Kaiko Analytics reports that traditional finance (TradFi) is leading the way in tokenizing real-world assets (RWA). Major players such as Fidelity, JPMorgan, and BlackRock are at the forefront of this new trend, using cryptocurrency to tokenize RWAs.

Fidelity International recently announced its involvement in JPMorgan’s tokenized network, joining other institutional investors in this growing movement. Meanwhile, BlackRock’s BUIDL, a tokenized liquidity fund, has seen impressive growth, accumulating over $460 million since its launch in March.

In comparison, Maple Finance’s Cash Management Fund, focused on short-term cash instruments, has only gathered around $16 million in assets despite being active in the space for years. This pales in comparison to BlackRock’s BUIDL.

Kaiko Analytics also notes that Bitcoin’s reduced volatility indicates the asset’s maturation. Despite recent fluctuations driven by macro news, Bitcoin has shown declining volatility, with its 60-day historical volatility consistently below 50% since the start of 2023. This is a significant contrast to the high volatility seen in 2022 when it exceeded 100%.

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