We told you so...
Real World Assets are one of the leading narratives in crypto this cycle. The stats reflect the hype: ▫️ Distributed Asset Value: $36.84B (+2.79%) ▫️ Stablecoin Value: $297.24B (+0.21%) ▫️ Total Stablecoin Holders: 278.41M (+3.01%) ▫️ Total RWA Holders: 1.36M (+38.07%) Capital has remained steady while adoption continues to accelerate, setting the stage for the next wave of tokenized capital. Institutions aren't just talking about tokenization. They're building Infrustructure layer to support the stack: 🏛 Asset Managers • BlackRock: Larry Fink called tokenization "the next upgrade to financial plumbing" and BlackRock continues expanding its tokenized fund lineup. • Franklin Templeton: Partnered with Ondo to bring tokenized ETFs onchain. • JPMorgan: Kinexys is already powering institutional blockchain settlement. 🏢 Private Markets • Hamilton Lane, KKR, Apollo & Brevan Howard: Launched permanent tokenized private market funds through Securitize, reducing minimum investments from ~$250K to around ~$10K. ⚙️ Platforms & Infrastructure • Securitize: Surpassed ~$4-5B in tokenized assets and listed on the NYSE (SECZ). • Ondo Finance: Oasis Pro received SEC/FINRA approval for tokenized US equities. • Circle: USYC has grown into a ~$3B tokenized Treasury product. 🛤 The Rails • DTCC: Executed its first live production trades for tokenized stocks, ETFs and Treasuries with 40+ firms including BlackRock, JPMorgan, Goldman Sachs, Circle and Ondo. • Swift: Testing a blockchain ledger for 24/7 tokenized deposits with 17 global banks. 🏦 Banks • Goldman Sachs, BNY Mellon, HSBC, Citi, UBS, Wells Fargo, State Street, Fidelity & Standard Chartered are all participating across DTCC pilots, Swift experiments or tokenized collateral initiatives. 🌍 Sovereigns • UK HM Treasury: Formed a 54-member industry taskforce beginning with tokenized repo markets. • Mubadala: Tokenized a private markets fund, raising ~$75M with backing from Coinbase. No longer a niche crypto experiment. Asset managers are creating products, private market giants are opening access, infrastructure providers are building the rails, banks are integrating the technology, and governments are shaping regulation. The tokenization race is well underway.
As Real World Assets continue to lead this cycle's narrative, it's worth looking at which blockchain networks are capturing that growth. RWA Leaders by Asset Value ▫️ @Ethereum — $17.1B ▫️ @BNBCHAIN — $5.3B ▫️ @solana — $3.6B ▫️ @StellarOrg — $3.1B ▫️ @avax — $1.9B ▫️ @Liquid_BTC — $1.3B ▫️ @zksync — $957.3M ▫️ @arbitrum — $838.7M Past 7-Day RWA Net Flows 🟢 @solana — +$115M 🟢 @BNBCHAIN — +$55M 🟢 @ethereum — +$54M 🟢 @monad — +$31M 🟢 @StellarOrg — +$14M 🟢 @Ripple XRP Ledger — +$10M 🟢 @RobinhoodCrypto — +$10M 🔴 @zksync — -$11M 🔴 @Mantle_Official — -$18M 🔴 @arbitrum — -$39M Ethereum still dominates with nearly half of all tokenized assets, but fresh capital are diversifiying. Solana leads weekly inflows, BNB Chain continues to gain momentum, and newer ecosystems like Monad are already attracting meaningful RWA capital. The race is no longer just about who has the largest market - it's about who attracts the next wave of tokenized assets.
Source: Bloomberg 🚨 Fed Fund Futures implying a 70% chance of a hike for Sept 9/16 meeting 🚨
From the CEO of @base @coinbase, the futures of crypto is infrastructure & AI. Crypto will become AI rails or regular infrastructure. In the future, people will simply ask for custom tools, workflows, payments, automations, identity checks, escrow, settlement, authentication, data access, ownership transfers, and agent-to-agent transactions. Under the hood, crypto rails will be chosen because they are dramatically more efficient than the legacy financial system. Anything that needs to transact, verify, authenticate, settle, permission, coordinate, or transfer value can run on open crypto infrastructure. The user will not think, “I am using crypto.” They will think, “This just works.” And that is the real new bull market. Crypto stops being a product people have to understand and becomes invisible infrastructure that lets users and AI agents build, coordinate, and transact at a fraction of today’s cost.
🚀 The Rise of Meme x Stock Trading on Robinhood Chain Meme x Stock is quickly becoming one of the hottest new narratives on @RobinhoodCrypto chain Instead of trading traditional tokenized stocks alone, users are now pairing them with meme coins, creating a new market that blends speculation, culture, and real-world assets Here's what the data shows 👇 • Meme x Stock pairs accounted for over 70% of RWA on-chain trading volume for most of the past week, significantly outperforming stock-only, ETF, and commodity pairs • Launchpads are competing aggressively, with @longdotxyz and @bankrbot capturing over 96% of total Meme x Stock trading volume, showing where liquidity is concentrating • Traders are rapidly rotating into new opportunities, with pairs like TREX @TrexCTO /GOOGL (+2,392%), JACKET/NVDA (+1,863%), GME @GameStopOnChain /GME (+1252%), MARSCOIN/SPCX (+1,455%), and AI @ArtificiallyInu /NVDA (+1,400%) posting explosive weekly gains Why this matters: Robinhood is bringing millions of retail investors on-chain through tokenized stocks. Meme coins add the social layer that keeps crypto markets engaged. Combining the two creates a product that is more viral, more tradable, and potentially more liquid than either narrative alone If tokenized equities continue gaining adoption, Meme x Stock could become the next breakout sector, turning every major stock into a tradable on-chain meme ecosystem Early narratives often attract the fastest liquidity, and Robinhood Chain may be laying the foundation for one of the market's next big waves
Robinhood Layer 2 Performance Compared to Other CEX L2s Robinhood's new Layer 2 is entering a competitive landscape dominated by Base, Ink, Mantle, and X Layer, but it already shows promising early traction Current snapshot: • DeFi TVL: $130.5M • Stablecoin Supply: $300.5M • Weekly Active Addresses: 349.3K • Weekly DEX Volume: $3.1B • Bridge Deposits: $133.1M • Ecosystem Projects: 100 While Base remains the clear leader across most metrics, Robinhood has already surpassed several other CEX-backed L2s in trading activity and on-chain usage despite being much newer What makes Robinhood different? • Purpose-built for RWAs and tokenized finance • Access to @RobinhoodApp massive retail user base • Fast block times • Gas fee subsidies during the first 90 days • Strong AI-native positioning If Robinhood successfully converts even a fraction of its millions of brokerage users into on-chain participants, it could become one of the strongest distribution channels for tokenized assets and on-chain finance The next challenge isn't attracting liquidity. It's expanding the ecosystem and sustaining developer growth
Here's what's on the radar this week 👇 Thread 🧵 1/2 🔹 Crypto ▫️ Jul 6 – @Starknet launches STRK20s on Mainnet, enabling native private ERC-20 transfers, swaps, and DeFi, alongside 1.5s block times via v0.14.3. ▫️ Jul 7 – @AxieInfinity rolls out Atia's Legacy Playtest 3, bringing real-time PvP, mobile support, and another step toward full launch. ▫️ Jul 12 – @Dashpay activates ZK Private Transactions on Mainnet, expanding privacy features with zero-knowledge proofs. Privacy, scalability, and Web3 gaming continue to dominate this week's narratives.
Institutions are reducing dollar exposure. Bloomberg Intelligence has the USD share of global reserves at 41%, down from 61% in 2000. We've seen this before: ▪️ 1971 - Nixon ends gold convertibility. Gold runs $35 to $850 by 1980, +126% in 1979 alone ▪️ 2000-2011 - Dollar reserve share slides from 71%. Gold does a 7x, $270 to $1,900 However, this cycle: ▪️ Gold went parabolic to $5,597 in late January. Now ~$4,100 after its worst quarter since 2013 ▪️ BTC is down 52% from its $126K October top, basing near $60K, a level it first hit in 2021 Last time gold printed a blow-off top was August 2020 at $2,075. It went sideways for three years while BTC ran from $12K to $69K. Gold caught the de-dollarization bid first. Last time it topped out like this, BTC was where the money went next.