Institutional RWA Protocol R25 Launches rcUSD and rcUSDp on Sui

By: theblockbeats.news|2025/11/25 15:45:53
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BlockBeats News, November 25th, the institutional-grade RWA protocol R25 officially brought real-world assets to the Sui Network, launching rcUSD (a token backed by RWA) and its interest-bearing version rcUSDp. This collaboration enables regulated off-chain financial instruments to be brought on-chain on Sui, achieving on-chainization.

rcUSD: A token backed by RWA – supported by regulated, interest-bearing real-world financial instruments, pegged to a value of 1 US dollar;

rcUSDp: A yield-bearing token received by staking rcUSD, with interest-earning capabilities. Its sources of yield include: underlying RWA asset pools (such as tokenized money market funds), on-chain incentives, allowing holders to continuously receive staking rewards.

rcUSD and rcUSDp will be integrated with various DeFi protocols on Sui, bringing new on-chain yield opportunities, lending functions, RWA-backed asset liquidity, further expanding the Sui DeFi ecosystem, which already has over $2 billion TVL. This collaboration represents a significant advancement in bringing compliant off-chain assets on-chain, with rcUSDp being among the first yield-bearing tokens supported by institutional-grade security and real yield assets. For Sui, this is also a crucial milestone driving TVL growth and introducing non-crypto-native liquidity.

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On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


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