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[On-Chain Tokenized RWA Total Exceeds $38.6 Billion] The total scale of on-chain tokenized real-world assets (RWA) has surpassed $38.6 billion, with over 4.24 million holding addresses. Among them, U.S. Treasury assets account for over $15.9 billion, commodities $4.9 billion, active strategies $3.6 billion, asset-backed credit $2.56 billion, and tokenized stocks $2.52 billion. On Ethereum, the scale is $17.3 billion; on BNB Chain, $5.6 billion; and on Solana, $4.3 billion.