A16z crypto reports tokenized assets hit $34B as asset-backed credit reached $1B in 185 days, while venture capital took seven years to match the milestone.

The tokenized real-world assets market hit $33.7B in May 2024, up from under $1B in early 2023, as institutional giants like BlackRock join the space.

Data and charts on tokenization and real-world assets (RWAs), tracking market growth and where onchain finance and DeFi composability lags.