The real-world asset (RWA) market is expanding rapidly, with tokenised private credit emerging as a core segment, Bernstein Research said. It estimated the RWA market at about $51 billion this year, with tokenised private credit making up about 44 percent. Bernstein said differences in classification standards led to gaps with other estimates. It cited BlackRock's BUIDL and U.S. Treasury-linked tokens as major areas, and said Figure Technology Solutions led platforms by tokenised assets.

Shares of bitcoin mining companies rose together on expectations of expanding artificial intelligence infrastructure. As Wall Street strength centred on semiconductors continued, miners with power-intensive infrastructure regained attention as beneficiaries of AI and high-performance computing demand. TeraWulf climbed as much as 17 percent on news tied to a Kentucky data centre acquisition site, while Hut 8, IREN and Riot Platforms gained more than 5 percent at the close. Bernstein said 11 listed miners hold about 27 GW of power portfolios.