Market value of on-chain RWAs surpasses $12B: Binance Research

The total market value of on-chain real-world assets (RWAs) has surpassed a record high of $12 billion, according to a Binance Research report cited by CoinDesk. This increase is attributed to U.S. interest rates being at their highest in 23 years. However, with the Federal Reserve expected to lower rates in the upcoming months, yield-bearing assets like tokenized Treasuries may become less attractive. Currently, with the federal funds rate at 5.25%-5.5% and tokenized Treasuries yielding between 4.5%-5.5%, several rate cuts would be required before these yields lose their competitive edge, the report explained.