MSX marked a significant year in 2025, expanding its blockchain-based US stock ecosystem. The platform focused on tokenization, transaction innovation, and education, introducing a PFOF model to synchronize on-chain data with real-world liquidity. MSX also secured an MSB license and launched derivatives products, enhancing its service offerings. By the end of 2025, MSX reported a trading volume of $22.25 billion in real-world asset (RWA) transactions, with over 200 token assets and 171,900 users. On-chain analysis indicates increasing adoption and alignment with regulatory standards, underscoring MSX's growing influence in the blockchain financial sector.