On March 11, U.S. stock futures and crypto concept stocks generally declined before the market opened, with stocks like CRCL, MSTR, COIN, and others experiencing varying degrees of decline. Data sourced from the decentralized RWA trading platform msx.com, which has listed hundreds of RWA tokens.

Gate News reports that on March 11, the whale address "pension-usdt.eth" made its first move into traditional assets, going long on CL crude oil futures near $87, with an increased position to $2.54 million and a floating profit of $1,500. This is its first foray into the RWA sector, having previously mainly traded BTC and ETH.

Gate News Announcement, March 11, RWA infrastructure project Pharos announced that compliant digital asset custody provider Anchorage Digital will provide regulated minting, distribution, and custody services for its TGE (Token Generation Event). Anchorage Digital is the first digital asset institution in the United States to obtain a federal banking license.

XRP price has recently been volatile, staying between $1.34 and $1.44. However, XRP Ledger transaction activity has increased, with a daily trading volume of 2.7 million transactions, mainly driven by real-world asset tokenization projects. Analysts point out that the market is in a consolidation phase, with a focus on the stability of the $1.34-$1.35 support level. If this support holds, a breakout above $1.44 could be possible.

On March 11, the cryptocurrency market generally rose, with the RWA sector up 2.46% and Pendle up 5.05%. Bitcoin remained above $69,000, while Ethereum fluctuated around $2,000. Multiple sectors such as AI and DeFi performed strongly, with Akash Network and River increasing by 20.88% and 20.65%, respectively.

On March 11, U.S. stocks closed lower, with the Dow Jones Industrial Average down 0.07%, the S&P 500 down 0.21%, and the Nasdaq up 0.01%. Cryptocurrency-related stocks generally rose, with DFDV up 12.63%. msx.com launched hundreds of decentralized RWA tokens, covering various U.S. stocks and ETFs.

China strengthens its regulatory policies on cryptocurrencies, reaffirming a comprehensive ban on RMB-pegged stablecoins and classifying most RWA tokenization activities as illegal. The market response is muted, indicating that investors have adapted to this change. The policy's first mention of stablecoins may signal future regulatory reforms, but implementation will still take time. Global digital asset trading could develop into a USD-denominated system, with liquidity being a key factor. Future regulatory frameworks will influence the global market landscape.

On March 9th, the PENDLE staking ratio reached a record high, with 60% of the circulating supply staked, indicating increased community confidence in the protocol. On March 5th, Pendle's real-world asset TVL reached $376.5 million, with $56.5 million deployed as RWA collateral on the Morpho protocol. Pendle emphasizes that yield infrastructure is key to large-scale adoption of institutional-grade RWA.

As of March 9th, the on-chain tokenization of real-world assets has surpassed $25 billion, nearly quadrupling in size, primarily thanks to the proactive involvement of traditional asset management institutions. Six categories of assets have exceeded $1 billion, with U.S. Treasuries being particularly prominent. The market growth mainly stems from institutional issuance rather than secondary trading, and the integration of RWA with DeFi remains limited.