The tokenization of real-world assets (RWAs) shows nary signs of slowing down arsenic the crypto abstraction has won plentifulness of organization hearts and minds implicit the past year. With the caller regulatory developments, TradFi superior is present pouring into DeFi.
BlackRock’s tokenized treasury fund, BUIDL, is the latest illustration of this largesse: The fund, which grants investors vulnerability to RWAs similar US Treasury bills, cash, and repurchase agreements connected aggregate chains, precocious blew past $1 billion. Tokenized treasuries unsocial are present worthy an eye-popping $4.4 billion.
As each sorts of assets are bought and sold on-chain, from existent property and bonds to precious metals and intelligence property, investors are present rushing to research the RWA trading. While this assemblage is growing, investors are present looking retired which platforms are unrecorded close now, and springiness investors the accidental to enactment successful the RWA revolution?
Here’s a rundown of 5 of the champion real-world assets (RWA) trading platforms;
Top 5 Platforms For Trading Real-World Assets (RWA)
Ethena
Ethena is an Ethereum-based synthetic dollar protocol whose flagship asset, the delta-neutral USDe, benefits from the liquidity of a stablecoin portion being backed by the volatility of BTC, ETH, and abbreviated futures positions.
If that each sounds a spot hard to grasp, don’t worry: it’s not truthful analyzable erstwhile you get close down to it. While USDe lets investors pouch returns by buying spot BTC/ETH and shorting perpetual swaps connected exchanges, Ethena’s different stablecoin, USDtb, is backed by tokenized Blackrock money-market money shares.
Interestingly, the protocol has some on- and off-chain components, with the erstwhile encompassing astute contracts enabling the minting, redeeming, staking, and unstaking of USDe and the second including services which grip the delta hedging positions for deposited backing assets.
Recently, Ethena joined forces with Securitize to motorboat Converge, a dedicated, EVM-compatible blockchain for tokenizing RWAs and supporting Ethena’s stablecoins.
INX
INX is simply a U.S.-regulated level that combines crypto, information tokens, and premium RWAs backed 1:1 by the underlying assets – among them tokenized shares of publically traded giants similar Google, Tesla, and Microsoft. INX has adjacent tokenized heavyweights similar the S&P 500 ETF and BlackRock’s iShares Treasury ETF, and was liable for the archetypal SEC-registered information token ($INX) backmost successful 2020.
Having clocked $40 cardinal successful RWA and information token measurement successful 2024, INX is putting connected the afterburners and striving to beryllium the ‘face’ of the tokenized RWA scene. Based connected caller milestones, you wouldn’t stake against it. Popular upgrades implicit the past twelvemonth see the instauration of recognition paper deposits and a Buy Assets diagnostic that simplifies investment.
MANTRA
MANTRA is simply a regulatory-friendly, multi-asset level that leverages the Inter-Blockchain Communication (IBC) protocol. It is connected a ngo to bring the planetary fiscal strategy on-chain.
Being a layer-1 chain, MANTRA is already making headway with its Central Limit Order Book (CLOB) DEX, which empowers investors to commercialized tokenized TradFi goodies similar debt, equities, fractionalized existent estate, and U.S. treasury-backed securities. Its Google Cloud-backed RWAccelerator, meanwhile, offers funding, mentorship, and AI smarts to the adjacent procreation of RWA projects.
Last year, MANTRA raised $11 cardinal arsenic it acceptable astir winning the RWA arms race. Its laminitis John Patrick Mullin states that the task wants to beryllium seen arsenic the “layer of designation for each the colony of real-world assets.”
Pendle
Yield optimization protocol Pendle dropped its archetypal merchandise based connected RWAs – MakerDAO’s Boosted Dai Savings (sDAI) and Flux Finance’s fUSDC stablecoin, some of which make output from TradFi sectors – successful 2023. Since then, it’s positioned itself arsenic a gateway to tokenized real-world assets for those wishing to hole oregon leverage their yield.
Among different notable features Pendle splits an asset’s main and yield, meaning users get to commercialized aboriginal yields connected assets similar bonds separately from the basal value.
They tin besides instrumentality vantage of TradFi tools similar involvement complaint derivatives, swaps, and fixed income to assistance them negociate yield. In short, Pendle unlocks blase strategies for TradFi and DeFi maxis alike, bringing greater designation to RWAs arsenic tradable commodities.
Final words
With the full worth of RWAs locked successful DeFi present exceeding $10 billion, this is simply a gyration that seems acceptable to rumble connected for galore years: expect to spot much tokenized versions of carnal assets connected a blockchain adjacent you soon. The question is, which 1 bash you person your oculus on?
Also Read: Top 11 Crypto Wallet Apps To Checkout In 2025