Just crossed with this another great Leon Tweet showing a really beautiful chart.
As you can see in the chart above, tokenization of real world assets (RWAs) are flooding onto public blockchains like it has never happened before and momentum is only picking up.
Just looking to the numbers you get really bullish:
- $33.24 billion worth of RWAs are now tokenized, a new all time high.
- Growth is up 13% in just one month according to Leon Tweet.
- Over 416,000 wallets are actively managing onchain real world value.
- 221 issuers have already bridged traditional finance to the blockchain.
- And private credit alone represents a massive $17.5B slice of the pie.
As you can also see in the chart, private credit is the one leading the move, stocks and commodities are exploding in relative growth. This means that the next wave of tokenization is not just loans, it is entire markets being rebuild on chain.
Its funny because not so long time ago the same banks and institutions that FUDed crypto are now tokenizing their own assets and racing to join the party. This is the future. TradFi is here and we were right, crypto is the future and the good times are about to start for us. Furthermore, the real winner in this is Ethereum ecosystem.
Source:
TradFi Said Crypto Was A Joke… Now They’re Tokenizing Everything They Own – $33.24B RWAs Onchain, 13% Monthly Growth and Entire Markets Are Moving Onchain
byu/kirtash93 inethtrader
Posted by kirtash93
3 Comments
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I still don’t believe in RWAs (edit: Texas), but it’s nice that others do and even grow the space.
!tip 1
Classic TradFi flip! Moving RWAs onchain totally changed the rules of the game.
^(!tip 1)