The total value locked (TVL) in the tokenized real-world assets (RWA) sector has reached an unprecedented $16.68 billion, according to DefiLlama data. This milestone highlights the growing interest and investment in tokenized assets. Leading the sector, BlackRock’s BUIDL project accounts for $3.29 billion of the TVL, followed by EthenaUSDtb with $1.83 billion, and Ondo Finance with $1.72 billion.