USDRWA Tokenization Tops $10B as BlackRock and Startups Drive Growth
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RWA Tokenization Surpasses $10 Billion TVL, Led by BlackRock and Treasury-Backed Tokens
As of March 24, 2025, real-world asset (RWA) tokenization has exceeded $10 billion in total value locked (TVL), fueled by institutional leaders like BlackRock, Franklin Templeton, and Ondo Finance. Treasury-backed tokens alone reached $4.2 billion TVL, led by assets such as BlackRock’s BUIDL, Ondo’s OUSG and USDY, and Franklin’s BENJI. Commodities like Paxos Gold (PAXG) added $1.26 billion, with over $500 million in TVL. BlackRock’s BUIDL surged 127% in AUM over the last 30 days, hitting $1.467 billion. Ethena Labs’ founder claims the DeFi protocol is responsible for 95% of BUIDL's growth in the past three weeks, with Ethena allocating $200 million—over 60% of BUIDL’s value. Ethena’s USDtb stablecoin, launched in December 2024, uses BUIDL as its main reserve asset. Ethereum remains dominant in RWA issuance, with 66.49% market share and $4.759 billion AUM across 140 products. BUIDL may soon receive $500M from Spark’s $1B tokenization program.
Ocree Capital Launches Tokenized Real Estate Platform in Canada with $52M Winnipeg Property
Ocree Capital has launched a regulated real estate platform in Canada, allowing investors to access tokenized shares of a $51.9 million commercial property in Winnipeg, Manitoba, which features 156 units of Class “A” multi-residential development. The platform, debuting on March 24, offers $4 million of equity through fractional shares, enabling investors to participate in the property's equity via a limited partnership. The property is fully tokenized on the Polymesh blockchain, a platform designed for real-world assets. Ocree is registered as an exempt market dealer with the Ontario Securities Commission and holds licenses across all Canadian provinces and territories except Quebec. Tokenization is gaining traction in traditional finance, as it enhances liquidity and reduces transaction bottlenecks, with the potential of the tokenized securities market reaching trillions by 2030. Currently, the on-chain value of real-world assets has increased to $31.3 billion, up 94% in the past month.
Crypto Startups Launch Tokenized Shares of Major Equities Like Tesla and Nvidia
As of March 2025, a surge of blockchain startups is enabling crypto traders to invest in tokenized shares of major equities, such as Tesla and Nvidia, while remaining on the blockchain. Firms like Backed anticipate that by year-end, $1 billion to $2 billion in equities will be tokenized. This evolution follows Wall Street giants like BlackRock and Fidelity launching cryptocurrency ETFs, allowing access to crypto investments without direct ownership. In contrast, tokenized equities provide 24/7 trading, faster settlement, and programmable features, attracting institutional interest. The total value locked (TVL) in real-world asset (RWA) protocols surpassed $10 billion, driven largely by institutional players. Early movers operating outside the U.S. are experiencing significant demand, particularly in Southeast Asia, with Injective generating over $60 million in trading volume shortly after launching its tokenized assets. The ongoing blending of traditional finance and crypto underscores a transformative shift in the investment landscape.
CME Group and Google Cloud Pilot Tokenization Solutions to Enhance Capital Market Efficiency
CME Group and Google Cloud have announced a pilot program to enhance capital market efficiency through tokenization and seamless wholesale payments using Google Cloud's Universal Ledger (GCUL). The integration and testing phase has been successfully completed, signaling progress in leveraging advanced technology for the financial sector. Terry Duffy, CME Group's CEO, emphasized the importance of innovative solutions for affordable digital value transfer and the benefits it brings to collateral, margin, settlement, and fee payments, particularly with the push for 24/7 trading. Rohit Bhat from Google Cloud highlighted the significance of providing advanced infrastructure to enable financial institutions to innovate and streamline operations. GCUL is designed for easy integration, management of accounts and assets, and facilitating transactions on a secure, private network. Direct testing with market participants is scheduled for later this year, with a goal to launch new services in 2026, marking a pivotal step towards transforming traditional financial systems.
Asia Web3 Alliance Japan Proposes U.S. Partnership for Tokenization and Regulatory Innovation
The Asia Web3 Alliance Japan has proposed to the U.S. government a partnership focused on tokenization and regulatory innovation. Their letter to the SEC's Crypto Task Force highlights the need for clearer pathways for Japanese web3 startups to issue tokenized assets. They commend the U.S. for advancements in classifying security categories and urge international cooperation. The proposal includes measures for consistent classification of "tokenized securities," regulatory interoperability, and improved cross-border token trading and custody. This initiative coincides with a shift in the U.S. government’s stance on digital assets under the current administration, led by President Donald Trump.
This article has been refined and enhanced by ChatGPT.
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