Jack Tan, co-founder of WOO X, highlighted significant trends influencing the cryptocurrency market in a recent statement.
Tan addressed the rapid growth of real-world assets (RWAs) and the recent sell-offs occurring within the Binance Smart Chain ecosystem. He noted the swift adoption of RWAs, with forecasts suggesting that this sector could reach a value of $16.1 trillion by 2030.
“This illustrates the long-term promise of asset tokenization,” Tan remarked. “As the RWA landscape develops, important projects like ONDO, LINK, MKR, and PLUME—focused on tokenization, liquidity, and decentralized finance infrastructure—are strategically positioned to take advantage of this expansion.”
Institutional interest is on the rise, as demonstrated by BlackRock’s BUIDL fund, which has surged from an initial $100 million in USDC back in March 2024 to over $1 billion, capturing 30% of the tokenized U.S. Treasuries market.
In addition to Treasuries, RWAs are penetrating new financial products.
Ondo Finance has recently teamed up with Mastercard to embed its OUSG bond fund into Mastercard’s Multi-Token Network, allowing for seamless crypto payments with traditional financial systems.
Simultaneously, Coinbase is reportedly joining forces with the Swiss tokenization company Backed to introduce tokenized stocks, such as “wbCOIN,” on its layer-2 network, Base, according to Tan. These initiatives signal a growing institutional trust in blockchain-based financial instruments.
Sell-offs in the BSC ecosystem
The Binance Smart Chain ecosystem has experienced a rise in liquidity for projects like MUBARAK, PALU, ATM, and Broccoli.
However, investor confidence took a hit after crypto influencer Wolfy_XBT was accused of inciting panic through aggressive sell-offs of BNB Card-related tokens, Tan noted. The incident has sparked broader conversations about the potential risks present in tokenized ecosystems.
As RWAs continue to gain momentum and the crypto markets respond to macroeconomic changes, Tan emphasized that projects like ONDO, LINK, Maker, and PLUME are poised to thrive in this evolving environment.