Traditional finance, also known as TradFi, is making significant strides in the tokenization of real-world assets (RWA), as reported by blockchain data tracker Kaiko Analytics.

In a recent post by Kaiko Research, it was revealed that industry giants like Fidelity, JPMorgan, and BlackRock are spearheading the movement towards tokenizing RWA using cryptocurrencies.

Fidelity International recently announced its involvement in JPMorgan’s tokenized network, joining other institutional players in embracing this rapidly growing trend. Concurrently, BlackRock’s BUIDL, a tokenized liquidity fund, has seen substantial growth, amassing over $460 million.

Since its launch in March, BlackRock’s BUIDL has surpassed various crypto-native firms in performance, including Maple Finance’s Cash Management Fund, which specializes in short-term cash instruments. Despite Maple’s long-standing presence in the industry and recovery from the 2022 crypto lending services collapse, its Cash Management Fund has only reached approximately $16 million in assets, significantly lower than BUIDL’s.

Kaiko also analyzed the flagship cryptocurrency, Bitcoin (BTC), noting a decrease in its volatility as a sign of the asset’s maturation.

Despite fluctuations driven by macro news events, BTC has demonstrated a new level of stability in 2024. The digital gold’s 60-day historical volatility has consistently remained below 50% since the start of 2023, contrasting sharply with the high volatility experienced in 2022 when it exceeded 100%.

At the time of writing, BTC is valued at $64,527.

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