Latest Milestone in RWA Protocols: TVL Reaches $22 Billion
The latest data from CryptoRank reveals a significant milestone in RWA protocols, with the total value locked (TVL) now standing at $22 billion across decentralized platforms. This marks an impressive increase of $11 billion from the previous month’s TVL of $11 billion, indicating a growing acceptance of tokenized traditional financial products within the Web3 world. The TVL is distributed across 85 decentralized platforms, with the top major ones highlighted below.
Securitize
Securitize emerges as the largest tokenization platform, boasting a $3.58 billion TVL, representing a 32.8% increase over the past 30 days. Holding a 31% market share among RWA protocols, Securitize is powered by Blackrock’s BULD, which saw a 46% supply increase 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 global investors.
Tradable
Tradable, a tech firm focused on democratizing institutional investment products, ranks as the second-largest RWA platform with a current TVL of $2.05 billion. The platform experienced a 9.25% increase in total value over the past month, aiming to bring Web3 technology to traditional financial firms and provide wider access to profit-generating assets.
Ondo
Ondo secures the third spot among RWA protocols, holding a $1.09 billion TVL, reflecting a 10.4% increase in the last month. Specializing in tokenizing assets like money market funds, bonds, and US treasuries, Ondo makes institutional investment products more accessible globally.
Paxos
Paxos ranks fourth with a $776 million TVL, known for tokenizing products such as PAXG (Paxos Gold). By tokenizing assets like Gold on the blockchain, Paxos offers a convenient alternative to physical asset ownership.
Superstate
Superstate occupies the fifth position with a $746 million TVL, marking a 72.8% increase from the previous month. The platform focuses on tokenizing US government securities, enhancing accessibility to traditional assets through blockchain technology.
The Growing Market for Tokenized RWAs
TVL serves as a crucial indicator of user demand in DeFi, reflecting the value of tokens deposited in decentralized networks. Apart from the highlighted protocols, other notable RWA platforms like Franklin Templeton, Tether Holdings, Circle, Spiko, and PACT have also witnessed growth in their TVLs, offering investors diverse opportunities for tokenized investments.
The trend of RWA tokenization continues to gain traction, with investors increasingly embracing tokenized investment products as a modern approach to traditional investing. This trend is driven by the demand for advanced and stable investment options amid the volatile cryptocurrency market.