Theory Ventures Founder: RWA Market Growth Outpaces AI

Tomasz Tunguz, founder of Theory Ventures, stated that the real-world asset (RWA) market is currently the fastest-growing sector globally, surpassing AI. Tunguz noted that RWA enables on-chain trading of stocks and commodities like oil and copper, providing price discovery even when traditional exchanges are closed. By utilizing stock perpetual futures, these platforms offer pre-IPO pricing for companies such as Anthropic, OpenAI, SpaceX, and Cerebras. Data indicates that SpaceX perpetuals have seen approximately $2.15 billion in open interest and $2.2 billion in cumulative volume. Additionally, stablecoins have become top-ten holders of U.S. Treasury debt, facilitating the settlement of these tokenized assets, with major institutions like JPMorgan, HSBC, BlackRock, and Goldman Sachs actively involved in the space.