Crypto
RWA Tokens Surge as BlackRock and Quant Gain Institutional Traction
The real-world asset (RWA) tokenization sector is experiencing a significant rally, led by Ondo Finance (ONDO) and Quant (QNT). These tokens have seen double-digit gains in just one day, with ONDO up 28.7% to $0.5545 and QNT up 38.2%. This outperformance has left the broader crypto market and wider RWA sector behind.
The rally is attributed to institutional developments, as BlackRock's launch of Intelligent Portfolios and Quant's Clearing House selection have prompted investor rotation into protocols providing real institutional infrastructure for traditional finance (TradFi).