Foreign media comments indicate that the monetization of assets continues to expand, but that this narrative does not simultaneously push up the related encrypted token prices. Over the past three years, the size of the chain of real world assets (RWAs) has increased from approximately $1 billion to $30 billion, and traditional financial assets are continuing to migrate to the block chain.

RWA 3 years to $30 billion.

The article mentions that assets such as stocks, bonds, United States Treasury bonds, real estate, etc. are gradually entering the chain. In this trend, the monetization infrastructure is still under construction and market attention has shifted from concept to physical landing.

At the same time, the institutional side moves forward. The monetization company Securitize is preparing to co-finance about $400 million through the SPAC and plans to be listed at the New Haven on 2 July with code SECZ.

The agency continues to advance the ground level.

DTCC also confirmed that a one-day monetization interoperability test would be conducted on 13 July along the two block chains, with a full outreach target set for October 2026. This suggests that large financial institutions have not slowed down the distribution because of weak currency prices.

However, according to the article, business expansion does not necessarily lead to an increase in tokens. Ultimately, the market places greater emphasis on the ability of coins to absorb the income and cash flows generated by the project than on the growth of the size of the agreement.

Project growth doesn't necessarily transfer to tokens.

According to ONDO, for example, although its total locking capacity and revenues have reached a new high, critics argue that the token lacks a value transfer design that directly benefits the holder.

Supply-side pressure is also considered a drag factor. In January 2026, ONDO has already unlocked nearly 20 per cent of the total supply, and next year a new round of larger-scale unlocks will follow.

According to the article, the growth of monetized infrastructure, institutional participation and project revenues could continue, but if the coins themselves could not share in these increases, the market would gradually distinguish between the project ' s business performance and its price performance. This also means that the expansion of the monetization track does not automatically translate into market returns for the relevant coins.