According to online reports, Jamie Coutts, chief cryptocurrency analyst at Real Vision, posted on the X platform that in the past 12 months, the tokenization market has tripled to US$19 billion. Among them, the scale of private credit tokenization increased 1.7 times to US$12 billion; the scale of U.S. Treasury bonds tokenization increased fourfold to US$4 billion; and the scale of stock tokenization increased 70 times to US$450 million. He added that 75% of these managed assets (AUMs) are managed on Ethereum or its Layer2 blockchain.