The market value of the RWA sector hits a record high of US$76 billion, and the on-chain asset scale exceeds US$29 billion

According to CoinMarketCap data, the RWA sector tokens have risen 11% overall in the past week, with market value rising from $67 billion to an all-time high of $76 billion. RWA-related projects include oracle provider Chainlink, L 1 public chain Avalanche, and institutional-level RWA DeFi platform Ondo Finance, among which Ondo rose by 9% in a single day. According to RWA.xyz data, the total size of on-chain tokenized assets exceeded US$29 billion for the first time this week, nearly doubling since the beginning of the year. More than half of them are tokenized private credit, about a quarter are tokenized US bonds, and the rest are commodities, alternative funds, stocks and bonds. If included in stablecoins, the total on-chain assets have reached US$307 billion, and more than three-quarters are deployed on Ethereum and its L2 network. Industry insiders said that the U.S. government is promoting tokenization to accelerate market modernization, and Wall Street and fintech companies are also being motivated to accelerate their layout. In addition, BlackRock, the world's largest asset management company, is studying to tokenize ETFs, and has previously launched the tokenized money market fund BUIDL with a scale of US$2.2 billion on Ethereum. (Cointelegraph)