RWA Crypto Market Reaches $62.22 Billion, Poised for Trillion-Dollar Growth

The Real World Asset (RWA) crypto sector has reached a market capitalization of $62.22 billion, signaling significant growth in the tokenization of tangible assets like real estate, stocks, and bonds. According to CCN on current date, John Patrick Mullin, co-founder of MANTRA, believes that tokenized RWAs could become crypto's next trillion-dollar market. The World Economic Forum (WEF) estimates that by 2027, 10% of global GDP, approximately $10 trillion, will be stored on blockchain networks. BlackRock launched its first tokenized treasury fund, BUIDL, in July 2024. MANTRA has also been active in the Middle East, tokenizing $500 million worth of real estate for Dubai-based MAG Group in July 2024 and partnering with DAMAC Group to expand tokenized financing across various sectors, targeting a minimum value of $1 billion. Mullin notes that RWAs are rolling out in conjunction with regulation, potentially leading to faster adoption compared to traditional crypto.