RWA-Fi on @arbitrum is quietly scaling with maturity. Since Q3 2024, the sector has grown steadily reaching new ATH TVL of ~$263M across 20 tokenised real-world assets. Current breakdown shows institutional traction & asset diversity: 🔸 US Treasuries: 65% ($173.3M) driven by institutional-grade funds 🔸 EU Treasuries: 31.9% ($84M) led by @Spiko_finance’s $EUTBL 🔸 Real Estate: 2.8% ($4.8M) 🔸 Equities/Indices: <0.5% (~$1M) Notably, the ecosystem’s depth has matured w/ new verticals taking shape beyond basic RWA exposure: 1. (Leading) Institutional Funds: 🔹 @BlackRock: $BUIDL fund exposed to ST low-risk T-bills 🔹@FTI_Global: $BENJI fund offering onchain access to onchain US Govt. Money Fund (FOXBB) 🔹@WisdomTreeFunds: Access to 13 tokenised funds incl. equities, fixed income etc. 🔹Wellington Management: ULTRA Fund → US Treasury securities, (reverse) repos & cash reserves 2. Tokenised Yield & Treasuries: 🔹@OndoFinance: $USDY stablecoin backed by US T-bills 🔹@OpenEden_X: $TBILL backed by US T-bills w/ real-time Proof-of-Reserves 🔹@Spiko_finance: $USTBL & $EUTBL tokenised money market fund 3. Real Estate / Alternative Assets: 🔹@EstateProtocol: Tokenised residential & commercial properties 🔹Libre Capital: Private credit, hedge fund & real estate w/ insti-partnerships (Brevan Howard & Hamilton Lane) 4. Equities & Private Credit: 🔹@BackedFi: Tokenised ETFs & stocks 🔹@BerryInvesting: Tokenised stocks, ETFs & MMFs 🔹@centrifuge: Real-world credit & debt pools 🔹@DinariGlobal: Tokenisation of public company shares 🔹@DigiFTTech: Regulated exchange for tokenised securities (issuance + secondary trading) 5. DeFi-Native: 🔹 @GainsNetwork_io: Forex, commodities & crypto perps 🔹 @OstiumLabs: Perps trading + RWA asset collateralisation ----- These are early signals pointing toward Arbitrum becoming the de facto L2 for RWA liquidity where traditional capital meets DeFi-native programmability. Still early & uponly from here imo. h/t @EntropyAdvisors for the @Dune insights