The $30 billion RWA tokenization boom is barely reaching DeFi
Despite a $30 billion market for tokenized real-world assets, only a small fraction is integrated into decentralized finance due to restrictive compliance architectures.Summary
The market for Real-World Asset (RWA) tokenization has reached $30 billion on-chain, but only $2.47 billion is actively utilized within Decentralized Finance (DeFi) protocols. Most RWA products, such as Treasury funds and money market funds, are designed with permissioned structures that include strict KYC, transfer restrictions, and issuer-controlled reconciliation, making them incompatible with open DeFi ecosystems like Aave or Uniswap. While some platforms like Ondo, Morpho, and Centrifuge are creating more composable assets, industry analysts warn that the sector is bifurcating into a closed, regulated finance lane and a permissionless DeFi lane, with institutional infrastructure potentially capturing most growth while excluding retail liquidity.
(Source：CryptoSlate)