[RWA Sector Market Cap Hits Record High of $76 Billion, On-Chain Asset Scale Surpasses $29 Billion] Odaily Planet Daily reports, according to CoinMarketCap data, the RWA sector tokens have risen by 11% over the past week, with the market cap increasing from $67 billion to a record high of $76 billion. RWA-related projects include oracle provider Chainlink, L1 blockchain Avalanche, and institutional-grade RWA DeFi platform Ondo Finance, among others, with Ondo rising 9% in a single day. Data from RWA.xyz shows that the total scale of tokenized on-chain assets surpassed $29 billion for the first time this week, nearly doubling since the beginning of the year. Over half of these assets are tokenized private credit, about a quarter are tokenized U.S. Treasury bonds, and the rest include commodities, alternative funds, stocks, and bonds. Including stablecoins, the total scale of on-chain assets has reached $307 billion, with over three-quarters deployed on Ethereum and its L2 networks. Industry insiders note that the U.S. government is promoting tokenization to accelerate market modernization, and Wall Street and fintech companies are also incentivized to speed up their deployments. Additionally, the world's largest asset management firm, BlackRock, is exploring tokenizing ETFs, having previously launched a $2.2 billion tokenized money market fund, BUIDL, on Ethereum. (Cointelegraph)