BlackRock, Ethena Labs, and Ondo Finance have contributed to the tokenization of Real World Assets (RWA), surpassing a total value locked (TVL) of $129 billion. This growth reflects increasing institutional interest in blockchain solutions, particularly in U.S. Treasury bonds and synthetic cash protocols. RWA has seen a monthly growth rate of 3.2%, with protocol fees reaching $78.51 million last week, indicating strong institutional participation. BlackRock's CEO, Larry Fink, praised the transformative potential of asset tokenization, forecasting RWAs as income-generating components in digital financial ecosystems.