RIO Token Surges 16% in 24 Hours Amid Growing Interest in Real-world Asset Tokenization

RIO, the native token for the Realio network, is gaining popularity on Google and X, with its price increasing by over 16% in the last 24 hours.

The Realio Network, founded in 2018 and based in New York, operates as a defi marketplace powered by RWAs. Real-world asset tokenization is at the core of this project, converting ownership of tangible assets to blockchain. By breaking down assets like commodities and real estate into tradeable tokens, this process democratizes investment opportunities and expands market liquidity.

The recent surge in interest in RWAs was fueled by asset manager BlackRock’s launch of the Institutional Digital Liquidity Fund for USD. This move sparked a significant increase in prices for various projects operating in the sector.

According to crypto analyst Xremlin, the RWA tokenization market could reach a staggering $16 trillion by 2023. With BlackRock’s involvement, growth in this sector is expected to exceed expectations.

Analysts like Xremlin anticipate substantial growth for RIO in the coming years, projecting a potential 100X increase in value by 2024-2025. Meanwhile, CryptoDOC foresees the token reaching “double digits” in the near future.

As of now, the project’s 24-hour trading volume has surged by 105%, and its market capitalization has increased by over 24% to $16.7 million.