RWA in Numbers: Over 130 billion dollars of real assets have been tokenized, and the total value of BlackRock's BUIDL Fund has exceeded 5 billion

Author: OurNetwork

Compiled by DeepTechFlow

Real World Assets

BUIDL | PAXG | BCAP | Maple

RWA.xyz | Dashboard

More than $13.1 billion of real-world assets (RWA) - excluding stablecoins - are now on-chain tokenization.

Protocols typically incentivize projects to build within their ecosystems through economic incentives. The launch of BUIDL on Aptos, Polygon, Avalanche, Optimism, and Arbitrum introduces these incentives into the treasury for the first time: Aptos, Polygon, and Avalanche have each agreed to pay quarterly fees to BlackRock based on the value of BUIDL stakes in their networks. It is still too early to judge whether this will be successful, but as of November 14th, the total minting amount for all five networks has reached 56.6 million USD, accounting for 10.4% of the fund.

RWA.xyz

As investors seek ways to invest in gold, the demand for tokenizing gold continues to rise. Since the beginning of 2024, the scale of this asset class has risen by over 20%. Paxos Gold (PAXG) is the most widely held, with 52,522 wallets holding the asset. PAXG has also achieved net token minting for seven consecutive months, reflecting sustained interest in the product.

RWA.xyz

RWA.xyz's new institutional fund dashboard is tracking $330 million in alternative fund Assets Under Management, led by Blockchain Capital ($148 million) and Superstate's Crypto Carry Fund ($58 million). Since the launch of the Securitize Fund Services platform on October 31, we expect to see more asset managers exploring tokenization funds to address the slow onboarding of investors, latency in net asset value reporting, and other operational inefficiencies in traditional funds.

RWA.xyz

Transaction Focus: Now that the BUIDL Fund has achieved multi-chain operation, users can transfer capital to three networks (Aptos, Avalanche, Polygon) with lower management fees. An account has already transferred $25.6 million from the Ethereum network to Avalanche. During the transfer process, 250,000 BUIDL Tokens and 25,364,613.13 BUIDL Tokens were transferred and destroyed on the morning of November 15th, and an equal amount of Tokens were minted on Avalanche.

Maple & Syrup

fatmac | Website | Dashboard

Maple & Syrup continues to maintain strong rise after the total value locked (TVL) exceeds $600 million

Maple Finance and Syrup provide corporate credit returns to lenders by lending to institutional borrowers; these loans are always over-collateralized by Liquiditydigital assets (such as BTC, ETH, and SOL). Since the launch of the high-yield collateral pool in March and the launch of Syrup in June, the TVL on the platform has risen by over 700%, recently surpassing the $600 million threshold. Protocol revenue also shows a similar rising trend, with a rise of over 700% from the beginning of the year to October.

Dune - @maple-finance

Syrup.fi is the fastest rising product of the protocol to date. Syrup's income also comes from fixed interest rate loans provided to institutional borrowers, over-collateralization loans. The launch of USDT and integration with leading Decentralized Finance applications such as Pendle have led to TVL skyrocketing to over 300 million US dollars in just a few months.

Dune - @maple-finance

Parsec

To unify Maple and Syrup under common governance and share the rise of the ecosystem with the community, Maple DAO has introduced the SYRUP Token. 1 MPL Token can be converted into 100 SYRUP. In just one day, over 800 Wallets have converted over 1.5 million MPL into nearly 150 million SYRUP.

BUIDL

MarcoV | Website | Dashboard

BUIDL Fund realizes multi-chain, with a total value exceeding 5.43 billion US dollars

This week, the BUIDL fund launched by Securitize and BlackRock has expanded beyond the Ethereum platform, landing on the Aptos, Optimism, Avalanche, Polygon, and Arbitrum blockchains. The supply of BUIDL on Ethereum has decreased from $557 million to $513 million, but with the addition of these chains, as of November 14th, the total supply has increased by $30 million, reaching $543 million.

Dune - @Marcov

The independent holder number of the BUIDL Fund has been slowly increasing over time, and there are currently 28 holders. The expansion to other chains recently did not increase the number of holders, as there are overlapping Wallets.

Dune - @Marcov

As shown above, as of November 14th, 89.6% of the BUIDL supply is on the Ethereum network, followed by 5.0% on Avalanche, 4.8% on Optimism, 0.3% on Polygon, and 0.3% on Aptos and Arbitrum.