Hyperliquid's weekly trading volume (July 13-19) was 54% driven by Real-World Assets (RWAs), outpacing crypto for the first time, with SK Hynix leading interest.
DTCC is conducting a tokenization trial with 40 firms, including JPMorgan and BlackRock, to represent shares and Treasuries on-chain. However, the usability of these tokens as collateral is hampered by unresolved issues concerning asset pricing, oracle reliability, and accountability for losses when price feeds fail, posing a significant hurdle for institutional adoption.
Active use of tokenized real-world assets (RWA) in DeFi has recovered to $3.77 billion, nearing pre-exploit levels after an April 18 incident caused a $13 billion decline. The recovery, led by Ethereum, also sees significant growth on Solana, Monad, and Avalanche, but concerns about market concentration and cross-chain risk persist.
Robinhood Chain's new mainnet has seen significant retail activity, primarily driven by the memecoin CASHCAT, which reached a $150 million market cap. The chain's open architecture allowed CASHCAT to gain traction on external DEXs, bypassing Robinhood's app-listing process.
Standard Chartered predicts tokenized real-world assets (RWAs) could reach $2.7 trillion by 2030, driven by increased adoption in DeFi and growing market value. US Treasuries, private credit, stocks, commodities, and real estate are key growth areas, with significant institutional involvement.
Chinese police have published a detailed technical report revealing their sophisticated forensic tools and methods for tracking, seizing, and freezing illicit cryptocurrencies like Bitcoin and Ethereum, which are banned in China but favored by criminals for scams and money laundering.
Crypto exchange Bybit is expanding into real-world assets by offering eligible customers access to tokenized bond funds from PIMCO and China Merchants Bank International. The new RWA Earn platform features two funds: the PIMCO Dynamic Income Opportunities Fund and the CMBI Investment Grade Bond Fund.
Crypto exchange Bybit is expanding into real-world assets by offering tokenized bond funds from PIMCO and China Merchants Bank International. The new RWA Earn platform will feature funds tokenized by DigiFT, using Plume's onchain infrastructure, allowing users to subscribe with USDC.
Despite strong Solana ETF inflows and high network usage, SOL's price is falling due to a value-capture disconnect. Fee structures and macro pressures are cited as reasons, with proposed reforms aiming to address inflation and weak fee burns.
The tokenized real-world asset market is approaching $30 billion, but only $2.47 billion is active in DeFi. Permissioned structures and compliance hurdles limit integration with open crypto markets, creating a divide between on-chain ownership and DeFi composability.
The tokenized real-world assets (RWA) market is valued at nearly $30 billion on-chain, but only $2.47 billion is actively used in DeFi protocols. This gap is largely due to permissioned architectures and compliance constraints that limit composability, with bond and money market funds being the largest category outside of DeFi.
Real-world assets (RWA) on blockchain surpass $32 billion in market value, but experts warn about liquidity issues and fragmentation across blockchains, potentially draining billions from the market annually.
XRPL holds $3.6 billion in real-world assets (excluding stablecoins), with $2.6 billion in represented assets and $1 billion in distributed. The JMWH energy token accounts for $1.76 billion—roughly half the total RWA value and 70% of the represented segment. Issued by Justoken in partnership with Argentine energy producer YPF Luz, JMWH represents one megawatt-hour of energy per token. The represented asset model uses blockchain as record-keeping infrastructure rather than for peer-to-peer transfer, aligning with XRPL's native compliance controls. While the Enertoken proof-of-concept suggests potential to push RWA value toward $4.5-5.5 billion, single-issuer concentration risk and competition from open distribution models present significant challenges.
OCBC has launched GOLDX, a tokenized physical gold fund issued on Ethereum and Solana, in partnership with its asset management arm Lion Global Investors and digital asset exchange DigiFT. The token provides on-chain exposure to the LionGlobal Singapore Physical Gold Fund, which has $525 million in assets under management. Targeted at institutional investors, hedge funds and asset managers, the fund can be purchased using stablecoins and fiat currencies, with tokens delivered directly to investors' blockchain wallets.
