{"id":12004,"date":"2024-03-26T16:47:20","date_gmt":"2024-03-26T14:47:20","guid":{"rendered":"https:\/\/forklog.com\/en\/rwa-tokens-surge-81-in-a-week\/"},"modified":"2024-03-26T16:47:20","modified_gmt":"2024-03-26T14:47:20","slug":"rwa-tokens-surge-81-in-a-week","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/rwa-tokens-surge-81-in-a-week\/","title":{"rendered":"RWA Tokens Surge 81% in a Week"},"content":{"rendered":"<div class=\"wp-block-text-wrappers-keypoints article_keypoints\">\n<ul class=\"wp-block-list\">\n<li>The market capitalization of RWA tokens has risen to $8 billion, with ONDO, POLYX, and OM leading the pack.<\/li>\n<li>Several major crypto projects have introduced new solutions for tokenizing &#8220;real-world&#8221; assets.<\/li>\n<\/ul>\n<\/div>\n<p>Tokenized &#8220;real-world&#8221; assets (RWA) are gaining traction. The sector&#8217;s total market capitalization increased by 81% over seven days, reaching $8 billion.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/6gIzwNcCmxbUR8mbpZmF_TSMQCgotjWVo3FNmbGyQoE2xS4uAUZ4-xuOOtQ0as5ekWDQnBNNPN_cZDrT3I711eTMVguVnvPr-_5zim1ykbZcuzlkmqCvzuDcVGhlo0f-oNkVZKjdbXPC0_wd4REa8iI\" alt=\"RWA Tokens Surge 81% in a Week\"\/><figcaption class=\"wp-element-caption\">RWA Token Index. Source: <a href=\"https:\/\/www.coingecko.com\/en\/categories\/real-world-assets-rwa\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>Six of the 15 largest coins in the segment showed triple-digit growth over the week. Some maintained their momentum even during the broader market correction.<\/p>\n<p>The leading token was Ondo (ONDO), which increased in price by 122%. At the time of writing, the asset is trading at $0.91 with a market capitalization of $1.3 billion.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/Lj2T7gSt-dB3wr2sS1rUHV3Bgq2fvI-6mwJ4ZZhU4eYcwjnmXbaiJfjZfe9K7QmH3gLbhOHMD8vjVE0LKmvdag4crfUGQ3ZJ0xHYNFX2-0qUjZH3C7GJZpmIHBHWZke91I7tednZ_iGqjBHA7PMQ6f0\" alt=\"RWA Tokens Surge 81% in a Week\"\/><figcaption class=\"wp-element-caption\">Hourly chart of ONDO\/USDT on Bybit. Source: <a href=\"https:\/\/ru.tradingview.com\/symbols\/ONDOUSDT\/\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<p>ONDO is the native coin of Ondo Finance, a project specializing in decentralized investment products. In February, the platform released tokenized versions of U.S. bonds.<\/p>\n<p>Following ONDO is Polymesh (POLYX), which rose by 205% to $0.6, with its market capitalization reaching $619 million.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/QqmLYYEsDOuTtqXB6Xp08AXtVYNqjSHXEmiS6MUy5f383HDkJND55Jr6QvoEmczWr9JCXdOCJFG90HjMUFyRWap8lNVn-d1YGEe9tXIpee7MLF-dbFhtUlILtLrIJGqB1-Aht-v81A1TMCplid5V2jk\" alt=\"RWA Tokens Surge 81% in a Week\"\/><figcaption class=\"wp-element-caption\">Hourly chart of POLYX\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/symbols\/POLYXUSDT\/\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<p>POLYX is a utility token of the Polymesh Layer 1 blockchain, aimed at developing the security token sector. The network uses the Nominated Proof-of-Stake (NPoS) consensus algorithm developed by Polkadot.\u00a0<\/p>\n<p>In third place is MANTRA (OM) with a market capitalization of $577 million. It is one of the few assets with negative dynamics in the sector. Over the week, the coin fell by 15%, but it recovered 5.5% in the past 24 hours, trading at $0.72.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/NX4hq1AbVWrNbCjqqyorCeETJC74sgIXTWIleZPF55WMldVHXBdDlzRKdsKcPNxIf8Zopxa6ZmZKe_JoNmGNoWKbzz0SZ5-YoMadjD730bAcO9LYrn2mDwhXk-rkpWF0HIcIqBWo9fMmWs-5dIID6SI\" alt=\"RWA Tokens Surge 81% in a Week\"\/><figcaption class=\"wp-element-caption\">Hourly chart of OM\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/symbols\/OMUSDT\/\">TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n<p>OM is a utility coin of a vertically integrated blockchain ecosystem launched in 2020. The platform creates infrastructure to merge DeFi and <span data-descr=\"traditional finance\" class=\"old_tooltip\">TradFi<\/span> through the tokenization of &#8220;real-world&#8221; assets.\u00a0<\/p>\n<p>The RWA sector is the second most dynamic among other crypto sectors, surpassed only by &#8220;cat&#8221; meme tokens.\u00a0<\/p>\n<h2 class=\"wp-block-heading\"><strong>RWA Applications<\/strong><\/h2>\n<p>Alongside the segment&#8217;s momentum, several projects and organizations have announced initiatives to implement tokenized &#8220;real-world&#8221; assets.\u00a0<\/p>\n<p>On March 19, the oracle network Chainlink and the Avalanche blockchain <a href=\"https:\/\/chain.link\/resources\/cross-chain-tokenized-asset-settlement\">published<\/a> the results of a pilot project conducted by the Australia and New Zealand Banking Group (ANZ) for transferring tokenized assets between public networks using Chainlink&#8217;s Cross-Chain Interoperability Protocol (CCIP).<\/p>\n<p>During the testing, ANZ clients purchased New Zealand dollar-pegged stablecoins on Avalanche and then exchanged them on the Ethereum network for NFTs representing tokenized natural resources of Australia. The bank facilitated the conversion of fiat into digital currencies.\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;The ANZ project illustrates how innovative traditional financial service providers are preparing for a new version of capital markets enhanced by blockchain. In these tests, the bank is pioneering the transfer of on-chain value, while the infrastructure created by Chainlink and Avalanche ensures compatibility and customizability,&#8221; <a href=\"https:\/\/www.avax.network\/blog\/anz-leverages-avalanche-and-chainlink-in-tokenized-asset-settlement-project\">said<\/a> Ava Labs President John Wu.<\/p>\n<\/blockquote>\n<p>Other institutions implementing CCIP include BNY Mellon, Citi, BNP Paribas, Euroclear, Lloyds Banking Group, and SIX Digital Exchange.<\/p>\n<p>According to a dashboard on <a href=\"https:\/\/dune.com\/linkpool\/chainlink-ccip?NETWORK+INCREMENT+PERIOD_ef982e=\">Dune<\/a>, since the launch of the cross-chain protocol, Chainlink has earned $484,000, 43% of which was generated in March.<\/p>\n<p>On March 25, the RWA exchange DigitFT, licensed by the Monetary Authority of Singapore, <a href=\"https:\/\/www.digift.sg\/announcements\/first-rwa-depository-receipt-tokens.html\">launched<\/a> the first tokenized depository receipts (DR), granting ownership rights to U.S. Treasury bills.<\/p>\n<p>The company stated that the assets legally represent the direct beneficial interest of token holders while facilitating network settlements.\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;DigiFT USA tokens (DRUST) are the first offering under the DR structure. Each DRUST is directly backed by highly liquid and short-term U.S. Treasury bills with an AA+ rating, specifically designed for stablecoin issuers and Web3 product developers\/managers,&#8221; explained representatives of the exchange.\u00a0<\/p>\n<\/blockquote>\n<p>Back in January, the &#8220;real-world&#8221; asset tokenization platform Dinari <a href=\"https:\/\/u1f987.com\/en\/news\/dinari-secures-10-million-in-seed-funding-for-rwa-project\">closed<\/a> a $10 million seed funding round. The project team has already launched two dozen RWA coins, dShare, on Arbitrum, representing stocks, exchange-traded products, real estate, and other assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The market capitalization of RWA tokens has risen to $8 billion, with ONDO, POLYX, and OM leading the pack. Several major crypto projects have introduced new solutions for tokenizing &#8220;real-world&#8221; assets. Tokenized &#8220;real-world&#8221; assets (RWA) are gaining traction. The sector&#8217;s total market capitalization increased by 81% over seven days, reaching $8 billion.\u00a0 RWA Token Index. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1388,1150,1308,596],"class_list":["post-12004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-chainlink-link","tag-news-plus","tag-rwa","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"32","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=12004"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12004\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/12003"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=12004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=12004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=12004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}