The market for tokenized real assets (RWA) has grown by 40% since the beginning of the year, reaching $51 billion, despite a general correction at the crypto market. The number of holders of such tokens increased by 60%, to over 917,000. Figure ($18.9 billion) and Securitize ($4.3 billion) remain the leading asset holders, with private lending, US Treasury bonds, and precious metals accounting for the largest share of the market.

Most of the activity is concentrated in the networks Provenance and Ethereum. At the same time, a segment of token stocks showed the most explosive growth, increasing by 130% in six months to $1.6 billion, and monthly transactions in it reached $5.3 billion in June. Analysts highlight three main approaches to tokenization: infrastructure for round-the-clock trading without voting rights, a full layer for property transfer settlements, and hybrid models from large exchanges.

The further development of the industry is directly dependent on the SEC’s position, which has already approved NYSE and Nasdaq’s pilot projects for tokenized trading. Bernstein’s experts believe that a key market stimulus will be the introduction of an "innovative exception" legalizing trading such assets within the US. The sector’s boom is taking place against a backdrop of what analysts call the current price cycle for Bitcoin itself relatively "boring."