The market for tokenized real-world assets (RWAs), excluding stablecoins, has grown to over $17.2 billion on-chain, with private credit contributing approximately $12 billion. This sector has seen a doubling in value during 2024, with significant acceleration following BlackRock's BUIDL fund launch in March. The RWA sector has shown resilience amidst market volatility, growing by 3.7% to reach a market capitalization of $59.2 billion. Notable developments include R3's Corda surpassing $10 billion in tokenized assets, Arbitrum DAO allocating $15.5 million to RWAs, and MANTRA securing a Dubai VARA license for compliant RWA tokenization. The sector's growth is projected to continue, with predictions of a 50x increase by 2030, driven by increased institutional interest and the potential for faster settlements, lower fees, and 24/7 markets. Over 25% of BlackRock's BUIDL fund has expanded to chains other than Ethereum, and TetherGold has surpassed a market capitalization of $700 million amidst rising gold prices.