According to Kaiko Analytics, TradFi is the tokenization that ‘dominates’ real-world asset trends.

Blockchain data tracking firm Kaiko Analytics says traditional finance (TradFi) is starting to dominate real asset (RWA) tokenization.
TradFi giants like Fidelity, JPMorgan, and BlackRock are leading a new wave of RWA tokenization using cryptocurrencies, according to a new Kaiko Research post.

“Last week, Fidelity International announced its participation in JPMorgan’s tokenization network, becoming the latest institutional player to join the fast-growing tokenization trend. At the same time, BlackRock’s BUIDL, a tokenized liquidity fund, continued to grow and has now amassed more than $460 million.
Since its launch in March, BlackRock’s BUIDL has outperformed several cryptocurrency-based firms, including Maple Finance’s Cash Management Fund, which focuses on short-term cash products. Maple has been active in this space for years and recovered from the collapse of its cryptocurrency lending service in 2022, but its cash management fund pales in comparison to BUIDL, with only about $16 million in assets.”
Source: Kaiko Analytics
Looking at Bitcoin (BTC), the leading cryptocurrency, Kaiko suggests that BTC’s declining volatility is a sign of asset maturity.
“While last week’s macro news may have been a roller coaster ride for BTC, it is clear that digital gold has reached a new level of maturity in 2024. This can be observed as volatility decreasing while BTC’s 60-day historical volatility remains. This is less than 50% since the beginning of 2023. This is in stark contrast to the significant swings in 2022, when volatility exceeded 100%.”
Source: Kaiko Analytics
As of this writing, BTC is worth $64,527.
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox

Check Price Action

Follow us on X, Facebook and Telegram.

Daily Hodl Mix Surfing

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created by: Midjourney
The post TradFi ‘Dominates’ Tokenization in Real World Asset Trends, According to Kaiko Analytics appeared first on The Daily Hodl.