RWA growth is no longer just about bringing assets on-chain. 📈 $34.18B RWA AUM 🚀 Equities +390.4% YTD 🔗 Capital activation up across key asset classes The next chapter of tokenization is making assets useful—not just accessible. Welcome to the RWA Activation Era. 👇

RWA gets measured by how much value gets tokenized. I think that’s the wrong metric. Tokenizing the asset is becoming table stakes. Custodians can do it. Banks can do it. DTCC is about to do it at scale. The harder question is what happens after the asset is tokenized. Because an asset sitting onchain with no activity is just a database entry with better marketing. That’s why @cancore_io is interesting. Do you know this project? Since April, it’s facilitated $50M+ in volume, with ~760 trades a day, and tokenized assets on Canton settling against liquidity from public chains. The signal isn’t how much value exists onchain. It’s how much of that value actually moves. Tokenized supply tells you what exists. Trading volume tells you what works. Do you agree?

“RWA” was always a temporary term. It made sense when DeFi needed a name for assets from the “real world.” But as funds, credit, Treasuries and equities move onchain, they’re not really RWAs. They’re just financial assets running on new infrastructure.

RWAs now represent a $46.4B onchain market Tokenized credit funds account for $6.4B, or 13.8% of the total syrupUSDC ($950.6M), JAAA ($717.8M), PRIME ($586.9M), sUSDai ($465.2M) & STAC ($356.5M) lead the category

RWAs now represent a $46.4B onchain market Tokenized gold accounts for $5.1B, or 11.0% of the total XAUT ($2.7B) and PAXG ($1.9B) lead the category, followed by KAU ($230.8M), PGOLD ($85.1M) & XAUM ($66.1M)

RWAs are moving beyond issuance into productive onchain use Of the $46.4B in issued market cap, $3.6B, or 7.8%, is deposited into DeFi venues DEX trading volume reached $1.2B over the past 24h, equal to 2.7% of total issued market cap

RWAs are becoming the base assets of onchain strategies: liquidity buffers in vaults, stablecoin reserves, looping collateral. @itsbhaji named these as expectations at Consensus Miami in May. Four months later, every one of them is live.