One thing that still feels massively underpriced to me is how early tokenized real world assets actually are. People hear “RWA” and instantly think it’s just another crypto narrative. But the bigger picture is much more important than that. This is basically the financial system slowly migrating onto blockchain rails. Treasuries, credit markets, commodities, stocks, real estate… all becoming programmable, transferable and globally accessible 24/7. And the growth curve is already starting to accelerate. The tokenized RWA market has now reached $31.4B, with almost two-thirds of that growth happening within the last year alone. Most of the capital entering first is obviously flowing into US Treasuries. That makes sense. Large institutions always start with the safest and most familiar assets before moving further out on the risk curve. But after that, you already see expansion into: → private credit → commodities → equities → real estate And honestly, the craziest part is how small this still is relative to global finance. Even after this growth, tokenized assets still represent roughly ~0.01% of the global financial system. Basically nothing. That’s why I think many people are still misunderstanding the opportunity here. The goal is not “launch more crypto tokens.” The goal is rebuilding financial infrastructure itself in a more efficient format where markets never really close, transfers happen instantly, ownership becomes more accessible globally, and a lot of traditional friction slowly disappears over time. And the important thing is that major institutions already see where this is going. BlackRock. JPMorgan. Franklin Templeton. They are not experimenting for fun anymore. They are actively building on-chain financial infrastructure. Which is also why I think the RWA sector probably becomes one of the biggest structural themes of the next few years. If ETFs defined one phase of institutional crypto adoption, RWAs may define the next one.