Tokenized real-world assets (RWA) hit an all-time high market capitalization of $17.1 billion on Feb. 1. Tokenizing refers to the process of creating a digital representation of a financial asset, such as private credit, commodities, Treasuries, or equities, on a blockchain. There are even examples of real estate being tokenized for sale. Tokenization’s benefits include greater investor accessibility, reduced costs and improved transparency. Excluding stablecoins, the vast majority of tokenized credit comes from private credit, which accounted for $11.9 billion, or 70% of the $17 billion total, according to RWA.xyz. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io