Avalanche Tokenized Assets Surge to $2.1B on $11B Bridgetower Deal

Avalanche has seen significant growth in its tokenized real-world assets (RWA), reaching $2.1 billion after a 60.47% monthly increase, according to data from RWA.xyz.

The network's distributed tokenized asset value surpassed $2.1 billion over the past 30 days, propelling it into fifth place among tokenization blockchains by distributed value.

This growth comes on the heels of a newly announced $11 billion institutional tokenization deal with Bridgetower.

Bridgetower's deployment builds on an existing institutional base that was already expanding before the latest transaction. BlackRock's BUIDL tokenized U.S. Treasury fund has grown to more than $900 million on Avalanche, making it the network's second-largest tokenized asset after Ethereum.