The Investor’s Guide to RWA Categories: Where the Real Money Is (And Where It’s Actually Going)

by | Oct 13, 2025

Guide Overview: Real World Asset tokenization isn’t theory anymore—it’s a $30+ billion market with institutional capital flooding in. But not all RWA categories are created equal. This comprehensive guide breaks down every major asset class, the real yields, the actual risks, and which platforms are winning. Updated October 2025 with the latest market data.


Look, I get it. You’ve heard about Real World Assets. Maybe you’ve read the thesis, nodded along to the big picture stuff about tokenization revolutionizing finance. But now you’re sitting there thinking: “Okay, but what do I actually invest in?”

That’s exactly what we’re tackling here. Because understanding the what of RWAs is table stakes. Understanding the which—that’s where fortunes get made or missed.

Here’s the reality check: not all RWAs are created equal. Some are generating 9%+ yields with institutional-grade security. Others are still figuring out if their legal structure will hold up in court. Some have billions in assets under management. Others are science projects with slick websites.

We’re about to break down every major RWA category—the yields, the risks, the real players, and the BS you need to avoid. This isn’t theory. This is the operator’s manual.


The Gateway Drug: Tokenized Treasuries

Let’s start where the institutional money is flooding in right now. Tokenized US Treasuries aren’t just the safest play in RWAs—they’re the foundation everything else is being built on.

The Numbers That Matter

The tokenized Treasury market just crossed $6.16 billion in mid-2025. That’s up 53% since January. Not next year. Not “projected growth.” That’s capital that moved this year.

Franklin Templeton’s BENJI fund? BlackRock’s BUIDL? Ondo’s OUSG? These aren’t experiments. They’re production-grade financial products managing real institutional money. And here’s the kicker: six funds control 88% of the entire market.

Let me break that down because it matters:

  1. BlackRock BUIDL: $2.5 billion (41% market share)
  2. Franklin Templeton BENJI: $707 million
  3. Superstate USTB: $661 million
  4. Ondo USDY: $586 million
  5. Circle USYC: $487 million
  6. Ondo OUSG: $424 million

When BlackRock commands 41% of a market and grew 291% from January to April, that’s not a signal—that’s a siren. The world’s largest asset manager isn’t experimenting. They’re executing.

Why This Category Exploded

Here’s what happened. For years, DeFi protocols were offering these insane yields—10%, 15%, sometimes higher. Then interest rates went up. Suddenly, you could get 4-5% on a T-bill backed by the US government. Risk-free. That completely flipped the script.

Crypto treasuries and DeFi protocols started asking themselves: why are we parking capital in volatile assets when we can earn stable yield on Treasuries? And boom—tokenized Treasuries became the killer app. They bridge traditional finance yields with on-chain accessibility. It’s elegant, it’s simple, and it works.

The Real Value Proposition

You’re getting US government-backed yield, but with blockchain rails. That means 24/7 trading. Instant settlement. No waiting for your broker to process paperwork. You can move capital on a Saturday night if you want to.

Plus—and this is huge—these tokens can be used as collateral in DeFi protocols. You’re not just earning yield, you’re unlocking composability. Ondo literally wraps their OUSG product around BlackRock’s BUIDL, then offers instant minting and redemption via USDC. That’s the entire promise of tokenization in action: take a TradFi asset, make it programmable, enable new use cases.

Who’s Actually Winning Here

Franklin Templeton (BENJI): First mover. Launched in 2021, multi-chain strategy across Polygon, Stellar, Avalanche, Solana. They’ve got the regulatory relationships and aren’t playing around. $707 million in AUM proves institutions trust them.

Ondo Finance (OUSG/USDY): Captured the crypto-native institutional market by focusing exclusively on compliance-first approach. They built on top of BlackRock’s BUIDL, added instant redemptions, daily yield distributions, and lower minimums ($100K vs BUIDL’s $5M minimum). Smart strategy: let BlackRock handle the heavy regulatory lifting, then create a better user experience on top.

BlackRock (BUIDL): Launched March 2024 on Ethereum via Securitize. When the world’s largest asset manager enters your category and takes 41% market share in 15 months, everyone else is playing for second place. They’ve expanded to seven blockchains (Ethereum, Aptos, Arbitrum, Avalanche, Optimism, Polygon) with differentiated fee structures—50 basis points on Ethereum, only 20 bps on Aptos, Avalanche, and Polygon.

The Risk Reality

These are about as safe as you can get in this space, but nothing’s risk-free. You’ve got smart contract risk. You’ve got regulatory risk if the SEC decides to change how they classify these products. And you’ve got de-peg risk—what happens if the fund’s NAV doesn’t match the token’s market price.

But let’s be real: if you’re building an RWA allocation from scratch and you skip Treasuries, you’re doing it wrong. This is your foundation. Everything else is built on top of this stable base.


The Yield Machine: Private Credit

If tokenized Treasuries are the safe gateway, private credit is where things get really interesting. And by interesting, I mean higher yields, higher risks, and a market that’s currently worth $15.9 billion.

Yeah, you read that right. Fifteen point nine billion. Not $575 million. Private credit represents over 50% of the entire non-stablecoin RWA market. This isn’t a niche category—this is the dominant force.

The Market Reality

Private credit is massive—we’re talking about a multi-trillion dollar asset class that’s historically been locked up for institutional investors only. Small business loans. Invoice financing. Trade finance. Revenue-based financing. All of it illiquid, all of it hard to access, all of it generating yields that blow public markets out of the water.

On-chain private credit has exploded. Protocols are facilitating real-world borrowing from actual businesses and connecting them with DeFi liquidity pools. The average yields? North of 9%. Some deals are pushing 10-16% depending on the risk profile.

Here’s what Jürgen Bloomberg, COO at Centrifuge, told investors recently: “Investors demand higher yield from real-world asset products, and we are responding to that.”

That’s the game. Capital is climbing the yield curve—moving from safe Treasuries at 4-5% to riskier private credit at 10-16%. It’s not speculation, it’s a calculated move into higher-yielding real-world assets.

Why This Works

Traditional private credit is expensive to operate. You need underwriters, loan service, compliance teams, collection agencies. The operational overhead is brutal, which is why minimum investments are typically $100K, $500K, or higher.

Tokenization automates chunks of this. Smart contracts handle distribution. Oracles verify collateral. The entire process becomes more efficient, which means both lower costs for borrowers and better risk-adjusted returns for lenders. And because it’s on-chain, you can fractionalize exposure. Instead of needing half a million to invest in a private credit fund, you can get in with significantly less.

The Heavy Hitters

Centrifuge: The OG. They’ve been building on-chain credit infrastructure since before it was cool. $1.175 billion in total value. Asset originators come to Centrifuge, tokenize their collateral (invoices, receivables, whatever), and borrow against it from DeFi pools.

They use a senior/junior tranche structure—DROP tokens for the risk-averse, TIN tokens for the yield chasers. Real-world business owners are borrowing actual capital and paying it back with real-world cash flows. They’ve pioneered integration with MakerDAO and Aave, providing real-world collateral to DeFi’s largest protocols.

Maple Finance: Institutional-grade lending marketplace. Over $1.9 billion in assets managed, $7+ billion in total loans originated since launch. They’re not messing around with unsecured loans. Everything is overcollateralized, everything is institutional-quality.

Recent evolution with their V2 platform brought stronger controls and transparency after learning from early market challenges. Their Syrup product integrates Treasury-backed stablecoins with private credit, offering investors risk-tranched exposure. APY currently averaging 8.74%.

In February 2025, they launched a BTC yield strategy in the CORE ecosystem—overcollateralized BTC loans earning 5.1% APY with no slashing risk. Family offices sitting on idle BTC suddenly have a legitimate institutional-grade yield option.

Goldfinch: Global focus, emerging markets emphasis. They’re connecting DeFi capital to lending businesses in places like Latin America and Southeast Asia. Higher risk, higher reward, but they’ve been smart about building a credit assessment framework that works across jurisdictions.

The Risks You Can’t Ignore

Let’s be real—this is where things can go sideways fast. You’re dealing with off-chain collateral. If the borrower defaults, someone has to go collect. That’s not automated by a smart contract, that’s lawyers and recovery agents.

You’ve got credit risk, you’ve got operational risk with the asset originators themselves, and you’ve got the risk that the legal structure tying the on-chain token to the off-chain asset might not hold up in bankruptcy court.

Maple learned this the hard way in their V1 days. Defaults happen. The question is whether the protocol has proper risk management, proper legal recourse, and proper underwriting standards.

This isn’t set-it-and-forget-it Treasury yields. This is active management territory. Due diligence isn’t optional, it’s mandatory.

But here’s the flip side: $15.9 billion in private credit is on-chain right now because sophisticated investors have done that due diligence and concluded the risk-adjusted returns are worth it. The category works. You just need to pick the right platforms and understand what you’re buying.


The Illiquidity Killer: Real Estate (In Theory)

Real estate tokenization is one of those ideas that sounds so obvious you wonder why it took this long. The global real estate market is $630 trillion. Yes, trillion with a T. And most of it is completely illiquid.

You want to sell your rental property? Cool, that’ll take 60-90 days, thousands in closing costs, and you better hope the market doesn’t tank while you’re under contract. Tokenization promises to change that entire equation.

Current State of Play

Real estate represents about 30.5% of the tokenized RWA market. Platforms like RealT have tokenized hundreds of properties. You can buy fractional ownership for as little as $50. Weekly rental income distributions go straight to your wallet.

The transparency is wild—you can see every property’s financials, occupancy rates, expenses, all of it on-chain. No property management company taking a cut, no waiting for checks to clear.

The Brutal Truth About Liquidity

Here’s where I need to pump the brakes and give you the unvarnished reality.

Secondary market liquidity for tokenized real estate is basically non-existent right now.

Let me say that again: Despite all the marketing about “liquid real estate markets” and “trade your tokens 24/7,” the actual trading volumes are tiny. One academic study from 2025 put it bluntly: “Most RWA tokens exhibit low trading volumes, long holding periods, and limited investor participation, despite their potential for 24/7 global markets.”

Lofty’s CEO Jerry Chu acknowledged this openly, saying that competing platforms “significantly restrict liquidity, often locking investors into commitments lasting five to seven years without active secondary markets.”

Sure, you own the tokens. But who are you selling them to? The platforms promise liquidity, but the actual secondary markets are thin at best, non-existent at worst. You’re effectively buying and holding.

According to ScienceSoft research: “As of 2025, tokens are still mainly traded within the platform of issuance, which limits investor reach and inhibits liquidity benefits.”

How It Actually Works (When It Works)

The structure is pretty straightforward. A property gets acquired by a legal entity, usually an SPV (Special Purpose Vehicle). That SPV issues tokens representing fractional ownership. Token holders get proportional rights to rental income and appreciation.

When the property generates rent, smart contracts automatically distribute it to token holders. The cost savings are real—property management companies typically take 8-12% of gross rents. Smart contracts don’t charge management fees.

The Platforms Making This Real

RealT: Probably the most established player in residential real estate tokenization. Hundreds of properties tokenized in the US. $50 minimum investment. Weekly rental income in USDC or DAI.

They operate primarily on Ethereum and Gnosis Chain, with OTC secondary markets for trading. Yields advertised at 7-20%, though individual property performance varies. They’ve been operating since 2019, which in crypto terms makes them ancient and credible.

Lofty: Built on Algorand, focusing on US rental properties with daily rental income distributions (not weekly). Uses a DAO-LLC structure giving tokenholders governance voice over property decisions. Minimum around $50 per token.

Lofty’s CEO has been more transparent about liquidity limitations than competitors, which actually increases trust. They’re working on it, but they’re honest that it’s not there yet.

Propy: Different angle. Instead of just fractionalizing properties, they’re digitizing the entire transaction process. On-chain title, on-chain escrow, AI-powered workflows. They claim 40% reduction in closing timelines. They’re attacking the transaction layer, not just the ownership layer.

Blocksquare: Infrastructure play. They provide white-label tech for others to launch real estate tokenization platforms. Think of them as the picks-and-shovels provider for this gold rush.

The Value Prop (When It Actually Works)

Liquidity could be transformative. Instead of your capital being locked up for years, you theoretically can sell your tokens on a secondary market. Instead of needing $200K to buy a rental property, you can get exposure for $2K. Instead of being limited to your local market, you can own fractions of properties across different geographies.

The operational efficiency is real. Property management still happens off-chain, but the distribution, record-keeping, and ownership transfer are all automated.

The Reality Check

But let’s talk about the elephant in the room: liquidity is a promise, not a reality. Trading volumes are thin. Bid-ask spreads can be wide. Finding buyers takes time.

Then there’s regulatory complexity. Real estate securities fall under securities law. That means accredited investor requirements in most cases in the US, which defeats part of the democratization story. And every jurisdiction has different rules.

And let’s talk about property management. The token might be on-chain, but someone still needs to fix the leaking roof, find new tenants, and deal with local regulations. That’s all still very much off-chain, very much manual, very much a potential failure point.

The bottom line: Real estate tokenization works as a buy-and-hold yield strategy. If you’re looking for weekly or monthly passive income and you’re okay with illiquidity, platforms like RealT deliver on that promise. But if you’re expecting to trade in and out like stocks, you’re going to be disappointed. The secondary markets aren’t there yet.

By 2030, will this change? Probably. Is it ready for prime time as a liquid investment today? Not really.


The Stability Play: Commodities (Mostly Gold)

Tokenized commodities is really tokenized gold with a few other assets pretending to compete. The market just crossed $3 billion, and gold-backed tokens own 89% of it.

Not $1 billion like you might have read in older reports. Three billion dollars. PAXG and XAUT together control nearly 90% of the entire tokenized commodity market.

Why Gold Dominates

Gold has been money for 5,000 years. It’s the ultimate inflation hedge, the ultimate safe haven, the ultimate “I don’t trust anything else” asset. Tokenizing it makes perfect sense.

You get all the benefits of owning gold without the headaches of physical storage, insurance, and security. Want to use your gold as collateral in DeFi? Done. Want to trade it at 3 AM on a Sunday? Go ahead. Want to own 0.1 ounces instead of needing to buy a full bar? Easy.

Gold prices are up 47% year-to-date in 2025, breaking past $4,000 per ounce for the first time. Safe-haven demand is driving flows into both physical gold ETFs and tokenized gold.

The Two Giants

Paxos (PAXG): $1.19-1.24 billion market cap. Each token backed 1:1 by one troy ounce of London Good Delivery gold sitting in Brink’s vaults in London.

Regulated by the New York Department of Financial Services. Monthly attestations from third-party auditors. You can actually look up the serial number and characteristics of your specific allocated gold bar using your wallet address. That level of transparency is wild.

Physical redemption is available if you want actual gold bars delivered. Over 74,000 holders, primarily retail investors.

Tether (XAUT): $1.5 billion market cap. Same 1:1 gold backing model, stored in Swiss vaults. Quarterly reserve certifications by BDO Italia. Multi-chain deployment (Ethereum, Tron, Arbitrum) for broader accessibility.

Given Tether’s… let’s call it “complicated” history with transparency, some investors are more comfortable with Paxos. But XAUT has actually overtaken PAXG in market cap, so clearly many investors trust it.

Recent growth has been explosive: Tether minted 129,000 new XAUT tokens in early August 2025, adding $437 million to supply. PAXG saw $141.5 million in net inflows between June and September.

The Investment Case

It’s simple. You want gold exposure. You don’t want to deal with buying physical bars or trusting an ETF with counterparty risk. You want 24/7 tradability and the ability to use your gold holdings as collateral in DeFi.

Tokenized gold solves all of that. And with gold breaking all-time highs, both tokens have significantly outperformed the broader crypto market. While Bitcoin and Ethereum experienced volatility, PAXG and XAUT tracked gold’s steady climb.

Yields aren’t exciting—gold doesn’t generate cash flow. But that’s not the point. The point is portfolio diversification, inflation protection, and having an asset that historically maintains value when everything else is melting down.

Some DeFi protocols like Aave have explored accepting gold tokens as collateral, which would unlock even more utility. You could borrow stablecoins against your PAXG holdings without selling your gold position.

The Risks

Custody is everything. If the gold isn’t really in the vault, your token is worthless. That’s why audits and attestations matter. Both Paxos and Tether provide regular audits, but Paxos’ NYDFS regulation and individual bar lookup tool provide extra assurance.

Regulatory risk exists—governments have confiscated gold before and they could theoretically do it again. And there’s always the risk that the company holding your gold goes bankrupt and you’re stuck in legal proceedings trying to prove your claim.

But compared to other RWA categories, tokenized gold is relatively mature, relatively liquid, and backed by physical assets that have held value for millennia.

When the market gets shaky, watch the inflows. Gold-backed crypto saw $42.7 million in net minting in Q1 2025 alone. That’s smart money rotating to safety.


The Frontier: Public Equities Go On-Chain

This is newer, riskier, and potentially massive. We’re talking about tokenized versions of Apple, Tesla, NVIDIA—public stocks that trade on traditional exchanges, but now represented as blockchain tokens.

Market size is still relatively small—around $500 million—but growing fast.

The Core Concept

A token gets issued that’s backed 1:1 by actual shares of a public company. The token price tracks the underlying stock price. You get the price exposure, you get the dividends (if any), but you’re trading on crypto rails instead of traditional stock exchanges.

Why This Matters

Markets close. Crypto doesn’t. If Tesla drops some bombshell announcement at 9 PM on a Saturday, crypto markets can react immediately. Traditional stock markets wait until Monday at 9:30 AM. That’s a liquidity and access advantage.

Plus, fractional ownership becomes easier. Want to own 0.1 shares of Amazon? Traditional brokerages make this clunky. Tokenized equities make it native.

And here’s the big one: DeFi composability. You could theoretically use tokenized NVIDIA shares as collateral to borrow stablecoins. Try doing that with your Schwab account.

The Players

Backed Finance: Swiss-regulated platform offering tokenized stocks on multiple blockchains. They’ve built the infrastructure to issue, track, and redeem these tokens in compliance with European securities law.

Stock tokens include: TSLA (Tesla), AAPL (Apple), COIN (Coinbase), NVDA (NVIDIA), MSFT (Microsoft), plus bond ETFs and Treasury products.

Ondo Finance: Recently launched their Global Markets platform with tokenized US stocks and ETFs for non-US qualified investors. Compliance-first approach, targeting institutional and high-net-worth international investors who want US equity exposure through crypto rails.

They’re leveraging their experience with OUSG to bring the same institutional-grade compliance to tokenized equities.

The Regulatory Minefield

This category is basically walking through a regulatory minefield blindfolded. Securities laws are complex. Cross-border securities laws are nightmares.

The platforms operating here have spent years getting licensed, building compliance infrastructure, and navigating legal frameworks. Backed Finance operates under Swiss financial regulations. Ondo targets non-US persons to avoid direct SEC jurisdiction on certain products.

Most of these products are restricted to accredited investors or non-US persons. They’re not for retail. And the regulatory landscape could change overnight if a regulator decides they don’t like how these products are structured.

Market Maturity

Let’s be honest—this is early. Really early. The volumes are small, the user base is tiny, and the infrastructure is still being built.

But the trajectory is clear. If real estate and credit can be tokenized successfully, there’s no fundamental reason why public equities can’t be. The technology works. It’s the regulatory and distribution challenges that need solving.

The SEC held a roundtable in May 2025 titled “Tokenization: Moving Assets Onchain” with BlackRock, Fidelity, and Nasdaq in attendance. That’s not fringe crypto—that’s Wall Street exploring how this works.

For now, tokenized equities are a watch-and-learn category. Small positions if you’re qualified and curious. But don’t bet the farm until we see more regulatory clarity and deeper liquidity.


The Exotic Stuff: Art, Carbon, and IP

And then there’s everything else. The weird, the experimental, the “this might be genius or might be stupid” category.

Art and Collectibles

Platforms like Masterworks have securitized fine art—they buy a Picasso, file it with the SEC as a security, and sell fractional shares. You can own a piece of a multi-million dollar painting for a few hundred bucks.

The investment thesis is art appreciation outpacing traditional assets over time. And there’s some historical data supporting that for blue-chip artists.

The problems are obvious: subjective valuation, zero liquidity (try selling your fraction of a Banksy), high fees, and the fact that you don’t actually get to hang the painting in your living room.

But for diversification into an uncorrelated asset class with potential appreciation, there’s an argument. It’s speculation dressed as sophistication, but it’s not completely crazy.

Carbon Credits

This is where blockchain could actually solve real problems. The voluntary carbon market is plagued by fraud, double-counting, and opacity. Tokenizing carbon credits on a public blockchain creates transparency and traceability.

Platforms like KlimaDAO and Toucan Protocol are building infrastructure to bring carbon credits on-chain. The theory is solid—make carbon markets more efficient, more transparent, and more liquid, which should help scale climate finance.

The execution is still being proven. Early results are mixed. But if you believe carbon markets will grow (and they likely will as climate pressure increases), having blockchain-based infrastructure could be valuable.

Intellectual Property

Music royalties, patent rights, software licensing revenue—all theoretically tokenizable. You could own a fraction of a hit song’s future royalty stream.

Platforms are experimenting, but the legal complexity is massive and the market is still figuring out how to value these assets. Cool concept, not ready for serious capital allocation.


The Comparison That Actually Matters: Risk vs. Reward vs. Liquidity

Enough theory. Let’s talk practical portfolio construction.

Category Market Size Typical Yield Risk Level Current Liquidity Institutional Adoption Regulatory Clarity
Tokenized Treasuries $6.16B 4-5.5% Low Medium High High
Private Credit $15.9B 9-16% Medium-High Low Growing Medium
Real Estate ~$500M 6-10% Medium Very Low Low Medium-Low
Gold/Commodities $3B+ 0% (appreciation) Low-Medium High Medium High
Public Equities ~$500M Variable Medium Low Very Low Low
Exotic (Art/Carbon/IP) <$500M Variable High Very Low Very Low Low

Here’s the framework: If you’re building an RWA allocation from scratch, you start with Treasuries. Period. That’s your foundation. Low risk, decent yield, institutional-grade products, regulatory clarity. You’re earning stable returns while the rest of your thesis plays out.

Six funds control 88% of that market. Pick from BlackRock, Franklin Templeton, or Ondo. Done.

From there, if you’ve got risk appetite, you layer in private credit. But you do it carefully. You pick established protocols with track records—Centrifuge, Maple. You diversify across multiple pools. You stay away from anything that smells like it’s chasing yield without proper underwriting.

The $15.9 billion in that category proves it works. The returns are there. But so are the blow-up risks. Due diligence isn’t optional.

Real estate? Only if you’ve got a long time horizon and you’re comfortable with illiquidity. The yields look good on paper, but you’re basically buying and holding. Secondary market dreams aside, plan to be locked in. If you need liquidity, this isn’t your category yet.

Gold makes sense as portfolio insurance. It’s not about yield, it’s about having an uncorrelated asset that holds value when things break. With $3+ billion in market cap and 89% market concentration in two trusted products (PAXG and XAUT), this category is mature and accessible.

Public equities are interesting to watch but probably too early for meaningful allocation unless you’re specifically looking for international access or after-hours trading capabilities. Let the regulatory picture clarify first.

And the exotic stuff? That’s speculation disguised as diversification. Small positions, if any. Don’t fool yourself into thinking you’re sophisticated because you own tokenized Banksy shares.


The Bottom Line for Investors

Look, the RWA market is real. The $30+ billion in current value (including stablecoins) is growing at explosive rates. The institutional players are here—BlackRock controlling 41% of tokenized Treasuries, Morgan Stanley investing $48M in Securitize, the SEC holding roundtables with Fidelity and Nasdaq.

This isn’t some corner of crypto Twitter making predictions. This is hundreds of billions in traditional finance capital positioning for a multi-trillion dollar opportunity by 2030.

But not all categories are created equal. Not all platforms are legitimate. And not all risks are obvious until something breaks.

Your move is to start where institutions are starting: Treasuries. Build your foundation with boring, stable, institutional-grade products. BlackRock BUIDL, Franklin BENJI, Ondo OUSG—pick one, allocate capital, earn your 4-5% while you learn the space.

Then, if it makes sense for your portfolio, you layer in exposure to higher-yielding categories with your eyes wide open about the risks. Private credit at $15.9 billion is real, but defaults happen. Real estate yields look attractive, but liquidity doesn’t exist yet. Gold is safe-haven diversification, not growth.

The winners in this space won’t be the people who FOMO into every new tokenized asset that launches. The winners will be the people who understand the fundamental differences between these categories, who can evaluate platforms with a cold analytical eye, and who build positions methodically based on risk-adjusted return potential.

The opportunity is massive. The categories we’ve covered will capture trillions in value over the next decade. But the gap between winners and losers will be determined by who does the work to understand where real value is being created versus where marketing is outrunning substance.

That’s the game. Now go study the platforms, read the audits, verify the numbers, and build your conviction one category at a time.

The infrastructure is being built right now. Google just announced their Universal Ledger. Traditional finance is migrating on-chain. The question isn’t whether this happens—it’s whether you position early enough to capture the upside.

Start with Treasuries. Layer in private credit strategically. Treat everything else as optional until proven otherwise. And never, ever assume liquidity exists just because someone promises it.

Do that, and you’ll be positioned exactly where the next wave of institutional capital flows.

Disclaimer: This content is for educational purposes only and does not constitute financial advice. Real World Asset investments carry risks including regulatory uncertainty, liquidity constraints, and market volatility. Always conduct your own research and consult with qualified financial professionals before making investment decisions.

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