RWA Tokenization Just Hit a New ATH: $32B On-Chain (Excluding Stablecoins)

>Real-world asset tokenization continues to accelerate!
>
>Total on-chain RWA value just crossed $32B, excluding stablecoins. A new all-time high.
>
> \~$5B (late 2023) → $32B+ today
> US Treasuries lead, but commodities and credit are catching up fast
> The asset mix gets broader every quarter
>
>TradFi is moving on-chain, category by category.
>
>Up only, regardless of market conditions.

Source: [https://x.com/LeonWaidmann/status/2074702523449987427](https://x.com/LeonWaidmann/status/2074702523449987427)