US GENIUS Act Sparks Growth in RWA Tokenization

The tokenization of real assets (RWA) is quickly becoming one of Wall Street’s most promising innovations, and with the recent adoption of pro-industrial legislation, in particular the American engineering law, the growth of the sector is ready to accelerate, according to the new business director of Aptos Labs, Solomon Tesfaye.

In a conversation with Cointtelegraph before the historical adoption of the law on orientation and the establishment of national innovation for the stablescoins (engineering), Tesfaye stressed the call of legislation to institutional actors pointing more and more the intention to enter the cryptographic space.

“We see a more open dialogue between political decision -makers and web leaders who shape the legislation and give institutions more confidence to engage in longer handmates of digital assets,” said Tesfaye. “More specifically, the law on engineering is one of the strongest signals that the congress is ready to support the innovation responsible for blockchain.”

Following a few political retained during the “Cryptography Week” of the Republicans, the House of Representatives of the United States adopted the law on engineering, as well as two other bills linked to the crypto last Thursday.

The legislation, which establishes a regulatory framework for the market of $ 260 billion, was promulgated Friday by US President Donald Trump.

Although stablecoins are often excluded from RWA industry measures, many are supported by state bonds and other tangible assets, effectively classifying them as Rwas.

Stablecoins are also widely considered as a key ramp on the growth of tokenization, offering predictability, lower transaction costs, greater liquidity and a bridge between traditional finance and decentralized finance (DEFI).

According to Tesfaye, a favorable regulatory environment in the United States will be a major catalyst for continuous development and adoption of tokenized assets.

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Rwa growth beyond private credit, Debt of the American Treasury

To date, a large part of the growth of token workers has been concentrated in the private credit and the debt of the US Treasury.

According to a recent report co-written by Redstone, Gauntlet and Rwa.xyz, a private credit represented almost 60% of the RWA market in June, with token Treasury including the second larger segment with around 28%.

“The initial adoption of tokenization has been centered on the implementation of financial assets inherited on modern digital rails, and treasure vouchers and private credit are perfect starting points. Onchain, they delight themselves faster, exchange more easily and can easily be fractionalized, ”said Tesfaye, adding:

“Looking towards the future, it is not difficult to imagine a future where RWA develops in more complex asset classes such as derivatives, IP asset classes or esoteric assets. As financial infrastructure matures, it is not only an access or efficiency. It will be centered on the unlocking of financial products and global participation.”

Aptos emerges as a hub for RWA activity. As Cointelegraph recently reported, the value of the Rwas tokenized on the Blockchain of the Aptos eclipsed $ 540 million at the end of June, led by issuers such as Berkeley Square of the Consortium and Blackrock’s Buidl, which extended to Aptos less than a year ago.

In relation: Experts say “just a starting point” while the crypto week ends with a high note