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Stocks are being tokenised.
That is just the beginning.
There is $16 trillion in real-world assets projected to move on-chain by 2030.
And right now, a small group of protocols are positioning for every major sector that comes next.
Here is what the race actually looks like:
$ONDO has already tokenised US Treasuries and opened global stock markets to non-US investors.
Over $12 billion in cumulative trading volume.
Over 260 names available.
60 percent market share in tokenised equities.
$LINK is the oracle layer every serious project plugs into.
No off-chain data means no tokenised assets.
Chainlink sits at the foundation of almost everything being built here.
Maple Finance is doing to private credit what ONDO did to Treasuries.
$1.49 billion in distributed assets.
$2.7 billion in monthly transfer volume.
Institutional lending is moving on-chain and Maple is routing it.
Centrifuge tokenised the assets nobody else wanted to touch first.
Invoices. Business loans. Real estate receivables.
$430 million in active private credit pools and still growing.
Pendle turns yield into a tradable asset.
When RWA products generate returns, Pendle lets you buy and sell that yield separately.
That becomes critical infrastructure once real estate and pension products arrive on-chain.
Backed Finance is doing 1:1 equity and ETF wrappers.
If your portfolio holds bCSPX or bIB01, you are already inside tokenised TradFi.
Plume Network is building the settlement layer purpose-built for RWA issuance.
$180 million in assets already on the chain.
Native compliance baked into the infrastructure.
Securitize is the regulated transfer agent BlackRock, Apollo, and Hamilton Lane trust.
$3.5 billion routed through its platform.
Every institutional name that enters RWA does it through a compliant issuer.
Securitize is the issuer.
Now here is what nobody is debating loudly enough:
Real estate is $326 trillion in largely illiquid value.
Deloitte projects $4 trillion tokenised by 2035.
Private equity locks capital for up to 10 years in structures that cannot be sold.
Pension funds manage $56 trillion and still clear on two-day settlement.
Carbon credits, commodities, and agricultural futures are starting to move.
One of these protocols is going to be first to put the next trillion-dollar sector fully on-chain.
The question is which one.
Is it ONDO with the regulatory relationships?
Centrifuge with the private credit infrastructure already proven?
Maple running institutional lending at scale?
Or Plume building a chain designed from the ground up for this exact moment?
Drop your answer below.
The people watching this space before it becomes obvious never need to explain their timing later.