RWAs exceed $25 billion after nearly quadrupling in a year
Tokenized real-world assets have surpassed $25 billion, nearly quadrupling in value over the past year, driven by institutional adoption.Summary
Tokenized real-world assets (RWAs), excluding stablecoins, have reached an onchain value exceeding $25 billion, nearly quadrupling from approximately $6.4 billion a year prior, signaling a shift toward institutional-scale deployment. Six asset classes, including U.S. Treasuries, commodities, and private credit, now exceed $1 billion onchain. However, much of this growth reflects asset issuance rather than active trading, with large transfers suggesting institutional batching. Furthermore, integration with decentralized finance (DeFi) remains limited; only about 12% of the estimated $8.49 billion in RWA-backed stablecoin supply is deployed in DeFi protocols due to compliance requirements like KYC, leaving the majority idle. The sector's future scalability hinges on whether these permissioned assets begin integrating with composable DeFi systems.
(Source：CoinDesk)