Real World Assets

The dominant tokenized US Treasuries protocol with institutional backing and regulatory-forward posture.

SEC-registered tokenized securities platform behind BlackRock's BUIDL fund — the institutional standard for on-chain securities.

OG real-world credit protocol powering MakerDAO's RWA vaults with structured on-chain finance.

Swiss-regulated tokenized ETFs and stocks — strong compliance and asset backing but KYC constraints limit DeFi composability.

USYC yield-bearing stablecoin backed by Treasuries — institutional-grade yield product with strong compliance, growing DeFi adoption in the RWA space.

OpenEden provides tokenized T-bill vaults with real US Treasury backing — strong asset quality and compliance, but the tokenized T-bill space is getting crowded and yields may decline.

Tokenized US Treasury funds by Compound's founder — best-in-class regulatory compliance with SEC-registered structure, but limited DeFi composability.

SEC-regulated tokenized stocks on-chain — the compliance-first approach to bringing equities into DeFi, backed by real shares in a brokerage account.

Purpose-built blockchain for security tokens with native compliance and identity — strong regulatory design but limited adoption in a market still finding product-market fit.

Institutional undercollateralized lending protocol that survived FTX-era defaults and rebuilt with RWA focus.

Fractional tokenized real estate with daily rental income — genuine product-market fit but concentrated in lower-income US properties with real estate market risks.

Institutional tokenization platform behind the ERC-3643 standard — strong compliance and real enterprise clients, but no token means limited crypto-native investment exposure.

Permissionless institutional lending with dynamic rate pricing and growing RWA capabilities.

European tokenized money markets — AMF-regulated access to EU and US government securities on-chain, well-positioned for MiCA but early in adoption.

Credora provides on-chain credit ratings for crypto institutions — essential infrastructure for undercollateralized lending, but the market is small and credit risk in crypto remains poorly understood.

DeFi-to-emerging-market lending protocol bridging crypto capital to real-world borrowers globally.

Trade real estate price indexes on Solana — novel concept but niche market with thin liquidity and limited real-world connection.

BaFin-regulated DeFi platform for tokenized RWAs — strong compliance credentials but very limited adoption and early-stage product.

RWA-focused L2 with compliance built in — well-funded with strong narrative positioning, but RWA adoption is still early and the chain has yet to prove product-market fit.

RWA-focused L1 with Dubai regulatory ties but dogged by tokenomics controversy and unproven adoption.

Blockchain real estate pioneer — completed on-chain property transactions in the US, but scaling real estate tokenization faces massive regulatory and adoption hurdles.

Fractional tokenized US rental properties on Algorand — real income, real assets, but small scale and dependent on a niche blockchain.

European SME loan tokenization — serious RWA concept with regulated loan originators, but tiny scale, limited transparency, and the hard problem of bridging TradFi and DeFi.

Blockchain credit infrastructure for emerging markets — real loan transactions recorded on-chain, building credit histories for the underbanked.

Privacy blockchain for regulated securities — technically ambitious ZK approach to compliant asset tokenization with limited adoption.

Agricultural land yield tokenization — novel DeFi primitive creating perpetual crop yield tokens, but extreme early-stage risk and complex real-world dependencies.

Institutional RWA tokenization platform with its own Cosmos L1. Compliance-focused approach targeting real estate and private equity. Limited adoption.

Matrixport's tokenized T-bills (STBT) — institutional-grade custody with Jihan Wu's backing, one of the most credible tokenized Treasury products available.

Music royalty tokenization platform on Algorand. Real concept addressing real artist funding needs, but regulatory and adoption challenges persist.

Real estate tokenization platform offering fractional property ownership -- functional concept but early-stage with limited portfolio and adoption.

Crypto cashback rewards platform for online shopping. Real-world utility concept but limited differentiation and adoption in a competitive market.

Fixed income DeFi protocol tokenizing real-world credit for predictable yields. Early-stage with structured credit expertise but limited track record.

Decentralized receivables financing — real businesses borrowing against real invoices, one of the more genuine RWA protocols connecting DeFi capital to real economic activity.

Tokenized US rental properties on BNB Chain — real properties generating real income, but tiny scale and significant legal/operational complexity.

Tokenized US Treasuries on-chain — high-quality underlying assets but faces stiff competition from Ondo, Mountain, and other T-bill tokenizers with better distribution.

White-label tokenization platform for real estate and securities — solid B2B compliance tooling but small scale, limited token utility, and intense competition in the tokenization space.

NFT fractionalization protocol that breaks blue-chips into micro-tokens — clever solution to NFT illiquidity, but struggling in a depressed NFT market.

Physical asset tokenization platform whose USDR stablecoin suffered a catastrophic depeg -- ambitious concept undermined by illiquid backing and flawed design.

DEX for security tokens — brings AMM liquidity to traditionally illiquid tokenized securities, but the security token market itself remains underdeveloped.

Security token pioneer with a purpose-built blockchain (Polymesh) — strong compliance focus and early mover in RWA, but adoption has been painfully slow and competition is intensifying.

Trade finance tokenization on Polygon -- real invoices as DeFi yield, legitimate concept but tiny scale with concentrated counterparty risk.

End-to-end security token issuance platform — solid compliance tooling and STO experience, but the security token market's slow growth constrains the platform's potential.

RWA tokenization infrastructure for B2B asset-backed lending — addresses a real market gap but very early-stage with limited adoption and unproven asset quality.

Real estate tokenization platform for fractional property ownership — focused on the most promising RWA vertical but struggling with the persistent challenges of real estate on-chain.

Korean real estate lending protocol -- tokenizes property for DeFi collateral, but near-zero adoption and unsolved legal enforcement make it more concept than product.

Real estate crowdfunding project with grand ambitions but negligible execution — mostly a token with little actual property tokenization.

Failed attempt at home ownership tokenization — no product, no users, no future. Avoid.