- RWA locked value doubled YTD, crossing $29B this week.
- LINK, ONDO, AVAX pushed RWA market cap to $76B all-time high.
- Institutional deals put tokenization trade in 2025 spotlight.
The real-world asset (RWA) tokenization market crossed $29 billion in locked value this week, doubling since January, according to RWA.xyz.
At the same time, the crypto basket tied to tokenization led by Chainlink (LINK), Ondo Finance (ONDO), and Avalanche (AVAX), jumped to a $76 billion market cap, up nearly $9 billion in seven days, according to CoinMarketCap. Traders now frame these three as the tells for the RWA trade heading into year-end.
LINK Breaks $24 as UBS Partnership Confirms Institutional Demand
Chainlink traded above $24 after a 3.3% daily gain, driven by a new partnership with DigiFT and UBS under Hong Kong’s Cyberport pilot program. The deal centers on automating tokenized fund operations, a direct test case for Chainlink’s cross-chain rails.
Technically, LINK broke free of a multi-year symmetrical triangle, per analyst Ali Martinez. Price held at $23.57, above resistance at $21. Upside levels sit at $31.57, then $53.07, with a long-term stretch target at $102.68.
ONDO Rallies 21% Weekly on Tokenized Equities Launch
Ondo Finance traded at $1.10, up 8% on the day and 21% on the week. The move tracked reports that BlackRock is preparing to tokenize ETFs on public blockchains, lifting sentiment across the sector.
Ondo itself launched tokenized versions of 100+ U.S.-listed equities and ETFs on Ethereum through its Global Markets platform.
TVL has surged from $611 million in January to $1.57 billion, per DeFiLlama. Chart structure shows an inverse head-and-shoulders breakout, with traders eyeing $1.20 resistance and a follow-through toward $1.65.
AVAX Up 17% as Avalanche Foundation Prepares $1B Treasury Raises
Avalanche’s AVAX gained 17% this week after the Avalanche Foundation confirmed plans to raise $1 billion for two treasury companies. One raise seeks $500 million via a Nasdaq-listed vehicle backed by Hivemind Capital. Another would use a SPAC structure, with Anthony Scaramucci advising.
Both treasuries would hold millions of AVAX tokens purchased from the foundation at discounted rates, a signal of direct institutional positioning in Avalanche’s ecosystem.
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