The Real World Assets (RWA) token sector on the blockchain is experiencing significant growth, surpassing $12 billion in market value, according to a report by Binance Research. This growth is attributed to the increasing interest of investors in the tokenization of physical assets on the blockchain, particularly traditional assets like US government bonds, private credit, real estate, and commodities. The tokenized US government bonds alone have reached a market capitalization of over $2 billion. Institutions, including BlackRock, Franklin Templeton, and WisdomTree, are actively participating in this sector, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The CEO of Binance Italy emphasizes the transformative impact of blockchain on financial assets and the future of tokenized assets. Additionally, Assetera, a regulated platform for RWA, has selected the Polygon blockchain for its RWA token trading, while Plume Network aims to tokenize $1.25 billion in RWA by Q4 2024 and eventually reach a total tokenization of $3 billion.
- Content Editor ( en.cryptonomist.ch )
- 2024-10-07
Binance Research: surpassed $12 billion in the bull market of RWA tokens