RWA Crypto Gains Traction: U.S., Indonesia, Türkiye Show Strong Interest

A report from CoinGecko Research brought forth facts highlighting the rising interest in the U.S. for Real World Assets (RWA) crypto. RWA assets are tokenized versions of assets traditionally outside the blockchain world (like real estate) offering transparency with better liquidity.

According to the CoinGecko report, institutions and investors in the U.S. have shown the most interest in RWA crypto, accounting for 14% of the total global interest. Indonesia then Türkiye slotted second and third, representing 10.1% and 8.0% of global interest respectively, with retail interest in both these nations aligned to the entire RWA crypto as a whole rather than for a specific tokenized asset.

In contrast, in the US, the most popular crypto RWA protocol is Ondo Finance (ONDO). ONDO makes up half of the country’s interest in the sector. It’s also worth noting that the US “led interest towards most RWA protocols, for instance representing almost a third of global attention in Goldfinch (GFI) and Maple (MPL) so far this year,” said CoinGecko.

Notably, India secured the fourth spot, being the only Southeast Asian nation to be ranked in the top 20, with 6.3% of global RWA crypto interest. The United Kingdom came in at number 5, with 5.56% of the global RWA crypto interest.

Why is the U.S. Drawn to RWA Crypto?

The RWA crypto space holds a total market capitalization of $7.18 billion with the top three RWA protocols being MANTRA (OM), Ondo Finance (ONDO), and Pendle (PENDLE).

Read also: The Next Big Thing? Why Investors Are Bullish on Memecoins, AI, & RWAs

The United States’ interest in such protocols reflects the fact that entities in the traditional finance world seeking features like instant settlement (via RWAs), 24/7 trading, lower costs, and the transformation of illiquid assets into liquid instruments are becoming more open to the idea of tokenization using blockchain technology.

Larry Fink, the chief executive of BlackRock, the world’s largest asset management company based in New York, said that tokenization is the “next generation for markets” while also acknowledging Bitcoin as a “legitimate financial instrument.”