21 new members, including a16z, WisdomTree, Plume Network, and Galaxy, join the Tokenized Asset Coalition and release the 2024 State of Asset Tokenization report
TechFlow Selected TechFlow Selected
21 new members, including a16z, WisdomTree, Plume Network, and Galaxy, join the Tokenized Asset Coalition and release the 2024 State of Asset Tokenization report
TAC was established in the fall of 2023 by companies including Aave, Centrifuge, Circle, Coinbase, Base, and RWA.xyz, and has now brought together over 40 leaders in the tokenization space.
Navigating Web3 tides with focused insightsAuthor: Tokenized Asset Coalition
Compiled by: TechFlow
Today, the Tokenized Asset Coalition (TAC) released its second State of Tokenization Report, a comprehensive industry analysis featuring data and insights from across TAC's membership.
Additionally, TAC announced the addition of 21 new members—the second cohort selected from over 175 applicants.
The Tokenized Asset Coalition advocates for the adoption of public blockchains, asset tokenization, and institutional decentralized finance (DeFi) to significantly transform how capital is formed, invested in, and managed on-chain.
Founded in the fall of 2023 by Aave, Centrifuge, Circle, Coinbase, Base, RWA.xyz, and others, TAC has now brought together more than 40 leaders in the tokenization space.
The 2024 report examines the role of regulation in adoption, the rise of institutional investors moving assets on-chain, and the latest innovations within the industry. Key highlights include:
-
Major institutions such as McKinsey, Citibank, and Standard Chartered predict that the tokenized asset market could reach between $2 trillion and $30 trillion within the next decade.
-
Real-World Assets (RWAs) currently have a total value of $176 billion—or nearly $15 billion excluding stablecoins—across more than 150 tokenized asset issuers and over 20 public blockchains.
-
A Coinbase survey of Fortune 500 executives found that 56% of companies are currently working on on-chain initiatives.
-
While much attention has focused on tokenized government bonds, private credit dominates the Total Value Locked (TVL) in tokenized assets—currently with nearly $9 billion in active loans.
-
Tokenized metals are also growing rapidly, with a market capitalization exceeding $960 million—approaching $1 billion.
-
The report showcases recent innovative offerings from members including Coinbase, Centrifuge, Provenance Blockchain, Solana, Securitize, Chainlink Labs, and Ondo.
To download the full report, visit: RWA.xyz Blog – Tokenized Asset Coalition’s 2024 Industry Update.
These new organizations span multiple sectors including venture capital, financial services, decentralized finance (DeFi), asset management, and fintech. New members include a16z, Aptos Labs, Offchain Labs, Axelar Foundation, Chronicle, Etherfuse, Flow Traders, Galaxy Digital, Hashnote, Injective, Kinto, Matrixdock, Mercado Bitcoin, Metawealth, Nayms, Noble, Oasis Pro, Plume Network, Pyth, and WisdomTree. The complete list of members can be found at tokenizedassetcoalition.com.
All members will join TAC working groups, participate in events, create unique content, and contribute to the ongoing adoption of tokenized assets. As membership grows, TAC will become stronger through the inclusion of greater experience and expertise.
Among them, RWAfi network Plume Network, after successfully joining the Tokenized Asset Coalition (TAC), stated it is committed to bringing over $3 billion in assets on-chain, continuing to collaborate with industry leaders to enhance real-world asset tokenization, streamline regulatory processes, and advance decentralized finance innovation.
The coalition invites all relevant organizations to apply for membership and contribute to transforming the financial landscape. Through collective effort, a new era in global finance—marked by greater efficiency, transparency, and accessibility—can emerge.
About the Tokenized Asset Coalition
The Tokenized Asset Coalition aims to unite traditional finance and crypto finance, united by the belief that many assets will ultimately move on-chain. By addressing inefficiencies, lack of transparency, and fragmentation in current financial infrastructure, TAC seeks to lead the next wave of digital transformation. Founding members include Centrifuge, Circle, Coinbase, Base, Credix, Provenance Blockchain Foundation, Goldfinch, and RWA.xyz, who are dedicated to education, advocacy of shared principles and best practices, and building the future on-chain infrastructure.
Contact
Keith Chapman keith@chappublicrelations.com
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
@TACoalition
