RWA Market Surges to $71 Billion on Figure Heloc Boost

The real-world asset (RWA) market cap reached $71.02 billion on Monday, a gain of 48.7% in 24 hours, according to CoinGecko.

This surge is largely due to the addition of Figure Heloc, a tokenized pool of home equity credit lines issued by Nevada lender Figure on its Provenance blockchain.

Figure Heloc accounts for almost all of the sector's growth, with $22.81 billion in value, representing 32% of the total RWA market cap.