What to know:
- Enso launches an RWA app giving users access to over 500 tokenized assets globally.
- Ondo, xStocks, and Anchorage Digital’s Porto support Enso’s unified RWA app launch.
- RWA.xyz data shows tokenized asset holders rose 13.4% to 930,612 in the past month.
Switzerland-based Web3 platform Enso has launched a real-world asset app giving users access to more than 500 tokenized assets. The service connects xStocks, Ondo Finance, and Anchorage Digital’s Porto through Enso’s execution layer, according to the company’s announcement on Monday.
It’s applicable to tokenized stocks, exchange-traded funds, Treasuries, commodities, and stablecoins. Enso said the system puts the tokenized assets within a single distribution and execution layer. It is designed to facilitate user access across multiple venues.
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Enso Brings U.S. Market Exposure to Tokenized Asset Users
Ondo Finance will offer tokenized equity, treasury products, and capital markets infrastructure. xStocks will enable trading in tokenized equities and ETFs. The integration also includes Anchorage Digital’s Porto.
The available products include exposure to major U.S. companies. Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, Tesla, and SpaceX are all included on the list. Enso said it could make access to tokenized assets more accessible across multiple providers.
The launch makes Enso one of the European crypto firms branching out to traditional finance products. Austria-based Bitpanda expanded its offering earlier this year to about 10,000 stocks and ETFs. Other digital asset businesses in Europe have also transitioned towards the tokenization of other assets.
Enso co-founder and CEO Connor Howe said tokenized U.S. equities have drawn strong interest outside the United States. He said demand is notable in Europe. Howe connected the demand with the access to U.S. markets, 24/7 trading, and dollar assets with interest.
Tokenized Asset Holders Rise Despite Market Value Dip
The launch coincides with the growing number of users demanding tokenized assets. According to data from RWA.xyz, holders increased by 13.4% in the last 30 days to 930,612. However, total value in the market decreased by 0.89% over the same period.
U.S. Treasury debt continued to be the most significant category, holding $15 billion in onchain value. Tokenized commodities came next with $4.6 billion. The values for asset-backed credit and tokenized stocks were $2.2 billion and $1.6 billion, respectively. RWA.xyz placed tokenized assets in several major market groups.
Tokenized stocks accounted for the fifth-largest on-chain value by tokenized asset category. On March 10 they surpassed $1 billion for the first time. At that time, Ondo’s share was approximately 58%, while xStocks’ share was about 24%.
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