BroadChain News, April 24, 16:16, as of April 24, the total market value of on-chain RWA reached $30.05 billion, an increase of 10.24% compared to the same period last month, hitting a new all-time high. The total market value of stablecoins remained stable above $301.47 billion, with the number of monthly active addresses increasing to 55.19 million, retail participation continuing to recover, and the market structure trending toward health.
On the regulatory front, over 100 US crypto companies jointly sent a letter to the Senate Banking Committee, urging the advancement of the "Clarity Act" legislation to establish a federal-level digital asset market framework. Signatories include Coinbase, Ripple, Circle, a16z, among others. The letter outlines six legislative priorities, including clarifying the division of responsibilities between the SEC and CFTC, and protecting developers of non-custodial tools. Meanwhile, the American Bankers Association has requested an extension of at least 60 days for the comment period on the GENIUS stablecoin bill, pending the release of the Office of the Comptroller of the Currency framework.
In terms of project progress, the Hong Kong Securities and Futures Commission has officially allowed tokenized investment products to be traded on the secondary market; the UK has incorporated stablecoins and tokenized deposits into a unified payment regulatory framework; Tokyo has launched a yen stablecoin subsidy program. Multiple Japanese institutions have initiated a pilot for digital collateral of Japanese bonds on the Canton Network; Coinbase and Bybit are discussing cooperation on tokenized US stocks; Singapore's OCBC Bank has launched a tokenized gold fund; 12 European banks are collaborating with Fireblocks to develop a MiCA-compliant euro stablecoin.
In terms of financing, yen stablecoin issuer JPYC has completed an additional financing of 2.8 billion yen (approximately $17.62 million), and Abu Dhabi-based tokenization platform KAIO has secured $8 million in strategic financing.