RWA zone market capitalization reached a historical high of 76 billion USD, with on-chain asset scale exceeding 29 billion USD.

Odaily News According to CoinMarketCap data, in the past week, the overall tokens in the RWA zone rose by 11%, with market capitalization increasing from 67 billion USD to a historical high of 76 billion USD. RWA-related projects include Oracle Machine provider Chainlink, L1 public chain Avalanche, and institutional-grade RWA DeFi platform Ondo Finance, among which Ondo rose by 9% in a single day. RWA.xyz data shows that the total scale of on-chain tokenized assets has surpassed 29 billion USD for the first time this week, nearly doubling since the beginning of the year, with over half being tokenized private credit, about a quarter being tokenized US Treasury bonds, and the rest being commodities, alternative funds, stocks, and bonds. If stablecoins are included, the total scale of on-chain assets has reached 307 billion USD, with more than three-quarters deployed on Ethereum and its L2 networks. Industry insiders say that the US government is promoting tokenization to accelerate market modernization, and Wall Street and fintech companies are also encouraged to accelerate their layout. In addition, the world's largest asset management company BlackRock is studying the tokenization of ETFs, and previously launched a tokenized money market fund BUIDL on Ethereum with a scale of 2.2 billion USD. (Cointelegraph)