I came across that IMF report tonight. It says tokenized assets worldwide add up to just $65 billion, with fixed income alone accounting for $48 billion and tokenized stocks just $2.3 billion. When you hear numbers like that, you can’t help feeling embarrassed on behalf of everyone who’s been shouting “RWA revolution” for years.
But the second half of that report is the real takeaway: more than half of the trading volume in tokenized stocks happens after the U.S. stock market closes.
Now that’s interesting. The traditional markets are asleep, but things are still moving on-chain. That’s not some grand narrative—it’s a real need. Plenty of people have been hyping RWA as the next trillion-dollar sector, but looking at it now, the market’s tiny, fragmented, and platforms can’t even talk to each other. Let’s all calm down a bit.
As for Bitcoin, it’s hovering around 82,000 now, down 2% over the past seven days. Volume hasn’t picked up either, and it’s sitting near its seven-day low. When the news is this bearish, I never bet on a direction. I wait for things to play out. The graveyards of people who bet on the data are already overgrown with three-meter-high grass. The ones who’ve been holding real money for years are usually the calmest at times like this. Those who rush in to chase the news are mostly the ones who get shaken out. $BTC
But the second half of that report is the real takeaway: more than half of the trading volume in tokenized stocks happens after the U.S. stock market closes.
Now that’s interesting. The traditional markets are asleep, but things are still moving on-chain. That’s not some grand narrative—it’s a real need. Plenty of people have been hyping RWA as the next trillion-dollar sector, but looking at it now, the market’s tiny, fragmented, and platforms can’t even talk to each other. Let’s all calm down a bit.
As for Bitcoin, it’s hovering around 82,000 now, down 2% over the past seven days. Volume hasn’t picked up either, and it’s sitting near its seven-day low. When the news is this bearish, I never bet on a direction. I wait for things to play out. The graveyards of people who bet on the data are already overgrown with three-meter-high grass. The ones who’ve been holding real money for years are usually the calmest at times like this. Those who rush in to chase the news are mostly the ones who get shaken out. $BTC