$30 billion in tokenized real-world assets.

Less than 5% are actively used as collateral, integrated into structured products, or deployed across DeFi.

That gap is not a regulatory problem.

It's a composability problem.

Tokenization puts assets on-chain.

That's step one.

Making those assets interoperable — usable as collateral, deployable across protocols, portable across chains — is the actual unlock.

Today, most tokenized assets are digital receipts sitting inside isolated environments.

They exist on-chain.

They don't function on-chain.

LayerZero and Centrifuge recently mapped where the industry stands and what's still missing.

The conclusion is simple:

The next frontier of RWA isn't more tokenization.

It's utility.

Collateral that can be pledged instantly.

Structured products assembled programmatically.

Yield flowing across chains without manual intervention.

That's what transforms tokenization from a $30B issuance market into a multi-trillion-dollar capital market.

Most people think tokenization is the destination.

It's not.

Tokenization is onboarding.

Composability is what turns assets into capital.

The winners won't be the platforms that tokenize assets.

They'll be the infrastructure that makes tokenized assets usable everywhere.

$CFG $ZRO