based on materials from the site - By crypto.news
Tokenized assets doubled over the year thanks to the expansion of on-chain finance on Wall Street.
Stablecoins still account for 90% of all RWA assets, but other segments are growing rapidly.
RWA assets, excluding stablecoins, doubled over the year.
Private credit and tokenized treasury bonds are the fastest-growing segment of RWA.
The BlackRock BUIDL fund leads in the segment of tokenized treasury bonds.
Real assets demonstrated significant growth over the past year. On August 18, the total value of tokenized assets rose to $26.30 billion compared to $12.4 billion at the same time last year, according to data from rwa.xyz.
Tokenized private credit has become the largest segment, accounting for more than half of the total value of RWA — $15.3 billion. At the same time, the segment of tokenized U.S. treasury bonds showed the greatest growth, increasing by 80% since the beginning of the year to $7.31 billion.
The BlackRock BUIDL fund, offering tokenized U.S. treasury bonds, leads among all RWA issuers with a volume of $2.397 billion. In second place is tokenized gold Tether Gold (XAUT) with a volume of $1.252 billion.
Tokenized assets offer investors a simpler way to access traditional assets. For example, private lending was typically only available to select banks and institutional investors. With RWA, companies can seek funding from a broader range of investors.
The same applies to tokenized U.S. treasury bonds, which provide foreign investors with an easy way to access this market. This allows Wall Street to expand its service markets, so many companies are entering this market.
Notably, stablecoins can be considered the largest segment of RWA. Technically, tokenized cash, the total value of all stablecoins currently stands at $266.74 billion. If stablecoins were considered RWA assets, they would occupy more than 90% of the RWA market. However, due to their different functionality, they are usually not considered as such.
#MarketRebound , #Сryptomarketnews
If you cannot handle the large flow of news regarding cryptocurrencies and the world of finance, then perhaps you should not be subscribed to this group (!) ... 😉🙄
