Tether has surpassed BlackRock in the market capitalization of tokenized real-world assets (RWAs), according to Coinomedia. This development signifies a major shift in the tokenized RWA market, with Tether, primarily known for its stablecoin USDT, now leading over traditional finance giants. The tokenization of RWAs, which includes assets like government bonds, real estate, and commodities, is increasingly seen as a bridge between traditional and decentralized finance. Tether's rapid growth in this sector is attributed to its agility and deeper integration with blockchain technology, underscoring the rising influence of crypto-native institutions in complex financial markets.