🌴 The RWA Securities Market Update: August 2024 Report Now Available

$41B+ Worth of RWAs, Benchmarked Against the CoinDesk 20 Index

September 12, 2024

Security Token Market is proud to release this August’s market report, analyzing secondary market activity and benchmarking against the CoinDesk 20 Index (CD20).

In this month’s market report, we have meticulously tracked 632 security tokens spanning across 35 marketplaces and 10 blockchains.

Sections include:

  • Key Takeaways

  • CoinDesk 20 Index Benchmark

  • Quantitative Highlights

  • Asset Class Breakdown

  • On-Chain Liquidity Products

  • New Tokens and Announcements

A Sneak Peek

Looking at a hypothetical security token bundle of all STM-tracked RWAs, it outperformed the CoinDesk 20 Index (CD20), closing August out up 3.03% versus the CD20’s 14.45% loss this month. How does this compare to past performance? The security token basket has remained mostly in the lower single-digit positive returns whereas the CD20 has seen some months with similar performance and others with double digit losses. This speaks to crypto’s volatile nature.

As noted in the July 2024 edition, traditional markets saw a negative start to August 2024 amid the Nikkei’s crash, unemployment numbers, and fears of a recession among other catalysts. Crypto subsequently experienced that loss as well, working to recover throughout the month but ultimately coming back down. While some security tokens seem to have also experienced losses, others saw significant growth ultimately helping the basket keep its growth. To help narrow down on performance, this report will benchmark each asset class against the CD20 as well.

A Special Thank You to CoinDesk Indices and Crypto for Advisors:

The CoinDesk 20 Index benchmarks for this report are generated from data supplied by CoinDesk Indices. We’d like to thank Kim Greenberg and Sarah Morton for featuring our CEO, Herwig Konings, and his article “Why Over $40 Billion in Tokenized Securities Should Be Considered for Investment Portfolios” in today’s edition of their Crypto for Advisors newsletter. This article is geared towards financial advisors looking at web3 and references some takeaways from our RWA Securities Market Update: August 2024 report.

Nothing in this report should be construed as investment or legal advice. The information gathered is for educational purposes only.