One of the largest global asset markets is moving onchain.
Tokenized private credit is sitting at $17.4B+ with the lion's share living on Provenance and originated by @Figure.
Internet debt markets 🔥
🧱 RWAs = $31.7B Onchain by October 2025
🔥 +10% MoM
🔲 US Treasuries: $7.9B = +9.6% MoM
ℹ️ @Securitize leads, powered by @BlackRock $BUIDL launch in watershed.
$ONDO, $CFG, @WisdomTreeFunds & @FTI_US also key.
🔵 #Ethereum $ETH dominance grows = 72%
🔲 Private Credit: $17.4B = +10% MoM
ℹ️ Driven by @Figure on @provenancefdn $HASH & @tradable_xyz on @zksync $ZK.
🔲 Government & Corporate Bonds: $1.2B = 0% MoM
ℹ️ Distribution:
@0xPolygon - 62%
@arbitrum - 30%
@ethereum - 5%
✨ Highlight:
@Spiko_finance's EUTBL = $314M now, with strong adoption among EU investors via $ARB & $POL.
🔲 Commodities: $2.6B = +10% MoM
ℹ️ Gold remains biggest tokenized commodity. Next: agri products, energy & other precious metals.
✨ Key Player:
@Matrixdock's $XAUM tops $47M.
$22M+ DEX volume LTM - mostly on @BNBChain $BNB's @PancakeSwap $CAKE = $21M.
🔲 Institutional Funds $2.3B = +6% MoM
ℹ️ Key Players:
@centrifuge's JAAA (tokenized Janus Henderson's AAA CLO strategy, backed by ~$1B via @grovedotfinance).
In Aug, Centrifuge launched deJAAA on @base, with plans to expand to @solana $SOL & @StellarOrg $XLM.
Securitize:
BCAP x @blockchaincap
MI4 x @Mantle_Official $MNT
SCOPE x @hamilton_lane
ACRED x Apollo
@NestCredit on @plumenetwork $PLUME
🔲 Stocks: $0.7B = +97% MoM 🔥
ℹ️ Key Players:
@RobinhoodApp, @xStocksFi & @OndoFinance.
💡 Tokenized RWAs: from collateral ➡️ yield primitives ➡️ trading instruments.
Will it be #Solana or #BNBChain to carve a share of RWA market next? 👇
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