On March 23rd, at the US stock market open, the Dow Jones Index rose 1.75%, the S&P 500 rose 1.43%, and the Nasdaq rose 1.64%. Crypto-related stocks showed mixed performance, with HODL up 10.32%. Data sourced from the decentralized RWA trading platform msx.com, which has launched numerous US stock and ETF tokens.

On March 23rd, U.S. stock pre-market crypto concept stocks saw widespread declines, with SBET down 4.86%, BMNR down 4.54%, COIN down 3.03%, and MSTR down 2.91%. msx.com is a decentralized RWA trading platform that has launched multiple U.S. stock and ETF tokens.

Gate News reported that on March 23, RWA tokenization platform Midas announced that due to the association between mAPOLLO and USR tokens, the team has temporarily suspended the instant redemption function for mAPOLLO assets out of caution. Midas emphasized that this is a standalone measure for mAPOLLO, and operations of other assets on the platform remain unaffected.

Electric Capital released a research report analyzing 501 real-world yield sources, finding that only 34 exceeded $50 million on-chain scale, with the majority concentrated in areas like US Treasury bonds. 93% of yield sources are affected by seven major barriers including legal and entity consolidation issues, with distribution channels being the largest bottleneck. On-chain RWA holders show concentrated distribution.

On March 23, the crypto market experienced widespread declines, with Bitcoin and Ethereum falling 1.42% and 1.78% respectively. The RWA sector suffered a significant drop of 4.85%, while AI and Meme sectors bucked the trend with gains of 10.36% and 3.66% respectively. Other sectors showed mixed performance, with overall market sentiment remaining weak.

Electric Capital's Real-World Asset Yield Research Report shows that only 34 on-chain real-world yield assets exceed $50 million in scale, primarily concentrated in areas such as U.S. Treasury bills, with the remaining 93% of yield assets not yet effectively tokenized on-chain, facing multiple legal and technical barriers.

Crypto accelerator Alliance announced its ALL16 cohort list on March 20, featuring 18 teams covering stablecoin payments (such as Allod, Superbank, etc.), prediction markets (such as Predexon, Freeport, etc.), and AI applications and RWA tokenization projects (such as Givance, Graded, etc.).

As on-chain data accumulates, the competition between permissioned and permissionless blockchains has entered a new stage. Ethereum's real-world assets exceed $16 billion, leading other public chains. Although private chain assets are massive in scale, they are primarily used for internal ledgers and lack liquidity. Experts generally agree that in the long term, permissionless public chains have greater advantages in liquidity and openness. Currently, most RWA projects adopt a hybrid model. Although private chains have advantages in compliance, applications are gradually concentrating on public chains.

On March 19th, Ethereum re-staking protocol EtherFi announced integration with Plume Network to provide tokenized real-world asset yields. The collaboration is implemented through the nBASIS vault and is planned to roll out in two phases, aiming to offer users diversified yield sources and enhance financial services capabilities.

On March 19, U.S. stock pre-market crypto concept stocks experienced widespread declines, with MSTR, SBET, UPXI, BMNR, CRCL, and COIN all declining to varying degrees. msx.com is a decentralized RWA trading platform that has launched multiple U.S. stock and ETF tokens.