Real World Assets (RWA) are tokens representing traditional financial assets on the blockchain that can be fungible or non-fungible.
RWAs can represent tangible assets such as real estate, or intangible assets such as government bonds and carbon credits. The concept of $RWA is gaining increasing attention, becoming the second most popular narrative in this cycle after the Sola MEME.
Predictions suggest that the RWA market size could reach $100 trillion by 2030!
The RWA industry also covers various real-world financial sectors crucial for overall infrastructure development, such as:
- Commodities
- Blockchain
- Real Estate
- Government Bonds
- Insurance
- Others.
Currently, BlackRock has launched the first tokenized fund on Ethereum. Financial institutions are betting on these tokens, which is a good sign for the entire crypto market. Meanwhile, @coinbase has been selected as a key infrastructure provider. The collaboration between BlackRock and Coinbase is bound to revolutionize the RWA industry! There is no doubt that this field has impressive potential and may fully unleash in 2024-2025.