US GENIUS Act Sparks Growth in RWA Tokenization
Real-world asset (RWA) tokenization is gaining traction on Wall Street, accelerated by the US GENIUS Act, which establishes a regulatory framework for the $260 billion stablecoin market. This legislation, recently passed by the US House of Representatives and signed into law, enhances institutional confidence in the crypto space. Stablecoins, often backed by government bonds, are viewed as essential for future tokenization growth due to their predictability and liquidity. Currently, RWA growth is primarily in private credit (60%) and US Treasury debt (28%). The potential exists for tokenization to expand into more complex asset classes like derivatives and intellectual property. The Aptos blockchain is becoming a hub for RWA activity, with tokenized RWAs surpassing $540 million in value.
