According to CoinMeta, the tokenization of real assets and stock collateral has reached a monthly high. Based on Defillama RWA data, tokenization remains one of the more persistent institutional themes in the crypto sector. As investors continue to pay attention to the growing on-chain exposure of traditional assets, including government bonds, credit products, funds, stocks, and collateral tools, the milestones of tokenization are particularly important. The latest data shows that this bridge is still playing a role.