RWA isn’t one market.
It’s four separate layers that are often confused.
The architecture is surprisingly simple:
• Product →
@BlackRock,
@OndoFinance,
@circle,
@FTI_US issue the assets.
• Legal →
@Securitize, and
@centrifuge connects tokens to real-world ownership.
• Data →
@PythNetwork,
@chainlink,
@redstone_defi supplies the pricing that DeFi relies on.
• Settlement →
@The_DTCC moves the assets, with production testing beginning in July 2026 alongside 50+ participating firms.
The interesting part?
Crypto is leading product innovation.
But some of the most important infrastructure is still being built by incumbents.