The real world asset (RWA) token market cap now stands at $5.54 billion, an increase of over 31% in the last 24 hours, according to CoinGecko data.

Of the top five tokens in the RWA token sub-sector, the largest gainers were POLYX, the native token of the Polymesh blockchain, which surged by 86.5%, Centrifuge, which saw a rise of 46.5%, and Ondo, which experienced an increase of 33% in the past 24 hours.

Polymesh is a blockchain project designed specifically for security tokens and is one of many protocols involved in the tokenization of real world assets, where rights to an asset are converted into digital tokens on a blockchain.

Real world assets encompass a wide range of tangible and intangible items, from physical properties to patents and copyrights. The tokenization of real world …