RWA Chain Market Cap Rises to $31.5 Billion as Holder Count Jumps 12% and Stablecoin Transfers Fall 40%

The market capitalization of RWA chains edged up to $31.5 billion, while the number of holders surged 12%, but stablecoin transfer volume dropped 40%, reflecting a market pattern described as “user accumulation with depleted activity.” According to PANews, the Hong Kong Monetary Authority has set up an expert group on tokenized bonds, and four major banks including JPMorgan have jointly built a tokenized deposit network. The report also said Goldman Sachs has launched a tokenized real estate fund. PANews added that the global tokenization trend is accelerating alongside regulatory moves and increased institutional participation.