Real-world assets narrative saturates crypto market despite $16 million exploit on Curio

ONDO is up 15% on Monday as RWA narrative expands in crypto market. Singapore-based DigiFT launches RWA tokens that offer direct claims to US Treasury bills. Attacker mints 1 billion Curio governance tokens in $16 million attack. Ondo Finance is leading the real-world assets category in an impressive rally that has seen its market capitalization increase by 17.1% in the last 24 hours.

-hour chart The RWA rally follows BlackRock's announcement of launching its BlackRock USD Institutional Digital Liquidity Fund on Ethereum. The news kick-started conversations in the crypto community around RWA tokens and how they might go on a massive rally similar to the earlier meme coin boom. In a crypto market where narrative investing plays a crucial role, the market has bought the signals after the steady rise of the RWA market capitalization to $6.

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