According to Cointelegraph, Bernstein analyzed in a report that the size of the tokenized real-world assets (RWA) market has reached $51 billion, a 42% increase this year. Bernstein stated, "Tokenized private credit accounted for approximately 44% of the total RWA market, recording the largest share. US Treasury-backed RWAs were tallied at approximately 30%, and commodities at approximately 14%." In particular, Figure Technology Solutions emerged as a major RWA platform by tokenizing assets worth approximately $18 billion. BlackRock's tokenized money market fund BUIDL also saw its assets under management exceed $2.5 billion. Bernstein assessed that blockchain is establishing itself as a core infrastructure in global capital markets, and the growth of on-chain derivatives markets, such as Hyperliquid, is also accelerating the expansion of RWAs.
