CoinFound Data: RWA market capitalization is $96.29 billion

ME News Report, April 20 (UTC+8), according to CoinFound data:

• Private credit market cap: $39.65B
• Corporate bonds market cap: $27.19B
• U.S. Treasury bonds market cap: $13.99B
• Commodities market cap: $7.37B
• Institutional funds market cap: $4.1B
• Tokenized stocks market cap: $2.03B
• Government bonds market cap: $1.96B

Market Dynamics:

• China's "Financial Law" draft consultation period has ended, with minimal involvement regarding the legal status of digital currencies and the boundaries of crypto asset regulation
• Although Bitcoin has been designated by Iran as a toll payment for the Hormuz oil tanker, actual settlements still primarily use stablecoins
• ChainCatcher "From Cryptocurrency to Smart Economy" Roundtable: Crypto is shifting from speculation to practical value, with compliant RWA and AI payments becoming the core engines of the new cycle

Summary:

• The RWA market shows a consolidating trend without significant volatility or sudden crashes/rises, but overall resilience remains strong. Institutionalization and on-chain progress continue, with the market driven mainly by "event catalysts + data verification." Overall, RWA remains one of the few sectors in the 2026 crypto market that combines "real returns + regulatory certainty." Short-term fluctuations do not alter the medium- to long-term upward trend. (Source: CoinFound)