RWA market reaches $24.216 billion, tokenized U.S. Treasuries surpass $12 billion

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Real-world assets (RWA) news reports that the RWA market reached $24.216 billion as of May 22 (UTC+8), according to CoinFound. Tokenized U.S. Treasuries have surpassed $12 billion, hitting $13 billion, making them the largest non-stablecoin RWA category. The U.S. SEC is developing an "innovation exemption" for tokenized stocks, while JPMorgan is launching a tokenized money market fund. Market updates highlight ongoing growth in RWA adoption and regulatory advancements.

ME News report, May 22 (UTC+8), according to CoinFound data:

  • Stablecoin, $230.571 billion
  • Commodities, $5.591 billion
  • Asset-backed credit, $2.098 billion
  • U.S. Treasury bonds, $1.941 billion
  • Tokenized stocks, $1.749 billion
  • Featured Finance, $199 million
  • Multi-currency credit, $0.12 billion
  • Corporate credit, $0.01 billion
  • Non-U.S. government bonds, $0.01 billion

Market dynamics:

  • The size of tokenized U.S. Treasuries has surpassed $12B–$13B, becoming the largest non-stablecoin RWA category on-chain.
  • The U.S. SEC is preparing to introduce an "innovation exemption" that would allow crypto platforms to legally trade on-chain stocks.
  • JPMorgan is launching a new tokenized money market fund.

Summary:

The biggest change in the RWA market isn't "a certain project rising," but rather the joint push by U.S. regulators and Wall Street to shape the on-chain securities market, with Tokenized Treasuries becoming the new foundational asset class across the entire crypto financial system.(Source: CoinFound)

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