Tokenized “real-world” assets (RWAs) have surged 10x in two years, now topping $30B — with nearly half held in U.S. Treasury debt. The growth reflects rising institutional demand to put traditional financial instruments onchain, from government bonds and commodities to equities and private credit. While U.S. Treasuries dominate today, the asset class is broadening, with more categories gaining meaningful share in recent quarters. Note: RWAs are traditional financial instruments such as government bonds, commodities, and equities that are represented onchain as tokens.

From snack promo to five-figure collectible... A 1985 Star Crunch ’N Munch PSA 8 just sold for $22,923. On Jan 7, 2024 a copy in the same grade sold for $3,840. 497% in a little over 2 years

Going through all the cards in the @Firmcap VC deck Awesome stuff, but we’re def missing a Draper in either OGs or Founding Fathers! Absolute royalty of the game

Today we announce Thrive Eternal, a permanent capital holding company that will be concentrated in a small number of assets that we can own and steward over many decades. Across Thrive Capital and Thrive Holdings, we are building and investing through a moment of exponential change; backing emerging technologies, the infrastructure that powers them, and the businesses they can transform. Increasingly, we see a fourth category. These are assets with qualities that cannot be replicated by technology. Iconic franchises and cultural institutions rooted in tradition, identity, and shared experience. In a world shaped by abundant intelligence where creation scales and distribution fragments, we believe they will matter even more. Thrive Eternal is built on the belief that the most enduring of these assets share common characteristics: they benefit from long-term stewardship, they compound through cultural resonance, and they are enhanced by technology rather than displaced by it. Our work at Thrive has always been informed and inspired by a deep appreciation for product, brand, and the ways in which consumers form lasting relationships with the things they love. We have been building towards this for a long time. Our first partnership is expected to be with the San Francisco Giants - an institution built on more than a century of shared identity and community, and among the most iconic sports franchises in America. We have reached an agreement, subject to league approval, to acquire an ownership stake. We feel privileged by the opportunity to be long-term partners to the Giants.

Athletes are thinking like owners, and Vino Levine is leading the charge. Turning Travis Kelce into a media mogul? Levine played a role. Signing Josh Allen to Skydance? CAA had a hand in that. Players are getting paid millions of dollars for their performance on the field, and by investing in themselves while they’re still at the top of their game, they can set themselves up for even more success. Check out our full interview with Michael “Vino” Levine here: youtube.com/watch?v=Of5GtcIc… #NFL #TravisKelce #JoshAllen #SportsBusiness

Parade’s Cami Tellez announces new creator economy marketing platform, $4M in funding techcrunch.com/2026/03/02/pa…