RWA: Will trillions of dollars in real-world assets become the next growth engine for the crypto market?

RWA: Will trillions of dollars in real-world assets become the next growth engine for the crypto market?

RWA, seen as the next growth engine for the crypto market, is heating up, with major institutions such as Binance and Goldman Sachs making moves in the face of trillions of dollars in funding.

82 articles
RWA Perpetual Contracts: DeFi Devours the Last Piece of Wall Street's Puzzle
Trading everything, the market never closes.
OKX
香港金管局、上海数据局、国家区块链中心三方签约：贸易融资的RWA时代还有多远？
当数据作为一种关键生产要素，能够合规、高效地跨境流动，并最终转化为金融资产时，贸易融资的范式革命就将真正到来。
RWA研究院
Institutional Guide: Asset Allocation Portfolio, the Highway for Capital to Enter DeFi
Nobody's buying your RWA assets? Because you haven't understood the on-chain "distribution stack."
Block Unicorn
Bitwise: A weekend attack accelerated the on-chain migration across the entire financial world.
Institutions like the NYSE will gradually shift to tokenized markets, just as they did when they moved from exchange-traded to electronic trading.
Foresight News
A New Pre-IPO Narrative: Can Retail Investors Invest in SpaceX? The Path to Breakthrough in Private Equity Tokenization
MSX and Republic have partnered to launch a pre-IPO private equity tokenization zone, sparking market interest in putting primary market assets on-chain.
137Labs
US Stock Market Logic + On-Chain 72-Hour Trading: Detailed Explanation of Mechanisms and Market Data
Tokenized US stocks are still in their early stages, but extended trading hours and on-chain composability are changing the way assets circulate, providing new technological pathways for cross-market trading structures.
137Labs
RWA市场资金流动洞察：逆周期增长、结构分化与新一轮市场赢家
在宏观不确定与加密市场熊市背景下，RWA赛道呈现出明显逆势增长与结构性分化趋势。
CoinFound
巨头入场与资产重构：金银剧震背景下的链上化投资逻辑
本文用近期金银市场行情作为样本，说明机构为什么越来越偏好代币化资产。
Tiramisu AI
RWA跨链清算真相：谁在构建机构级结算底座
那些只会发币、却解释不清跨链失败后法律责任归属的协议，注定会被清洗出局。真正的强者，是那些能在多链环境下，依然能提供单一、可验证、具备法律效力的真实源头的人。
Pharos Research
Global listing, 24-hour stock trading? An analysis of the NYSE's on-chain "strategy".
The deeper significance of this process goes beyond technological upgrading; it is more akin to a stage-by-stage evolution in the mode of capital formation.
加密沙律
DigiFT x CoinFound：RWA 2026展望——决战金融基础设施
RWA的竞争已经进入“下半场”。关键不再是“把什么资产搬上链”，而是“如何建立合规、高效、可组合的金融基础设施来分发和流转这些资产”。这标志着RWA从一个“技术概念”正式演变为一个“金融基础设施”的结构性迁移。
CoinFound
十分钟售罄的“碳资产”：国内首款碳信用数字资产是破冰，还是泡沫？
限量500份的稀缺性能否支撑规模化拓展？
RWA研究院
NYSE's 24/7 entry: This isn't a victory for crypto, but rather an unlimited expansion of "tradability".
Time zones are having less and less of a restrictive effect on finance.
深潮TechFlow
RWA作为方法而非产品：房地产出清的资金封闭与持续披露框架
中国的房地产还有救么，REITs救不了的，RWA资产代币化能救么？如果能救，链上融资要怎么搞？
Pharos Research
Hong Kong RWA Saga (Part 2): Bipolar Narratives, Regulatory Red Lines, and the Future Game
"Compliance is no longer a burden, but the greatest asset; technology is no longer a gimmick, but a carrier of trust."
瓜田实验室 W Labs
RWA in Hong Kong (Part 1): From Fanaticism to Restructuring, An Analysis of the Nine Major Factions
Platforms such as HashKey, OSL, and Ant Financial are leading the market and promoting the development of RWA through a compliant ecosystem and technical support. Cash management RWA has significant growth potential.
瓜田实验室 W Labs
Gold RWA Trend Insights – Rapid Growth: From "Safe-Haven Asset" to "On-Chain Financial Infrastructure Component"
In 2025, the market capitalization of gold RWA nearly tripled, exceeding $3 billion. The market landscape shifted from a duopoly of XAUT and PAXG to a multi-functional, layered structure, with new projects expanding their differentiated paths through payment and DeFi scenarios. Institutions like DBS and Standard Chartered piloted cross-border settlements, increasing institutional participation. Macroeconomic uncertainties drove up gold prices, leading to increased demand for "on-chain gold" in value storage, payments, clearing, collateral, and cross-border settlements. With the maturation of next-generation financial infrastructure, gold RWA is poised to become a key underlying asset, but it still faces risks related to centralization, transparency, and technology.
CoinFound
RWA Power Map: A Comprehensive Guide to How Five Major Agreements "Divide" Trillions of Institutional Capital
The institutional-grade RWA tokenization market is worth nearly $20 billion. Five major protocols—Rayls, Ondo, Centrifuge, Canton, and Polymesh—are driving the on-chain migration of trillions of dollars in assets, addressing the needs of bank privacy, retail distribution, asset management, Wall Street settlement, and securities compliance, respectively.
深潮TechFlow
The tug-of-war between two paths behind the tokenization of DTCC in the US stock market: the debate between DTCC's "improvement" and crypto-native "revolution".
DTCC's approval to tokenize security interests upgrades the efficiency of the existing system; direct holding of tokenized shares challenges the intermediary structure. These two paths reveal different futures for security tokenization, and the market will determine which model is superior.
菠菜菠菜！
Interpreting Figure Q3: Why is it the undisputed first RWA stock?
This report will analyze Figure's Q3 financial report and assess whether its "blockchain-native" strategy constitutes a true moat, as well as its long-term investment value in the increasingly crowded RWA sector, based on recent updates to its revenue streams and business model.
Movemaker