According to ME News, on April 9th (UTC+8), data from CoinFoundry showed:
- Market capitalization of private lending: US$39.648 billion
- Market capitalization of corporate bonds: US$27.343 billion
- Market value of US Treasury bonds: $13.425 billion
- Market capitalization of commodities: US$7.281 billion
- Market capitalization of institutional funds: US$3.79 billion
- Market capitalization of tokenized stocks: $1.871 billion
- Market value of government bonds: US$1.864 billion
Market Dynamics:
- The FDIC has approved a major regulatory framework for stablecoins and tokenized deposits, specifying a 1:1 full backing requirement for reserve assets.
- US Treasury yields plunged 10 basis points in a single day as the US-Iran ceasefire agreement boosted market risk appetite.
- Wall Street banks are targeting the $323 billion stablecoin market, with the GENIUS bill firing the starting gun.
- Six major Swiss banks, in conjunction with UBS, launched a sandbox for the Swiss franc stablecoin to test blockchain payment applications.
Summarize:
- RWA (non-stablecoin) has a total market capitalization of $95.223 billion today, up $1.339 billion in the last 24 hours. This is influenced by the formal implementation of the FDIC's tokenized deposit framework and the two-week ceasefire agreement between the US and Iran, which led to a 10bp drop in US Treasury yields in a single day. The attractiveness of tokenized US Treasury products has rebounded, private lending continues its strong growth, the FDIC has clarified that reserves must be fully supported at a 1:1 ratio and disclosed monthly, and BlackRock's BUIDL continues to attract institutional funds. Regulatory clarity is accelerating the entry of traditional capital. Overall, the RWA sector is showing signs of accelerated institutionalization, indicating that RWA is becoming a mainstream investment direction, unaffected by short-term geopolitical risks. (Source: ME)
