Tokenized Real-World Assets Up 65% As Smart Money Pours In
The post Tokenized Real-World Assets Up 65% As Smart Money Pours In appeared on BitcoinEthereumNews.com. The tokenization of real-world assets (RWAs) is quietly becoming one of the biggest stories in crypto. According to a new DeFiLlama’s X post on July 3, the RWA total value locked (TVL) across major protocols reached $12.83 billion. This is up from $7.75 billion at the start of the year. And a 65% rise in just six months. Who’s Leading the RWA Tokenization Race? The top protocols in tokenized real-world assets now include BlackRock BUIDL, Ethena USDt, and Ondo Finance, based on total value locked (TVL). BlackRock’s BUIDL leads with $2.83 billion spread across six chains. Ethena’s synthetic cash protocol follows at $1.46 billion, while Ondo trails closely with $1.39 billion, bolstered by its tokenized U.S. Treasury product OUSG, and newer short-duration bond offerings. Franklin Templeton also ranks in the top six with $753.8 million, making it one of the largest traditional finance players to tokenize a money market fund on-chain. Its Benji platform allows qualified buyers to hold shares of its FOBXX (Franklin OnChain U.S. Government Money Fund) natively as blockchain tokens. Defillama RWA TVL Trends- Source: Defillama Other notable names include Paxos Gold and Tether Gold, which continue to dominate tokenized gold. OpenEden, Centrifuge, and Maple Finance round out the leaderboard, targeting private credit and DeFi-native fixed income. Despite lower TVL, protocols like Superstate, Goldfinch, and Anemoy Capital are seeing gradual institutional adoption, particularly from climate and emerging market-focused allocators. What Are Institutions Really Buying? The bulk of RWA inflows remains in tokenized Treasury products. According to DeFiLlama data, Ondo Finance accounts for over 35% of total RWA TVL, largely driven by its OUSG tokenized bond product. But real estate tokenization is quietly gaining ground too, with several platforms using fractional ownership models to tokenize property stakes, often focused on emerging markets. RWA categories- Source: Dune There’s also…
The post Tokenized Real-World Assets Up 65% As Smart Money Pours In appeared on BitcoinEthereumNews.com.
The tokenization of real-world assets (RWAs) is quietly becoming one of the biggest stories in crypto. According to a new DeFiLlama’s X post on July 3, the RWA total value locked (TVL) across major protocols reached $12.83 billion. This is up from $7.75 billion at the start of the year. And a 65% rise in just six months. Who’s Leading the RWA Tokenization Race? The top protocols in tokenized real-world assets now include BlackRock BUIDL, Ethena USDt, and Ondo Finance, based on total value locked (TVL). BlackRock’s BUIDL leads with $2.83 billion spread across six chains. Ethena’s synthetic cash protocol follows at $1.46 billion, while Ondo trails closely with $1.39 billion, bolstered by its tokenized U.S. Treasury product OUSG, and newer short-duration bond offerings. Franklin Templeton also ranks in the top six with $753.8 million, making it one of the largest traditional finance players to tokenize a money market fund on-chain. Its Benji platform allows qualified buyers to hold shares of its FOBXX (Franklin OnChain U.S. Government Money Fund) natively as blockchain tokens. Defillama RWA TVL Trends- Source: Defillama Other notable names include Paxos Gold and Tether Gold, which continue to dominate tokenized gold. OpenEden, Centrifuge, and Maple Finance round out the leaderboard, targeting private credit and DeFi-native fixed income. Despite lower TVL, protocols like Superstate, Goldfinch, and Anemoy Capital are seeing gradual institutional adoption, particularly from climate and emerging market-focused allocators. What Are Institutions Really Buying? The bulk of RWA inflows remains in tokenized Treasury products. According to DeFiLlama data, Ondo Finance accounts for over 35% of total RWA TVL, largely driven by its OUSG tokenized bond product. But real estate tokenization is quietly gaining ground too, with several platforms using fractional ownership models to tokenize property stakes, often focused on emerging markets. RWA categories- Source: Dune There’s also…
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