In today’s briefing:
- Tokenized Real-World Assets (Part 1): Landscape & Value Chain

Tokenized Real-World Assets (Part 1): Landscape & Value Chain
- The on-chain real-world asset (RWA) market (ex-stablecoins) has grown to an estimated $24.8B (+57.9% YTD), validated by the presence of institutional giants like BlackRock, Franklin Templeton, and Apollo.
- Despite this surge, the current market is a small fraction of the $400T+ estimated “blue-sky” addressable TradFi market, highlighting a significant runway for growth.
- The on-chain market is currently dominated by two asset classes that offer utility.
