Data: RWA Market Cap Excluding Stablecoins Surpasses $20 Billion, Setting New Historical High

According to data from rwa.xyz cited by tokenized digital securities platform Securitize on platform X, the market capitalization of RWA (Real World Assets), excluding stablecoins, has surpassed $20 billion, setting a new historical high. This demonstrates investors' continued interest in the blockchainization of traditional assets. Among these, the tokenized U.S. Treasury market has performed particularly well, with its market cap exceeding $8.87 billion. Additionally, BlackRock's BUILD fund currently has a market capitalization of $1.73 billion.