Analysis of 29 RWA tokenization projects across treasuries, money markets, private credit, and physical assets, highlighting $39B in onchain RWA with key projects like Ondo ($4B TVL), Figure ($25.7B home equity), and Securitize's NYSE listing.
RWA & Tokenization ·
Nearly $39B in real-world assets have been tokenized onchain, with treasury tokens leading adoption through projects like BlackRock's BUIDL ($2.17B), Franklin Templeton's Benji ($2.47B), and Circle's USYC ($2.39B). Private credit represents significant growth with Figure tokenizing $25.7B in home equity loans and Maple Finance managing $4.8B in AUM, while stock tokenization is expanding rapidly with over 1,000 assets onchain across platforms including Robinhood (190+ stock tokens) and Dinari Global (230+). Securitize's NYSE listing signals institutional acceptance of tokenized assets, and infrastructure projects like Chainlink's CCIP are enabling cross-chain connectivity for the emerging market.