Tokenization of real-world assets (RWA) is becoming one of the main trends in cryptocurrency in 2024. This allows assets from the physical world to be converted into digital tokens that can be used in DeFi and easily traded using the blockchain. 🌐💼

The total amount of RWA on the blockchain has reached over $10.5 billion, making it a direct competitor to traditional financial institutions. However, despite the potential benefits, the industry has faced some challenges, such as regulatory uncertainties and safety concerns. 🏦🔒

Despite these challenges, the tokenization sector is on a stable growth path. Tokenization of financial instruments and precious metals has proven to be a well-established industry, increasing overall value by 33% since the start of 2024. 📈💰

Leading RWA 2024 projects include Ondo, Polymesh, MakerDAO, Paxos Gold, RealToken and TokenFi. They all strive to democratize access to finance, simplify traditional finance processes, and ensure the security of tokenized assets. 🚀🌐