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One crucial factor propelling the RWA narrative is BlackRock, the world's largest asset manager. Through its iShares Bitcoin ETF, BlackRock now owns more than 2% of the entire Bitcoin supply. CEO Larry Fink has indicated that after the success of the Bitcoin ETF, the company intends to tokenize assets on a mass scale, merging traditional finance with decentralized finance (DeFi). Earlier this year, BlackRock launched a $100 million tokenized fund on the Ethereum network, significantly contributing to the growing interest in RWAs. As of now, the total value of the RWA market is projected to reach $15 billion by the end of 2024, with experts suggesting it may grow even larger as traditional finance embraces blockchain technology.