Boom in RWA tokenization expected after passing of GENIUS Act — Aptos exec

Key Points

1. The GENIUS Act, recently passed by the US House of Representatives and signed into law, aims to provide a regulatory framework for the $260 billion stablecoin market.

2. Aptos Labs' chief business officer noted that the Act fosters open dialogue between policymakers and Web3 leaders, encouraging institutional participation in tokenized assets.

3. Private credit currently dominates the RWA market (60%), followed by tokenized US Treasurys (28%), but the Act may enable expansion into other asset classes.

4. Aptos has seen significant RWA activity, with over $540 million in tokenized RWAs on its blockchain, including assets from Berkeley Square and BlackRock’s BUIDL.

5. The regulatory clarity provided by the GENIUS Act is seen as a catalyst for the growth and adoption of tokenized real-world assets in the US.