Enso has launched a real-world asset (RWA) app and trading platform offering access to over 500 tokenized assets, including US equities, commodities, and bonds. The move targets growing demand from non-US investors, particularly in Europe, who seek around-the-clock trading and yield-bearing dollar assets, according to Enso co-founder and CEO Connor Howe.
Tokenized asset demand rises
The number of tokenized asset holders has climbed 13.4% over the past 30 days to 930,612, data from RWA.xyz shows. However, the total value of tokenized assets dipped 0.9% during the same period. US Treasury debt remains the largest tokenized category with $15 billion in onchain value, followed by commodities at $4.6 billion and asset-backed credit at $2.2 billion. Tokenized stocks rank fifth at $1.6 billion.
Tokenized stocks cross $1 billion milestone
Tokenized stocks first surpassed $1 billion in total onchain value on March 10, with Ondo Finance holding about 58% of the market and xStocks around 24%. Enso's new platform aims to broaden access to these assets, capitalizing on the trend of tokenization gaining traction among traditional finance players like Franklin Templeton and BNP Paribas.