TAC was established in the fall of 2023 by companies such as Aave, Centrifuge, Circle, Coinbase, Base, and RWA.xyz, and has now gathered over 40 leaders in the tokenization field.

Author: Tokenized Asset Coalition

Translation: Deep Tide TechFlow

Today, the Tokenized Asset Coalition (TAC) released its second "State of Tokenization Report," which is a comprehensive industry analysis containing data and insights from various TAC members.

In addition, TAC announced the welcome of 21 new members, the second batch of members selected from over 175 applicants.

The Tokenized Asset Coalition advocates for the adoption of public blockchains, asset tokenization, and institutional decentralized finance (DeFi) to significantly change the way capital is formed, invested, and managed on-chain.

TAC was established in the fall of 2023 by companies such as Aave, Centrifuge, Circle, Coinbase, Base, and RWA.xyz, and has now gathered over 40 leaders in the tokenization field.

The 2024 report studied the role of regulation in promotion, the rise of institutional investors bringing assets on-chain, and the latest innovations in the industry. Highlights include:

• Major institutions such as McKinsey, Citibank, and Standard Chartered predict that the tokenized asset market is expected to reach $20 trillion to $30 trillion in the next decade.

• The current total value of tokenized assets (Real-World Assets, RWAs) is $176 billion, or close to $150 billion when stablecoins are not included, involving over 150 tokenized asset issuers and over 20 public blockchains.

• A survey by Coinbase of Fortune 500 executives shows that 56% of companies are working on on-chain projects.

• While most attention is focused on tokenized government bonds, private credit accounts for the majority share of the Total Value Locked (TVL) of tokenized assets—currently active loans are close to $9 billion.

• Tokenized metals are also growing steadily, with a market value exceeding $960 million, close to $1 billion.

• The report showcases the latest innovative products from members including Coinbase, Centrifuge, Provenance Blockchain, Solana, Securitize, Chainlink Labs, and Ondo.

Please visit the following webpage to download the full report: RWA.xyz Blog - Tokenized Asset Coalition's 2024 Industry Update.

These new organizations cover multiple industries, including venture capital, financial services, decentralized finance (DeFi), asset management, and financial technology. New members include a16z, Aptos Labs, Offchain Labs, Axelar Foundation, Chronicle, Etherfuse, Flow Traders, Galaxy Digital, Hashnote, Injective, Kinto, Matrixdock, Mercado Bitcoin, Metawealth, Nayms, Noble, Oasis Pro, Plume, Pyth, and WisdomTree. The full list of members can be found at tokenizedassetcoalition.com.

All members will join TAC working groups, participate in activities, create unique content, and contribute to the continued adoption of tokenized assets. As membership continues to grow, TAC will become more robust with the addition of more experience and expertise.

The coalition invites all relevant organizations to apply for membership and contribute to the transformation of the financial landscape. Through collective efforts, a new era in the global financial sector can emerge in terms of efficiency, transparency, and accessibility.

About Tokenized Asset Coalition

The Tokenized Asset Coalition aims to unite traditional finance and crypto-finance systems, believing that many assets will eventually move to the chain. By addressing the inefficiency, lack of transparency, and fragmentation in the current financial infrastructure, the Tokenized Asset Coalition aims to lead the next wave of digital transformation. Founding alliance members include Centrifuge, Circle, Coinbase, Base, Credix, Provenance Blockchain Foundation, Goldfinch, and RWA.xyz, committed to educating and advocating shared principles and best practices, and building the future on-chain infrastructure.

Contact Information

Keith Chapman keith@chappublicrelations.com

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