- The US Congress will discuss Real World Assets (RWAs) in a hearing next week as part of a push toward delivering a more efficient digital assets market.
- The House Financial Services Digital Assets Subcommittee will focus on tokenizing Real World Assets.
- RWAs help minimize overall portfolio risk while increasing stability.
Discover how the US Congress is set to revolutionize the digital assets market by discussing the tokenization of Real World Assets (RWAs) in an upcoming hearing.
Congress To Probe Real World Assets
The House Financial Services Digital Assets Subcommittee, part of the United States Congress, will discuss the tokenization of RWAs in a hearing next Wednesday, June 5, according to an official announcement by Committee chair, Patrick McHenry.
RWAs Gain Attention As Social Volume Skyrockets
The RWA narrative in 2024 was invigorated by BlackRock’s March declaration of plans to launch its BlackRock USD Institutional Digital Liquidity Fund (BUIDL) on Ethereum. This sparked conversations around RWA tokens, with speculation that they could mimic the meme coin madness that sent the Book of Meme (BOME) past the $1 billion market capitalization threshold.
Analytics platform Santiment reported a surge in social volume for RWAs, citing growing crowd interest, particularly toward the close of 2023. With the oncoming hearing, the Real World Assets narrative could make a comeback.
Earlier in the month, Santiment also highlighted increasing attention for AI and RWAs, putting Polymesh (POLYX), XinFin Network (XDC), Mantra DAO (OM), Ondo Finance (ONDO), and Opulous (OPUL) on its watchlist.
Conclusion
As Real World Assets take the spotlight in the digital asset industry, crypto firms, global banking, and asset management titans are working to bring traditional financial instruments such as bonds, funds, or credit to blockchains. In a space where narrative investing is a factor in the market, traders could buy the rumors ahead of the Wednesday hearing.
