Moody's "RWA fund assets under management surpass $5.7 billion"

JH Kim

Summary

Moody's reported that real world asset (RWA) fund assets under management increased to $5.7 billion.
It was announced that BlackRock's tokenized fund BUIDL and Franklin Templeton's Onchain U.S. Government Money Fund (FOBXX) have $2.5 billion and $700 million in assets under management, respectively.
The market for tokenized funds is expected to continue its rapid growth as institutional interest increases.

Global credit rating agency Moody's reported in a report that real world asset (RWA) fund assets under management have increased to $5.7 billion.

According to virtual asset (cryptocurrency) media outlet Cointelegraph on the 3rd (local time), Moody's stated that "the tokenized fund market is being led by the growth of certain companies," adding that "BlackRock's tokenized fund BUIDL manages $2.5 billion, while Franklin Templeton's mutual fund Onchain U.S. Government Money Fund (FOBXX) has $700 million in assets under management."

Furthermore, it was explained that "other RWA funds launched by Superstate, Ondo Finance, and Circle each manage between $480 million and $660 million," and analyzed that "institutional interest in tokenized funds continues to increase, so the tokenized fund market could continue to grow rapidly."