PANews reported on January 30th that, according to Cointelegraph, despite the weak price performance of Avalanche's native token AVAX, the total value locked in its on-chain tokenized real-world assets surged 68.6% in the fourth quarter of 2025, growing nearly 950% for the year, surpassing $1.3 billion. A Messari report indicates that this growth was primarily driven by the launch of BlackRock's $500 million BUIDL fund on the chain last November, and the partnership between Fortune 500 fintech company FIS and Avalanche's ecosystem platform Intain to launch tokenized lending services.