On-chain tokenized asset TVL tops $29B, doubling year-to-date

The total value locked (TVL) in on-chain tokenized assets has doubled since the beginning of the year, surpassing $29 billion for the first time this week, Cointelegraph reported. Additionally, the market capitalization of cryptocurrencies that support real-world asset (RWA) tokenization has reached a new all-time high. According to data from CoinMarketCap, the market cap of tokenization projects such as LINK, ONDO, and AVAX increased from $67 billion to $76 billion over the past seven days.