Tokenized Assets Hit a New Record in May. That's Fantastic News for These 3 Cryptocurrencies.
This is a sign that big capital finds certain blockchains to be valuable for money management purposes.
Tokenized Assets Hit a New Record in May. That's Fantastic News for These 3 Cryptocurrencies.
Overview
With the total value of tokenized real-world assets (RWAs) reaching $28.9 billion in May, a 10th straight monthly record and surpassing $32 billion in mid-June, it's on the road to becoming one of the crypto sector's most important growth areas. Boston Consulting Group (BCG) expects the market for tokenized assets to reach $16 trillion by 2030, making it a gargantuan scaling issue that a few blockchains will likely get paid to solve.
In particular, three coins stand to gain the most: Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), and XRP (CRYPTO: XRP). Let's take a look at each and understand their competitive edge in this emerging area.
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Originally published at www.fool.com.
