Rapid Development of the RWA Track: New Public Chains, Competitions, and Fund Sizes Breakthroughs

Recently, the real world asset (RWA) sector has shown rapid development. As of March 25, the total on-chain value of RWAs reached $19.53 billion, with a growth of 19.58% over the past 30 days, achieving a year-on-year growth of 108%. Ethereum leads with a total value of $5.01 billion, followed by ZKsync Era and Algorand.

Converge Public Chain Plan Launch in Q2

Converge is a network specifically designed for traditional finance and digital dollar settlements, aimed at providing a settlement layer that merges TradFi with DeFi. This public chain has two core application scenarios: permissionless spot and leveraged DeFi speculation settlements, as well as the storage and settlement of stablecoins and tokenized assets.

Multiple protocols have committed to building institutional-grade DeFi products on Converge, including markets designed for tokenized assets, interest rate speculation infrastructure, modular money markets, and more.

Sky $1 Billion Asset Tokenization Competition Results Announced

The BUIDL and USTB from Superstate, and JTRSY from Centrifuge, which are collaborations between a certain company and a certain institution, have become the winners of the Spark tokenization competition. These projects will receive funding support of $500 million, $300 million, and $200 million respectively, to bring tokenized assets into the Spark liquidity layer.

DigiFT Launches On-Chain Tokenized Index Fund

A certain cryptocurrency exchange has announced the launch of two fully tokenized index funds: the AI Stock Index Fund and the Web3 Index Fund. These funds operate based on smart contracts, support stablecoin subscriptions and redemptions, and feature real-time on-chain transparency and 24/7 settlement cycles.

Development of On-chain Mortgage-backed Securities Market

A certain technology company is innovating the mortgage-backed securities capital market through blockchain technology. Several major financial institutions are adopting its electronic lien registration system to promote loan automation on the blockchain and streamline the approval process for home equity credit lines.

Tokenized Private Placement Infrastructure Fund Open to Retail Investors

A certain platform has collaborated with an asset management company to launch the first "perpetual" tokenized infrastructure fund in the United States open to non-accredited investors. The fund has a minimum investment threshold of $500 and covers infrastructure assets such as data centers, energy pipelines, and transportation hubs.

Dubai Launches Pilot for Real Estate Tokenization

The Dubai Land Department has launched a pilot "Real Estate Tokenization Project," becoming the first registration authority in the Middle East to implement blockchain-based real estate property tokenization. The project is expected to exceed a market value of $16 billion by 2033, accounting for 7% of the total real estate transaction volume in Dubai.

A large asset management company doubles down on the RWA track

A well-known asset management company has applied for registration of the "OnChain" stock category for its tokenized US dollar money market fund, currently using the Ethereum network, with potential expansion to other blockchains in the future.

BUIDL Fund Breaks $1 Billion in Assets Under Management

A BUIDL fund from a large asset management company has surpassed $1 billion in assets under management, becoming the first institutional on-chain fund to reach this milestone. BUIDL is backed by short-term government bonds and provides daily returns to qualified investors, and has expanded to multiple blockchain networks.

With the continuous influx of institutional funds and the improvement of infrastructure, RWA is expected to further expand its influence in the cryptocurrency market and even the global financial system. Future development trends are worth paying attention to.