Treasury-backed tokens dominate as RWA hits all-time high
RWA hits all-time high
The real-world asset (RWA) sector has surged to a new peak, surpassing $10.2 billion in total value locked (TVL).
This marks a doubling in value since November 2024 and a 30% increase since the beginning of the year, according to the Cryptopolitan.
The sector’s explosive growth has been driven primarily by Treasury-backed tokens, which now account for $4.2 billion in market capitalization.
Among the standout performers are Ondo Finance’s OUSG and USDY tokens, BlackRock and Securitize’s BUIDL, and Franklin Templeton’s BENJI. These tokens represent shares in tokenized U.S. Treasury funds, offering blockchain-based exposure to traditional financial instruments.
USDtb outpaces market in 30-day rally
Ethena’s USDtb stablecoin—backed by tokenized BlackRock money market funds—posted the largest 30-day gain among RWA assets, surging by 1,177%. In contrast, MakerDAO’s RWA product, once the market leader, saw a 23% decline in TVL.
DefiLlama data places Maker’s RWA, BUIDL, USDtb, and Ondo among the top platforms, jointly contributing over $4 billion to the sector’s locked value.
While the broader crypto market experienced muted performance this week, the RWA sector posted modest gains. Chainlink (LINK) and Avalanche (AVAX) led growth among major RWA-linked tokens, though most large-cap RWA assets saw slight losses.
According to RWA.xyz, Treasury-backed tokens continue to dominate the tokenization market, far outpacing tokenized commodities, which hold just $1.26 billion in value.
Industry analysts, including Bitwise, project that the RWA market could surpass $100 billion by the end of 2025, cementing its place as a foundational pillar in the evolving intersection of traditional finance and decentralized technology.
RWA are innovative crypto tokens are bridging the gap between traditional financial assets and blockchain technology, offering a seamless blend of tangible and digital value.
