Aptos Tokenized Assets Surge 57.1% in 30 Days, Reaches $540 Million

Aptos, a layer-1 blockchain, has recently witnessed a significant surge in tokenized assets, positioning itself as a major player in the real-world asset (RWA) market. The platform has surpassed $540 million in total on-chain RWA value, marking a 57.1% increase over the past 30 days. This growth has propelled Aptos into the top three chains in the RWA rankings, trailing only Ethereum and ZKsync Era.

The surge in tokenized assets on Aptos is driven by a variety of factors, including the increasing adoption of blockchain technology by asset managers. Major issuers such as Berkeley Square of the PACT Consortium, BlackRock’s BUIDL, and Franklin Templeton have contributed to this growth, with their funds now available on the Aptos blockchain. The largest RWA issuers on Aptos are Berkeley Square of the PACT Consortium, BlackRock’s BUIDL, and Franklin Templeton.

While Ethereum remains the leading blockchain for RWA deployments, with nearly $7.6 billion in total value, its growth has slowed in recent months. Over the past 30 days, the value of RWA assets on Ethereum has increased by just 5.4%. However, Ethereum accounts for 59% of the total market as of June.

The momentum for Aptos is further bolstered by strategic partnerships and developments. The launch of Shelby, a decentralized, cloud-grade hot storage platform developed by Aptos Labs and Jump Crypto, is expected to transform data access, monetization, and utilization. Additionally, Bitwise has submitted an updated S-1 filing with the U.S. Securities and Exchange Commission for its spot Aptos exchange-traded fund, indicating a growing interest from traditional financial institutions in the blockchain space.

The rise in tokenized assets on Aptos is not limited to institutional funds. The platform has also seen a significant increase in private credit on-chain, which has jumped 88% to over $418 million. This growth is indicative of the broader trend towards tokenization, as more asset classes are being brought onto the blockchain.

The surge in tokenized assets on Aptos is a testament to the growing acceptance of blockchain technology in the financial industry. As more asset managers and institutions move their assets on-chain, the demand for secure and efficient blockchain platforms like Aptos is likely to continue to grow. The platform's ability to handle a diverse range of assets, from private credit to institutional funds, positions it as a key player in the evolving landscape of on-chain finance.

In addition to attracting large institutional issuers, Aptos has also drawn the attention of the US state of Wyoming, which has shortlisted the blockchain for its stablecoin pilot program. The Wyoming Stable Token Commission awarded Aptos the highest technical score among more than 10 blockchains evaluated for its forthcoming WYST project. WYST, a dollar-backed stablecoin initiative conceived in 2023, will become Wyoming’s official stablecoin once deployed. The stablecoin’s backers say it positions Wyoming at the forefront of blockchain innovation while creating potential revenue streams by earning interest on the US Treasury bonds backing the token.