Gate News reports that as of March 19, 2023, Ethereum has become the leading platform in the distributed real-world assets (RWAs) sector, with assets nearing $16 billion. BNB Chain and Solana follow with $3.2 billion and $1.8 billion respectively. This growth is mainly driven by tokenized funds, including government bonds, bonds, and money market funds.
Although permissioned networks like Canton dominate the institutional accounting space with assets totaling $352 billion, the trend toward public blockchains is becoming more evident. Industry experts such as Sandy Kaul from Franklin Templeton and Matt Hougan from Bitwise Asset Management emphasize the long-term potential of permissionless blockchains. They believe that public chains like Ethereum, with over 10,000 nodes, offer superior security and decentralization compared to private chains with limited validators.
The collaboration between R3 Corda and Solana further supports this trend, as both bridge tokenized RWAs to public blockchain infrastructure, highlighting market preference for open infrastructure.