The market capitalization of the RWA sector hit a record high of US$76 billion, and the scale of on-chain assets exceeded US$29 billion.

According to CoinMarketCap, the overall value of RWA tokens rose 11% over the past week, increasing their market capitalization from $67 billion to a record high of $76 billion. RWA-related projects include oracle provider Chainlink, L1 public chain Avalanche, and institutional-grade RWA DeFi platform Ondo Finance, with Ondo seeing a 9% daily increase. Data from RWA.xyz shows that the total value of tokenized assets on-chain exceeded $29 billion for the first time this week, nearly doubling since the beginning of the year. Over half of this is tokenized private credit, about a quarter is tokenized US Treasury bonds, and the remainder is comprised of commodities, alternative funds, stocks, and bonds. Including stablecoins, the total value of on-chain assets has reached $307 billion, with over three-quarters deployed on Ethereum and its L2 network. Industry insiders say the US government is promoting tokenization to accelerate market modernization, incentivizing Wall Street and fintech companies to accelerate their deployment. In addition, BlackRock, the world's largest asset management company, is studying the tokenization of ETFs and has previously launched BUIDL, a $2.2 billion tokenized money market fund on Ethereum. (Cointelegraph)