Overview

Real-world assets (RWAs) have emerged as a significant category in the financial market, now exceeding $10 billion in total value locked (TVL).

Key Points

• Maker, BlackRock’s BUIDL, and Ethena’s USDtb each contribute over $1 billion to this figure.
• USDtb, a stablecoin tied to tokenized BlackRock money-market fund shares, reported a remarkable growth of over 1,000% in TVL in the past month.
• People are increasingly favoring Treasury-backed tokens, reflecting a shift towards safer asset classes in light of bearish sentiments in the crypto market.

Real-World Asset Growth[DeFiLlama]

Further Insights

• The stability and security of Treasury-backed tokens have outperformed offerings from major DeFi protocols.
• Investors continue to show a preference for safer investments, enhancing the demand for tokenized treasuries and contributing to the overall growth of RWAs.