The tokenized real-world asset (RWA) market has experienced significant growth, with its value doubling to reach $12 billion in the past year, as reported by cryptocurrency exchange Binance.
This expansion is largely driven by key segments such as tokenized U.S. Treasury bonds, private credit, commodities, equities, real estate, and non-U.S. bonds.
Additionally, new areas like aviation rights, carbon credits, and fine art are beginning to gain popularity.
Corporate involvement has been crucial to this growth. BlackRock is a leading player with its BUIDL tokenized treasury bond offering, valued at over $500 million, and it also holds major positions in U.S. spot Bitcoin and Ethereum ETFs.
Franklin Templeton’s FBOXX stands as the second-largest tokenized treasury product, while WisdomTree has made strides in tokenized equity and digital fund products.
Looking ahead, the anticipated U.S. rate-cutting cycle may affect various RWA protocols, especially those tied to U.S. Treasury bonds. Additionally, ongoing debates about the regulatory landscape for RWAs are shaping industry discussions.
Binance has seen a sharp rise in interest from institutional and corporate investors, with a 40% increase in participation this year, according to CEO Richard Teng.
Sam Altman’s Worldcoin project continues to gain global traction, recently expanding its World ID verification system to Poland.
Binance has confirmed the leak of its upcoming Telegram mini-app game, Moonbix, ahead of its official launch.
Silvergate Capital Corporation, the parent entity of Silvergate Bank, has entered Chapter 11 bankruptcy proceedings in Delaware.