According to ME News, as of December 31st (UTC+8), CoinFound data shows: Commodities Market Cap: $3.99 billion Government Bond Market Cap: $1.32 billion Institutional Fund Market Cap: $2.98 billion Private Lending Market Cap: $35.36 billion US Treasury Market Cap: $9.02 billion Corporate Bond Market Cap: $260 million X-Stock Market Cap: $620 million Market Dynamics: DL Securities obtains virtual asset trading license from Hong Kong SFC COTI announces the launch of the world's first private RWA in 2026. COTI integrates RWA infrastructure, targets a $30T market, and provides privacy protection. Data shows that the Real-World Assets (RWA) sector has become one of the fastest-growing sectors in DeFi in 2025. The RWA sector, calculated by TVL, has jumped to the fifth largest category in DeFi, surpassing the DEX sector. RWA fixed-income market Haven completes seed round financing at a $30 million valuation, Candaq... Investors expected to participate. BlackRock's first tokenized money market fund, BUIDL, has paid out over $100 million in dividends. Matrixdock 2025: A Practical Path for Gold Tokenization Towards Sovereign-Level RWA Summary: On December 30-31, 2025, the RWA market showed structural growth and institutional-driven rotation. Despite a slight weakening of the overall crypto market at the end of the year, the RWA sector bucked the trend, with TVL expanding significantly throughout the year. Institutional adoption was the core driver, with giants like Blackstone and JPMorgan Chase injecting tens of billions of dollars. Combined with regulatory clarity (such as the OCC's approval of the Crypto Charter), this is accelerating the on-chain migration of assets. Looking ahead to 2026, RWA may shift from a peripheral narrative to core infrastructure, attracting more traditional capital. (Source: ME)