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Real-World Assets

Tokenised real-world asset protocols ranked by total value locked. No es asesoramiento financiero.

#	Protocolo	Cadena	24 h	TVL
1	BlackRock BUIDL	Multi-Chain	-0.16%	$3.54B
2	Tether Gold	Multi-Chain	+3.86%	$3.21B
3	Circle USYC	Multi-Chain	-0.06%	$2.98B
4	Ondo Yield Assets	Multi-Chain	-0.05%	$2.51B
5	Spiko	Multi-Chain	+1.79%	$2.50B
6	Paxos Gold	Ethereum	+3.87%	$1.97B
7	Centrifuge Protocol	Multi-Chain	-0.11%	$1.63B
8	Ondo Global Markets	Multi-Chain	+2.70%	$969.55M
9	Blockchain Capital	zkSync Era	+0.00%	$956.83M
10	Anemoy Capital	Multi-Chain	+0.07%	$872.93M
11	WisdomTree	Multi-Chain	+0.52%	$779.73M
12	Invesco USTB	Multi-Chain	-7.51%	$707.23M
13	Hastra	Multi-Chain	+3.12%	$587.38M
14	xStocks	Multi-Chain	+5.79%	$404.46M
15	Ethena USDtb	Ethereum	-0.09%	$357.38M
16	Re	Multi-Chain	+0.70%	$291.14M
17	OnRe	Solana	+0.99%	$272.06M
18	OpenTrade	Multi-Chain	+0.78%	$264.55M
19	OpenEden TBILL	Multi-Chain	+0.01%	$253.18M
20	VanEck Treasury Fund	Multi-Chain	+0.01%	$193.35M
21	DigiFT	Multi-Chain	-0.08%	$173.30M
22	RealT Tokens	xDai	0.00%	$155.08M
23	Midas RWA	Multi-Chain	+4.27%	$134.09M
24	R25	Pharos	+0.05%	$131.44M
25	Mantle Index Four Fund	Mantle	+0.56%	$119.96M

Fuente: DefiLlama. Las cifras son informativas y no son asesoramiento financiero.

What’s driving real-world asset growth

Real-world asset (RWA) protocols tokenize traditional instruments — mostly US Treasuries and private credit — so they can be held and used as collateral on-chain. Rising TVL here usually reflects institutions testing on-chain settlement, and crypto-native treasuries parking idle stablecoins in tokenized T-bills instead of letting them sit uninvested.

What to watch

Who the actual issuer or custodian of the underlying asset is.
Whether redemptions are same-day or gated.
Whether the yield genuinely comes from the underlying asset, or is partly subsidized by token incentives.

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