The launch of Ondo and Pantera’s $250 million fund follows rapid growth in the tokenized real-world asset market, which expanded 380% since 2022 to $24 billion by June 2025, excluding stablecoins

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A recent industry report co-authored by RedStone, Gauntlet and RWA.xyz found that the tokenized RWA market has grown by as much as 380% since 2022, reaching $24 billion as of June. Notably, this figure excludes stablecoins, which are collectively valued at more than $250 billion.