[a16z Crypto: Tokenized RWA Market Exceeds $30 Billion, Growing 10x in Two Years] According to a report by Jinse Finance, on May 9, a16z Crypto posted on the X platform stating that the market size of tokenized real-world assets (RWA) has grown 10x in two years, now exceeding $30 billion, with nearly half of it consisting of U.S. Treasury bonds. This growth reflects the rising demand from institutions to bring traditional financial instruments such as government bonds, commodities, stocks, and private credit on-chain. While U.S. Treasury bonds currently dominate, this asset class is expanding, with more categories gaining significant shares in recent quarters.