Cryptocurrencies supporting real-world asset tokenization surged 11% as the RWA token market cap hit an all-time high of almost $76 billion. The total value of tokenized assets onchain also peaked at over $29 billion, nearly doubling since the start of the year. More than half of this total value is tokenized private credit. When stablecoins are included, the total value reaches $307 billion.

BlackRock, the world’s largest asset manager, is considering tokenizing its ETFs on the blockchain after the success of its USD Institutional Digital Liquidity Fund on Ethereum, which has grown to $2.2 billion in assets under management. BlackRock CEO Larry Fink believes that every financial asset can be tokenized, democratizing finance and modernizing markets.

Read more at Cointelegraph: RWA Tokens Hit $76B Record High As Tokenization Surges