Bonds are leading the adoption of the RWA tokenization sector which could reach $600 billion in the next five years, according to research. Real-world asset (RWA) tokenization is set for explosive growth over the next five years with assets under management potentially topping $600 billion by 2030, according to several new research papers from major traditional financial institutions.
Open FlipFlorida chief financial officer Jimmy Patronis urges the state’s retirement fund agency to assess Bitcoin investments, proposing a pilot program to diversify to digital assets. Florida chief financial officer Jimmy Patronis wants the agency that manages the state’s retirement funds to consider investing in Bitcoin — joining a growing number of American states adding crypto to their portfolios.
Open FlipBlackRock’s IBIT recorded over $629 mn in single-day inflows as the asset neared lifetime highs on Tuesday, ahead of next week’s U.S. elections. U.S. spot bitcoin ETFs saw over $870 million in net inflows on Tuesday, with BlackRock's IBIT leading at $629 mn. This surge in investments coincided with bitcoin's price nearing its all-time high, fueled by pre-election market volatility expectations.
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