The onchain value of tokenized real-world assets (RWAs) has reached a new high of $29 billion, fueled by institutional product launches and increased stablecoin liquidity. The total onchain value, including stablecoins, stands at approximately $307 billion, with over 75% hosted on Ethereum and layer-2 networks. Private credit and US treasuries dominate the asset composition. The RWA market cap has surged to nearly $76 billion, reflecting an 11% increase in the past week. This growth is driven by the tokenization of private credit and treasuries, alongside the participation of oracle providers and institutional RWA DeFi platforms. The trend highlights a rising institutional interest in tokenization, offering benefits like faster settlement and enhanced market access.