ME News report, June 9 (UTC+8), according to CoinFound data:
Stablecoins, $294.768 billion
Commodities, $5.408 billion
Asset-backed credit, $2.038 billion
Tokenized stocks, $1.709 billion
U.S. Treasury bonds, $1.645 billion
Featured Finance, $204 million
Multi-currency credit, $0.12 billion
Corporate credit, $0.01 billion
Non-U.S. government bonds, $0.01 billion
Market dynamics:
- Tokenized stocks have reached a market cap of $5.5 billion, driven by SpaceX's IPO
- The UK FCA proposes to allow authorized funds to hold up to 10% in crypto ETNs.
- Morgan Stanley partners with Galaxy Digital to convert crypto assets into ETPs
Summary
Traditional financial assets such as tokenized stocks, pre-IPO equity, and ETPs are rapidly being brought on-chain, with the RWA narrative expanding from government bonds and funds to a broader range of capital market assets for trading and circulation.(Source: CoinFound)

