Crypto World News reports that Wu said that a16z crypto stated that the scale of on-chain real-world assets (RWA) has increased approximately tenfold over the past two years, now exceeding $30 billion, with nearly half being U.S. Treasury assets. a16z crypto believes this reflects that institutions are accelerating the tokenization and migration of traditional financial assets such as government bonds, commodities, stocks, and private credit onto the blockchain. Besides U.S. Treasuries, the proportion of other asset classes has also been steadily increasing over the past few quarters.