RWA-themed tokens see market cap rise 11% in a week…On-chain value surpasses 40 trillion won

The market capitalization of tokens related to real-world asset tokenization (RWA) has drawn market attention after increasing by 11% over the past week. The total value of tokenized assets recorded on-chain exceeded, for the first time, 29 billion dollars (approximately 40.25 trillion won).

On the 12th, according to crypto-focused media Cointelegraph, over the past week the market cap of the RWA token sector expanded from about 67 billion dollars to just under 76 billion dollars, marking an all-time high. Major projects include blockchain oracle Chainlink (LINK), layer-1 Avalanche (AVAX), and institution-only decentralized finance (DeFi) platform Ondo Finance (ONDO).

According to RWA data firm RWA.xyz, the on-chain value of tokenized assets recently surpassed 29 billion dollars for the first time. This figure is nearly double that at the start of the year. More than half of the total assets are tokenized private credit, about a quarter are tokenized U.S. Treasuries, and the remainder consists of commodities, alternative investment funds, equities, and bonds.

Crypto trader Ryan Sean Adams said on X (formerly Twitter) on the 11th, "Tokenization is now being promoted as a key agenda for market modernization even at the U.S. government level," adding, "Wall Street and fintech firms are being strongly incentivized."

Meanwhile, the world's largest asset manager BlackRock is reportedly also reviewing tokenization of its own exchange-traded funds (ETFs). Last year, BlackRock launched an Ethereum-based tokenized money market fund 'BUIDL', and assets under management have grown to about 2.2 billion dollars. BlackRock CEO Larry Fink emphasized, "All financial assets can be tokenized," and "Tokenization will lead to the democratization of finance."