
140 trillion dollars in assets tokenized? Momentum X takes the lead in global RWA
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140 trillion dollars in assets tokenized? Momentum X takes the lead in global RWA
Momentum X is not just a technical experiment, but a strategic move targeting a trillion-dollar market.
Momentum is a decentralized exchange and liquidity hub on the Sui network. Since its official launch at the end of April 2025, in just a few months, its ecosystem's total value locked (TVL) has exceeded $150 million, cumulative trading volume has surpassed $10 billion, and user count has surpassed 2 million, demonstrating rapid ecosystem growth. Momentum is currently running a joint campaign with OKX Wallet, with over 2.3M addresses participating; the event will conclude on September 22.
As global financial markets gradually transition into the on-chain era, Momentum has formally introduced a new vision: not only serving crypto-native assets but also building next-generation financial infrastructure for tokenized RWA assets. Through its newly launched Momentum X module, Momentum is turning this vision into reality, aiming to address real-world market pain points and provide investors with a more transparent and efficient trading experience.

With the global regulatory environment becoming increasingly clear, tokenizing RWAs is no longer a question of "whether to try," but rather "how to execute compliantly." The U.S. officially signed the stablecoin bill GENIUS Act in July 2025, and SEC Chair Paul Atkins stated "code is law, compliance on-chain," clearly supporting the onboarding of traditional assets. Europe’s MiCA framework provides guidance on RWA tokenization, while Singapore’s MAS Sandbox has opened on-chain pilot programs. In this context, Momentum’s move is particularly timely, offering global investors a window into the future of financial markets.
RWA tokenization has now moved from concept to market: tokenized U.S. Treasuries exceed $7.4 billion, making them the largest RWA category on-chain; tokenized gold exceeds $1.6 billion; multiple on-chain models have emerged in the U.S. stock market, including Robinhood-style and xStocks-style; asset types such as funds, corporate bonds, and REITs have also begun moving on-chain, with BlackRock’s BUIDL fund exceeding $2.4 billion. The global bond market totals $140 trillion, and the global securities market exceeds $220 trillion—real-world assets are steadily migrating to the blockchain world, marking the beginning of the largest-scale asset tokenization process in financial history.
However, the path to this multi-trillion-dollar market is not smooth. The current RWA market faces several major pain points:
- Fragmented issuance—each issuer maintains independent KYC/AML, UI, and compliance logic, forcing investors to repeatedly submit identity information, resulting in low efficiency and high error rates.
- Off-chain compliance—most compliance rules are enforced off-chain, lacking transparency and scalability.
- Lack of composability—underlying identical assets are incompatible across different chains or issuers, leading to fragmented liquidity, low capital efficiency, and difficulty forming deep markets.
Momentum X emerges as a solution—not merely a trading tool, but a unified infrastructure integrating identity verification, on-chain compliance, and cross-chain interoperability. Through the Universal KYC/AML Layer, investors undergo verification once to gain access across all issuers, with identity data securely encrypted and verified via zero-knowledge proofs to ensure privacy. With On-chain Programmable Compliance, investor rights, transfer rules, and yield distribution are directly encoded into token standards and automatically executed by smart contracts, ensuring transparency and auditability. Via Cross-chain Interoperability, RWA tokens built on Wormhole technology can circulate across chains, with compliance logic transferred alongside, enabling true interoperability.
Imagine a future day when a trader in Shenzhen opens the Momentum X platform with a cup of coffee, able to view real-time prices and liquidity for tokenized U.S. Treasuries, gold, and corporate bonds—all within a single interface—and execute cross-chain trades instantly. After one-time identity verification, he can trade assets across different issuers and blockchains seamlessly. He can use smart contracts to automatically allocate earnings or rebalance his portfolio, efficiently managing his holdings. If he wants to use part of his Treasury tokens as collateral in DeFi lending, the system automatically calculates risk limits and compliance rules, ensuring legal and secure operations. This "one-stop, full-chain operation" transforms RWA tokenization from theory into practical implementation, showcasing how diverse assets can be efficiently managed in the future.
The launch of Momentum X not only resolves market fragmentation but also provides institutional-grade investors with trustworthy on-chain infrastructure. Unified market depth means tokenized products of the same underlying asset can be interchangeably traded across chains and issuers, supporting large-scale, compliant transactions. Deep integration between RWA and DeFi services enables these assets to be tradable, usable as loan collateral, or added to liquidity pools, maximizing capital efficiency.
In summary, Momentum X is not merely a technical experiment but a strategic move targeting a multi-trillion-dollar market. While addressing existing pain points, it offers users and institutions a more accessible and efficient onboarding experience. As global RWA tokenization accelerates, Momentum X is poised to become a key infrastructure bridging TradFi and DeFi, opening a new world of on-chain assets for global investors.
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