Bernstein: RWA market surpasses $51B

According to Cointelegraph, Bernstein noted in a report that the tokenized real-world asset (RWA) market has grown 42% this year to reach $51 billion. The firm highlighted that tokenized private credit is the largest segment, accounting for about 44% of the market, followed by U.S. Treasury-based RWAs at approximately 30% and commodities at around 14%. Figure Technology Solutions has emerged as a key platform, tokenizing about $18 billion in assets, while BlackRock's tokenized money market fund, BUIDL, has surpassed $2.5 billion in assets under management. Bernstein concluded that blockchain is becoming a core infrastructure for global capital markets, with the growth of on-chain derivatives markets like Hyperliquid accelerating RWA adoption.