RWA Market and Tokenized Assets Beat Meme Coins With a 50% Rally
The real-world asset (RWA) market cap reached $71.02 billion on Monday, a gain of 48.7% in 24 hours, according to CoinGecko. Meme coins fell 2.2% over the same day.
The sector added $23.26 billion. One token accounts for almost all of it, and it is not a tokenized stock.
One Listing Explains the Whole Jump
Figure Heloc is the largest RWA holding at $22.81 billion. That is 32% of the sector. Take it out of Monday's total and $48.21 billion remains. The sector was worth $47.75 billion a day earlier.
The difference between those two figures is 0.96%. In other words, the RWA sector without Figure Heloc is almost exactly where it stood the day before.
Prices did not do this. Chainlink (LINK) rose 0.8% on the day, and Stellar (XLM) fell 3.3%. Figure Heloc itself gained 4.5% across the week.
A token added to a list can raise a sector total. Nobody has to buy anything.
What Figure Heloc Actually Is
The token is a pool of home equity credit lines. Figure, a Nevada lender, issues them on its own Provenance blockchain. Figure is not a fringe operation. It listed on Nasdaq in September 2025 and earned $191 million on $619 million of revenue over the past year.
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