The world of decentralized finance (DeFi) has been witnessing a significant surge in the tokenization of traditional financial products, as indicated by the latest data from CryptoRank. The aggregate Total Value Locked (TVL) in Real World Asset (RWA) protocols has reached a remarkable milestone of $22 billion across decentralized platforms. This substantial increase from the previous month’s $11 billion TVL showcases the growing acceptance of tokenized traditional financial products within the Web3 ecosystem. The TVL is distributed across 85 decentralized platforms, with some major players leading the pack.
Securitize, the largest tokenization platform, currently boasts a TVL of $3.58 billion, marking a 32.8% increase in the past 30 days. With a 31% market share in the RWA market, Securitize has been propelled by Blackrock’s BULD, which saw a 46% supply surge in the last month. Securitize enables companies to tokenize assets like real estate, private equity, and fixed income on the blockchain, making ownership more accessible to a global audience.
Tradable, a tech firm focused on democratizing institutional investment products, holds the second spot with a TVL of $2.05 billion, reflecting a 9.25% increase in value over the past month. Ondo emerges as the third-largest RWA protocol with a TVL of $1.09 billion, specializing in tokenizing assets like money market funds, bonds, and US treasuries. Paxos follows closely with a TVL of $776 million, known for tokenizing products like PAXG (Paxos Gold) on the blockchain.
Superstate rounds up the top five RWA protocols with a TVL of $746 million, showcasing a significant 72.8% increase from the previous month. The platform focuses on tokenizing US government securities, enhancing accessibility to traditional assets through blockchain technology. Other notable RWA protocols gaining traction include Franklin Templeton, Tether Holdings, Circle, Spiko, and PACT, each offering unique opportunities for investors to access and invest in conventional assets through tokenization.
The trend of RWA tokenization continues to gain momentum, with investors showing increased interest in tokenized investment products. This trend is driven by the demand for advanced and stable investment alternatives in the volatile cryptocurrency market. As DeFi continues to evolve, the tokenization of traditional assets is expected to play a significant role in reshaping the landscape of finance. Investors are increasingly turning to decentralized platforms to explore new avenues for investment, leveraging the benefits of blockchain technology to access a diverse range of asset classes.