CoinFound Data: RWA market capitalization is $95.22B

ME News Report, April 9th (UTC+8), according to CoinFound data:

• Private credit market cap: $39.65B
• Corporate bonds market cap: $27.34B
• U.S. Treasury bonds market cap: $13.43B
• Commodities market cap: $7.28B
• Institutional funds market cap: $3.79 billion
• Tokenized stocks market cap: $1.87B
• Government bonds market cap: $1.86B

Market dynamics:

• FDIC approves major regulatory framework for stablecoins and tokenized deposits, clarifying full 1:1 backing requirement for reserve assets
• U.S. Treasury yields plummeted 10 basis points in a single day, boosted by the U.S.-Iran ceasefire agreement increasing market risk appetite
• Wall Street banks target the $323 billion stablecoin market, with the GENIUS Act signaling the start
• Switzerland’s six major banks, in partnership with UBS, launch a Swiss franc stablecoin sandbox to test blockchain payment applications

Summary:

• RWA (non-stablecoin) total market cap today is $95.22B, up $1.34B in 24 hours, driven by the FDIC tokenized deposit framework’s official implementation, the U.S.-Iran ceasefire agreement causing a single-day 10bp drop in U.S. Treasury yields, and the rising attractiveness of tokenized U.S. Treasury products. Private credit continues strong growth, with FDIC clarifying that reserves must be fully supported 1:1 and disclosed monthly. BlackRock’s BUIDL continues to attract institutional funds, and regulatory clarity is accelerating traditional capital entry. Overall, the RWA sector shows signs of increasing institutionalization, indicating RWA is becoming a mainstream allocation strategy, unaffected by short-term geopolitical risks. (Source: CoinFound)