# Potential Value

<figure><img src="/files/oq7UQMHezjxFy4zVcY8A" alt=""><figcaption></figcaption></figure>

The asset tokenization market has grown exponentially with the development of the cryptocurrency asset financial market. Initially, the Bitcoin tokenization market was formed. In the past, Bitcoin holders wanted to securitize their Bitcoin, but in the Bitcoin network, there was only a “coin transfer” function, so it was difficult to use it in the cryptocurrency asset financial market. However, with the advent of the Bitcoin tokenization service, users can entrust their own Bitcoin to a specific system and issue wBTC (wrapped BTC) on the Ethereum network developed by DeFi to use it as collateral in the cryptocurrency asset financial market. The current wBTC circulation is about $5.2B (245,480 wBTC), accounting for 1.3% of the total BTC circulation.

The second established asset tokenization market is the fiat-based stablecoin market. As DeFi developed, there was a demand for financial activities such as deposits or loans with assets with stable values, and accordingly, a service to issue stablecoins that can be exchanged 1:1 with fiat currencies such as dollars or euros has developed. Typical examples include USDT, USDC, BUSD, and GUSD, all worth $134.6B.

And the next stage of the asset tokenization market will be the “real asset tokenization market”. The need for DeFi to use real assets emerged during the Terra crisis and rug pull. To satisfy this demand, attempts are already underway to tokenize real assets for use in the cryptocurrency asset financial market, creating a new financial market that did not exist before. Conceptually, since all real assets can be tokenized, the potential size of the real asset tokenization market will exceed the market size of existing cryptocurrency assets operated only in cryptocurrency assets or fiat currency. The size of the global bond market alone is $123,468.6B1), and when the real estate and art markets are combined, the size becomes astronomical.

Elysia DAO has developed a technology to move real assets to the cryptocurrency asset financial market, and the RWA token created through this technology is used in the cryptocurrency asset financial market. Elysia DAO, which has this technology, is composed and operated by sEL token holders and is pioneering new financial markets with all holders.\
1\) Source: 2021 SIFMA Capital Markets Fact Book<br>


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://elysia.gitbook.io/elysia-whitepaper-v2.1/english-3/roadmap/potential-value.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.