Tokenized real-world asset (RWA) markets have returned to their all-time high as related tokens led the crypto market recovery on February 3.
The total value locked (TVL) in tokenization markets reached $17.1 billion, just below the mid-January peak.
Additionally, the sector’s TVL has increased by 94% compared to the same period last year, adding nearly $4 billion in the past three months, according to RWA.xyz.
RWA Tokens Leading the Market
This surge came after U.S. President Donald Trump temporarily suspended planned tariffs on Canada and Mexico.
While the total crypto market capitalization has increased by approximately 7% in the past 24 hours, RWA-related digital assets have recorded even higher gains.
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Chainlink (LINK) surged 22%, exceeding $21. Mantra (OM) gained 23%, while Ondo Finance (ONDO) jumped 27%. Chintai (CHEX) surged 38%.
Other RWA-focused cryptocurrencies, including Algorand (ALGO), XDC Network (XDC), Quant (QNT), and Pendle (PENDLE), also outperformed the broader market.
Wall Street is Bullish on RWA Tokenization
RWA tokenization market TVL began surging in early November, increasing by 26% or approximately $4 billion since then.
According to RWA.xyz, nearly 70% of the total onchain value comes from private credit, while U.S. Treasury bonds account for 21%.
Meanwhile, major Wall Street institutions are betting big on the $30 trillion RWA tokenization market. Haqq Network co-founder Andrey Kuznetsov stated that asset tokenization is fundamentally transforming financial markets.
Centrifuge’s General Counsel Eli Cohen expects the Trump administration to publicly renounce restrictive policies, further fueling RWA market growth in 2024.
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