Aptos sees surge in tokenization as asset managers go onchain

INSUBCONTINENT EXCLUSIVE:
Real-world asset (RWA) tokenization on the Aptos blockchain has gained significant momentum in recent months, with the total value of
onchain assets surpassing $540 million, driven by multiple deployments from traditional asset managers.The value of RWA deployments on the
Aptos network has grown by 57.1% over the past 30 days, reaching $542.3 million, according to RWA.xyz data
This surge places Aptos among the top three blockchains for RWA deployment, behind Ethereum and ZKsync Era.The largest RWA issuers on Aptos
breakdown of the 13 RWA products tokenized on Aptos
Source: RWA.xyzWhile Ethereum remains the leading blockchain for RWA deployments, with nearly $7.6 billion in total value, its growth has
slowed in recent months
tokenization trends showed, Ethereum accounts for 59% of the total market as of June
Aptos has also drawn the attention of the US state of Wyoming, which has shortlisted the blockchain for its stablecoin pilot program.As
Cointelegraph reported, the Wyoming Stable Token Commission awarded Aptos the highest technical score among more than 10 blockchains
official stablecoin once deployed
head of capital markets, Solomon Tesfaye, told Cointelegraph.In addition to Aptos, the Sei blockchain was also short-listed for the WYST
project, with a final pilot score of 30 points.Related: Crypto firm for Deutsche, State Street launches private stablecoin contract