Crypto World News reports that DWF Ventures has released a report stating that the current on-chain tokenized asset size has exceeded $31 billion, up about 50% since the start of the year. However, only about 10% (about $3 billion) has entered DeFi as active TVL. The report believes that most tokenized assets are still minted and then stored long-term in wallets, with their value remaining mainly at the issuance and platform levels, rather than flowing sufficiently to downstream protocols. DWF Ventures also noted that 94% of tokenized assets are still denominated in USD; in the future, non-USD bonds, regional private credit, and crypto infrastructure that improves pricing, risk management, and liquidation efficiency may gain more growth opportunities.