Berkeley Square, Franklin Templeton, and BlackRock are among the issuers that are supplying the tokenized economy of Aptos.
In recent months, the Aptos blockchain has experienced substantial growth in tokenizing real-world assets (RWAs), resulting in a total value of on-chain assets that has surpassed $540 million. Numerous deployments from conventional asset managers have fueled this growth.
According to data from RWA.xyz, the value of RWA deployments on the Aptos network has increased by 57.1% in the past 30 days, reaching $542.3 million.
After the Ethereum and ZKsync Era, Aptos is now among the top three blockchains for RWA deployment due to this surge.
Berkeley Square of the PACT Consortium, BlackRock’s BUIDL, which expanded to Aptos last November, and Franklin Templeton’s BENJI token are the largest RWA issuers on Aptos.
Ethereum’s growth has slowed in recent months, even though it remains the dominant blockchain for RWA deployments, with a total value of nearly $7.6 billion. The value of RWA assets on Ethereum has increased by a mere 5.4% in the past 30 days.
Nevertheless, as demonstrated by the most recent report from Redstone on the patterns in RWA tokenization, Ethereum comprises 59% of the total market as of June.
Aptos has been selected for the Wyoming stablecoin initiative.
Aptos has garnered the interest of the US state of Wyoming, which has chosen the blockchain for its stablecoin pilot program and attracted significant institutional issuers.
Aptos received the highest technical score from the Wyoming Stable Token Commission among over 10 blockchains assessed for its upcoming WYST project, as reported by Cointelegraph.
On its deployment, Wyoming’s official stablecoin will be WYST, a dollar-backed initiative established in 2023. The stablecoin’s supporters assert that it puts Wyoming at the vanguard of blockchain innovation and generates potential revenue streams by earning interest on the US Treasury bonds that underpin the token.
“Aptos Labs‘ head of capital markets, Solomon Tesfaye, stated to Cointelegraph that the Stable Token Commission in Wyoming has identified Aptos as the highest-scoring blockchain candidate in terms of throughput, fees, finality, vendor support, and security, even though Wyoming has not yet begun to develop on Aptos.”
The Sei blockchain was also short-listed for the WYST project, in addition to Aptos, and received a final pilot score of 30 points.
