Castle Labs releases an industry report on RWA stating that the on-chain tokenized real-world assets (RWA) have reached $28.2 billion, a growth of approximately 500% since early 2025, with a peak of $31.8 billion. Currently, tokenized U.S. Treasuries and money market funds remain the largest categories, totaling about $17 billion, accounting for nearly 60% of the entire RWA market, with BlackRock BUIDL and Hashnote USYC both surpassing $3 billion in scale. The report also points out that tokenized stocks have become one of the fastest-growing RWA sub-sectors, with growth exceeding 170% so far this year, significantly higher than the approximately 60% growth rate of tokenized U.S. Treasuries. Castle Labs believes that the expansion of stablecoins, institutional capital inflows, and the advancement of regulatory frameworks such as CLARITY and MiCA are driving traditional financial assets to continue onboarding onto the blockchain. However, the industry's current biggest bottleneck has shifted from asset issuance to redemption mechanisms and DeFi composability. Currently, only about $3 billion of the approximately $28.2 billion on-chain RWA has entered DeFi, with a penetration rate of around 10%.

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LeverageWhisperer

· 11h ago

Regulatory Framework Progress = issuing licenses to traditional finance—are DeFi natives drinking soup or washing dishes?

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GateUser-fbbc916d

· 11h ago

Hashnote USYC has reached 3 billion; how are the profits distributed?

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GovernanceVoting

· 11h ago

BlackRock BUIDL is going to dominate—on-chain U.S. Treasuries are quickly turning into Wall Street’s backyard

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CrystalBallForSentiment

· 11h ago

Tokenized stock growth rate of 170% shows some potential, but without a redemption mechanism, it's just paper wealth.

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GoToSleepAfterMinting

· 11h ago

28.2 billion sounds impressive, but DeFi penetration is only 10%, and institutions are still doing their own thing.

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Castle Labs Report: The RWA market size has reached $28.2 billion, but DeFi penetration is only about 10%

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