RWA TVL hits a new all-time high of $10.67b, sparking debate about on-chain value

The active active people have reached a new summit of all time in terms of total locked value, amounting to $ 10.68 billion. However, some traders began to question the Rwas value on the blockchain.

According to data DE DEFI LLAMA, the total locked value accumulated from real asset protocols on chain reached $ 10.68 billion. Most TVL come Blackrock Tokenized Fund, the BlackRock USD Institutional Digital Liquidity Fund or Buidl, which contributes 15.44% of the total.

The push TVL One day came after exceeding the threshold of $ 10 billion for the first time. The massive increase in RWA value on the chain reflects an increasing interest in the real world tokenization of assets. The Rwas tokenized, including the American treasury bills and real estate, attracted investors with stable return options. In a volatile cryptography market, these assets promise a relatively regular performance, attracting more capital in the ecosystem.

Not only has this, there have been a large number of asset managers who have serious towards the attraction of tokenization and invested in the sector, notably Blackrock, Fidelity and Janus Henderson. More recently, Ondo (Ondo) Finance between the tokenization sector by launching a Layer 1 Blockchain focused on Rwas in February.

Although it has just been launched last month, the Rwa Protocol of Ondo Finance has already climbed in fourth place in terms of TVL.

More and more countries have also adopted the tokenization of real world assets thanks to sandbox projects and regulatory directives. The secretary of the financial services of Hong Kong and the Treasury expressed that the region will focus on tokenization with stable.

Meanwhile, the FSA of Dubai has spear A regulatory sandbox program for cryptographic companies interested in diving into RWA products and services.

The debate concerning the RWA value on the blockchain

The increase in real tokenization has also triggered certain debates in the cryptographic community as to whether the value of active worlds of the real world can be fully represented on the chain.

The lawyer at Smithamundsen and the Bitcoin lawyer, Joe Carlasare, argued that active real world should not be chain. Indeed, he thinks that blockchain only has a digital recording of the assets, essentially an IOU which only serves the value of an asset.

Therefore, it cannot fully represent the chain value.

“You cannot put iOS only for RWAs which must be applied by the courts,” said Carlasare in his recent job.

Co-founder and former CEO of CoinRoutes, Dave Weisberger, contested Carlasare’s point of view by declaring that although the value of the physical asset itself cannot be transferred to the chain, the title of said active could be.

“At least, the origin of this title could be much easier to verify than paper titles, but it could go much further,” said Weisberger, stressing that tokenization can eliminate many property problems.

However, Carlasare does not agree, saying that the question of titles can be resolved without blockchain. He always supports his point of view that the courts are always necessary to verify the value of the active in the real world, because essentially the TVL represented in chain is only a promise which must still have the application of the courts to be fully carried out.