The market value of the RWA sector reached a historic high of 76 billion USD, with on-chain assets exceeding 29 billion USD

ChainCatcher news, according to CoinMarketCap data, the overall RWA sector tokens rose by 11% in the past week, with the market capitalization increasing from $67 billion to a historical high of $76 billion.

RWA-related projects include oracle provider Chainlink, L1 public chain Avalanche, and institutional-grade RWA DeFi platform Ondo Finance, among which Ondo rose by 9% in a single day. RWA.xyz data shows that the total scale of on-chain tokenized assets has surpassed $29 billion for the first time this week, nearly doubling since the beginning of the year, with over half being tokenized private credit, about a quarter being tokenized U.S. Treasury bonds, and the rest being commodities, alternative funds, stocks, and bonds. When including stablecoins, the total scale of on-chain assets has reached $307 billion, with more than three-quarters deployed on Ethereum and its L2 networks.

Industry insiders say that the U.S. government is promoting tokenization to accelerate market modernization, and Wall Street and fintech companies are also incentivized to accelerate their layouts. In addition, the world's largest asset management company, BlackRock, is studying the tokenization of ETFs, having previously launched a tokenized money market fund BUIDL on Ethereum with a scale of $2.2 billion.