emerged as the most profitable sector of the year, averaging returns of over 2,400%.

However, this highly speculative sector is notoriously associated with fraud, market manipulation, and erratic price swings. According to BDC, “roughly 40% of projects are pump-and-dump schemes, and an additional 30% are outright ‘rug pulls’—crypto speak for when coin creators simply take the money and run.”

But that’s changing. A growing investor shift away from speculative assets is fuelling the rise of Real-World Asset (RWA) tokenization.

Unlike meme coins, which lack intrinsic value, RWA tokens are backed by real assets, including infrastructure, real estate, commodities, equities, bonds, and intellectual property.

Tokenization is the process of digitising assets on a blockchain, turning ownership into tradeable tokens. The key benefit? Traditionally exclusive asset classes become more accessible, with greater liquidity and transparency. Not to mention, at a fraction of the cost.

Bringing off-chain assets into the digital realm creates a more liquid, transparent, and secure financial system, reducing systemic risks and minimising conflicts of interest.

While tokenization has been discussed for years, 2025 marks a turning point—moving from theory to real-world applications and regulatory frameworks.

Today, major financial institutions—including BlackRock, Fidelity, BNY Mellon, J.P. Morgan, and Goldman Sachs—are actively using tokenization to enhance liquidity, accessibility, and reduce costs.

A $10 Trillion Opportunity

RWA tokens are a game changer. They give regular investors access to traditionally institutional-only assets, without breaking the bank and the high barriers. The potential is staggering. Leading financial institutions predict the RWA tokenization market will surpass $10 trillion by the end of the decade—a transformation that could redefine global finance.

RegenX Pitches at _SOUTHSTART: A Climate-Fintech Vision on Stage

What an incredible experience it was to pitch at _SOUTHSTART in Adelaide! 🎤✨

A massive thank you to _SOUTHSTART, ACS Labs, Pauline Fetaui, Laura Ashmole, and Daniel Johnsen for the opportunity to share the RegenX story on such an exciting platform.

We’re also grateful to the judges—Steve Baxter, Jodie Imam, and Sid Kasbekar—for their valuable feedback, encouragement, and time.

It was inspiring to pitch alongside a brilliant lineup of founders, all driving bold innovation. For RegenX, it was a chance to spotlight our mission: Bringing trust and transparency to climate investments through tokenisation and impact-driven finance.

The energy, connections, and support from the _SOUTHSTART community were truly next level.

Thank you again to everyone who made it happen—we're walking away more inspired, more energised, and more committed than ever to shaping the future of climate finance.

 Ishan Dan (CEO RegenX)